Category: Economy
Economy 03.07.23 | 13:27

In 18 months RKE issued 545 licenses for renewable energy production with total capacity of 270 MW

In the period between january last year, and une 2023, the Energy and Water Services Regulatory Commission (RKE) issued 545 licences for production of electricity from renewable sources, with a total installed power of almost 270 MW. This capacity may meet thee electricity needs of 104,000 average households. According...
Economy 01.07.23 | 16:56

EBRD helps put solar panels on top of the old coal mine in Kicevo

Macedonia’s struggling publicly owned energy company ELEM/ESM signed a contract with the European Bank for Reconstruction and Development to build a solar plant on top another section of the old Oslomej coal mine near Kicevo. EBRD is donating 1.5 million EUR that will be used to build a small 10MW...
Economy 30.06.23 | 14:22

Higher electricity price from July 1

Minister of Finance Fatmir Besimi said on Friday that there will be no legislative intervention in the VAT for the electricity bills, and the tax will jump to 18% from July 1. Minister said that as a compensation for the citizens, the Government will continue subsidizing the electricity production and...
Economy 30.06.23 | 14:15

From July 1 a tag device on Macedonian tolls – faster and 6% cheaper driving

The new, cheaper toll in Macedonia for the Serbian citizens starts tomorrow (July 1), and the same tagging device will be operational in both, Macedonia and Serbia. The drivers will obtain two benefits – faster moving at the toll stations, and cheaper use pf the highways by 6%. The common system...
Economy 30.06.23 | 11:02

Trade Unions: There is some movement from the deadlock, new meeting on Monday

Some shift in positions away from the deadlock was made, but a new meeting will be held Monday in an attempt to reconcile positions, said representatives of the unions after Thursday’s session of the Economic and Social Council, at which the unions reiterated that they will not give up on their demands. “We’ve...
Economy 30.06.23 | 10:57

Trenchevska: Social partners achieved a significant progress in the talks on public administration salaries raise

The social partners made significant progress in the negotiations over the growth of wages in the public sector, said the Ministry of Labor and Social Policy in a press release Thursday, following the session of the Economic and Social Council. The session was chaired by the Minister of labor and Social...
Economy 29.06.23 | 18:30

Kochoska – Dimitrioska: The 2023 Budget will be 200 million euros short

VMRO-DPMNE Vice-Chair Gordana Dimitrieska-Kochoska claims that the Budget will be €200 million short this year, due to poor VAT collection. The Budget will be filled by the social contributions and the personal tax, collected from the salaries, because, as worthless as the salaries are, their total...
Economy 29.06.23 | 11:48

VMRO-DPMNE Vice-Chair: The announced civil bonds are a laundering scheme for the ‘black money’

The Government’s announcement about issuing civil bonds is aimed at laundering the ‘black money’ accumulated in the country. This is corroborated by the fact that everyone who invests over €15,000 in the civil bonds is released from the obligation to prove the origin of the assets...
Economy 29.06.23 | 11:09

Fast and easy: The tolls in Macedonia and Serbia will be charged by one ‘tag’

The system for joint electronic toll charging by applying only one ‘tag’ while traveling through the country or in Serbia successfully passed all tests, it is ready for use and functional, the Public Enterprise for Public Roads informed on Thursday. The project was announced in 2021 within...
Economy 28.06.23 | 12:36

Eco Awareness: Thermal Power Station Bitola is the largest polluter in the entire West Balkan

The Thermal Power Station Bitola was the biggest polluter in the entire West Balkan in 2022 with sulphur dioxide and dust particles. The emissions from the TPS Bitola’s chimneys have doubled compared to 2021, despite of one of the blocks being out f order almost the entire year, due to a fire. According...
Economy 27.06.23 | 16:22

Mickoski: The next Government, lead by VMRO-DPMNE, will be tied to the farmers

The Government completely forgot the ten-year program for water supply. An audit of the already allocated land is needed, because larger parcels mean larger economically justified agricultural production, reduced expenses, and more benefit for the workers! – wrote Mickoski on Tuesday. -We need...
Economy 27.06.23 | 13:02

IMF: There is room for higher salaries in the public sector, but watch for the inflation

Macedonia is in a process of economic recovery, with a real GDP growth projected to 2.1% this year, 3.4% in 2024, and retuning back to 2% in 2026, states the IMF Mission preliminary report, which monitored the  country from June 5 to June 9. “The public finances are on a good path to achieve the...
Economy 27.06.23 | 12:15

IMF: The Central Bank’s monetary policy aided the gradual decrease of the inflation

The inflation is slowing, aided by the lower prices of energy and food, but also as a result of the tightened monetary policy. The Central Bank’s monetary policy contributed to the stabilization of the inflationary expectations, and gradual decrease of the inflation,  are the conclusions of the...
Economy 27.06.23 | 11:58

The PRO employees’ general strike postponed

The Public Revenue Office leadership and the trade union agreed to postpone the general strike set for Tuesday, because  the mediator exempted himself from the process. The mediator Lazar Jovevski asked to be exempted because he was abroad and couldn’t return on time. PRO announce that they will...
Economy 26.06.23 | 15:34

PRO trade union: If there is no solution until Tuesday, the general strike will commence

The Public Revenue Office (PRO) trade union is still waiting for the mediator to call both parties and start looking for a solution to their demands, Vase Nedanovski, the union’s representative, told reporters on Monday. The PRO and Custom Administration’s employees threatened with a general...
Economy 23.06.23 | 16:38

Electricity Production-Macedonia offered similar price as the previous one

Electricity Production-Macedonia submitted its offer to the distributor EVN Home, pricing the electricity to €53 per megawatt/hour for the entire needed quantity. According to EVN Home, the price is 5.35% lower than the previous one. The final decision on the new price for customers, which should be...
Economy 22.06.23 | 19:41

Besimi is convinced that customs and revenue offices’ employees will act professionally regarding the strike

The Ministry of Finance Fatmir Besimi is convinced that the Custom Administration employees won’t block the border crossings, and the Public Revenue Office won’t block the entire economy. Besimi says that he understands the employees’ demands, but reiterated the Government’s position...
Economy 21.06.23 | 13:38

Ilieska: The higher salaries is not something to brag about, when the value has decreased

The former manager of the Public Revenues Office, Anastasija Ilieska, wrote in a Facebook post that the higher amounts of the net and gross salaries are not something to boast about, because the value of these salaries has actually decreased. “The essence of salaries’ raises is to increase...
Economy 19.06.23 | 20:18

Bitiqi: The digitalization brought a new era in the labor market

The Macedonian companies’ challenges while trying to secure labor force are huge and we are trying to deal with them, but we have to understand that the sane challenges also apply for the companies from the entire region, as well as in the EU, Fatmir Bitiqi, Vice-PM for Economic Affairs said on...
Economy 19.06.23 | 12:01

The seasonal air line Ohrid – Belgrade reinstituted

From Monday, June 19, the airline Skopje – Belgrade will be reinstituted, and will be operated by Air Serbia. TAV Macedonia, the operator of thee Skopje Airport, informed that there will be a welcoming ceremony  for the first flight, with a water bridge, welcoming of the passengers, and cutting...
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