Category: Economy
Economy 16.06.23 | 13:28

The data is overwhelming: Macedonians have a lower standard, but eat much more expensive food than the Europeans

The Macedonians eat much more expensive food than the Europeans, despite having much lower living standard, the “Inflation Monitor” for June 2023 reveals. The Monitor was prepared by the Parliamentarian Budget Office and the Swiss Development Agency. According to the data, the inflation in...
Economy 14.06.23 | 20:13

Bislimovski: The electricity price should not go up

Energy Regulatory Commission (ERC) President Marko Bislimoski said Tuesday he was against an increase in the price of electricity at this point. Bislimoski told Telma TV that he could not say what the price of electricity will be in euros because, he noted, it is a decision of the management of ESM and...
Economy 14.06.23 | 19:00

There is no need for Budget revision, the Finance Minister Besimi claims

Finance Minister Fatmir Besimi said Wednesday that the Budget was in good shape and therefore does not expect a revision to happen soon. “For now, everything is going according to plan in terms of revenues and expenditures, and I think we will continue as planned in the Budget,” Minister...
Economy 12.06.23 | 19:42

PM Kovacevski: Government won’t allow price shock, to continue to subsidize electricity

The Government will continue to subsidize the price of electricity in 2023 as well, as it did during the last heating season in order to prevent a price shock after July 1 when the Energy Regulatory Commission (ERC) is set to determine the price on the regulated market of electricity that will be valid...
Economy 10.06.23 | 09:36

The minimal consumer basket in May amounted to MKD49,025

 A family of four in the country needed MKD49,025 (€798) to cover the minimal consumer basket in May, said the Federation of Trade Union (SSM) on Friday. Of this amount, 44 percent is required for food and beverages, 30 percent for housing, whereas the rest for hygiene, transport, clothing and shoes,...
Economy 09.06.23 | 09:37

Azeski: We must make the export a national priority

The export must become a top national priority, demanded on Thursday the Chairman of the Macedonian Chamber of Commerce Branko Azeski at the debate this month organized by the institution, titled Export, Export, Export!. Azeski, who is also a Chairman of the National Council on Export, addressed the...
Economy 08.06.23 | 10:30

The Transport Fair began at the Sport Center Boris Trajkovski

The Transport Fair in Skopje is taking place at the Sport Center Boris Trajkovski from June 7 until June 9. This edition of the Fair features over 40 companies from the country, as well as regional and global brands in the world of transport and logistics. “The Transport Fair this year offers a...
Economy 08.06.23 | 09:48

Penov: Digitalization is a global trend, we need knowledge and tools to catch up

It is a national priority to create plans and roadmaps for digital transformation, and finance initiatives for digitalization of enterprises. It is also important for Macedonia to focus on green digitalization and creating ecologically sustainable digital infrastructures, said participants during Wednesday’s...
Economy 08.06.23 | 09:15

Increase of the exports, decrease of the imports in the first three months of the year

The total value of the exported goods from the country in the period January – April 2023 amounts to $3,005,376,000 and marks an increase year-on-year of 3.1%, the State Bureau of Statistics reported on Wednesday. The value of the imported goods amount to $3,899,163,000, which is 10.7% less than...
Economy 06.06.23 | 16:09

We are on a path to lose our economic independence, Professor Slavevski warns

In order to achieve economic growth in the following years, a rehabilitation of the catastrophic situation left by DUI and SDS is necessary, and only after that we can stabilize the economy, the member of the VMRO-DPMNE Executive Board, economy professor Trajko Slavevski said on Tuesday. Slavevski stressed...
Economy 03.06.23 | 16:46

Farmers block Kavadarci – Prilep road to demand urgent repairs to irrigation system

Farmers from Kavadarci blocked the Gradsko – Prilep road to protest the lack of repairs on a key irrigation canal. Much of this agricultural region was left without water for irrigation because of the damage to the Makarija system, that is part of the lake Tikves irrigation network. The system...
Economy 03.06.23 | 12:34

“The Bechtel deal can be renegotiated in mutual interest of both parties”

Discussing the Bechtel highway scandal, VMRO-DPMNE President Hristijan Mickoski blamed the Government for the widespread perception of corruption in the 1.3 billion EUR deal. He asked why wasn’t the Government able to organize an open competition for the bid, and to secure EU funding for the major...
Economy 01.06.23 | 10:35

Grubi will officially start the works on Corridor 8 – second time in a month

The First Vice-PM and Minister for Political System and Relations between Communities, Artan Grubi, will attend on Thursday the official start of the works on Corridor 8, near the pay toll on Tetovo-Gostivar highway – again. Grubi was among the officials who attended the previous official start...
Economy 31.05.23 | 20:03

Two new international flights from Ohrid, to London and to Manchester

Two new international flights were promoted on the Ohrid Airport St. Apostle Paul on Wednesday, one to London, and the other to Manchester, both in Britain. In the first four months of the year the number of passengers increased for 44% compared to the last year, and 11% compared with 2019, which was...
Economy 29.05.23 | 08:40

The import of foreign labor force in Macedonia has begun

The import of foreign workers in the agricultural sector has started, the Chairman of the Association of Employers, Angel Dimitrov, confirmed on Sunday. “The first workers from India arrived at a dairy farm in the eastern city of Sveti Nikole. It is a low-qualified labor force. the owner of the...
Economy 28.05.23 | 09:15

The Association of Financial Markets expects the inflation to fall below 10% in September

Expectations are that inflation will continue to decrease. By September we may even have single-digit inflation, so we may be optimistic in that regard, Bojan Cvetanovski, Chairman of ACI Macedonia – Association of Financial Markets, said on the panel discussion organized on the occasion of the...
Economy 28.05.23 | 08:24

Labor association: This is just a disgusting beginning of further abuses, a return to feudalism

  The extension of the weekly work hours to over 70, made possible by the new law amendments adopted on Friday, was disputed in front of the Constitutional Court by our association Loud Textile Worker just a few months ago, and yet they abused the Ëuropean flag” to reinstitute it”,...
Economy 27.05.23 | 09:01

WHO called out Macedonia to stop subsidizing tobacco

The World Health Organization (WHO) called upon all countries to stop subsidizing tobacco cultivation and to redirect the finances to subsidizing food. Among the countries included in the WHO report, Macednia ranks as the 20th most important exporter of tobacco in the world. The Macedonian Government...
News Economy 25.05.23 | 20:10

The magistral road Kumanovo – Stracin put in use

PM Kovacevski, the Minister of Transport Bocvarski, and the Director of the Public Enterprize for State Roads, Rustemi were among the present at the official putting in use of the magistral road Kumanovo – Stracin. This road section, which is part of Corridor 8, is completely reconstructed with...
News Economy 23.05.23 | 17:25

Trenchevska consoling the workers: there won’t be that much overtime work
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