Category: Economy
Economy 23.03.23 | 09:15

EUR 243 million approved for Bechtel and Enka for construction of Corridors VIII and X-d

The provision for EUR 243 million from the budget of the Ministry of Transport and Communications to the American-Turkish consortium Bechtel and Enka for the construction of Corridors VIII and X-d was approved as part of the Program for financing road infrastructure for the Corridor VIII and X-d projects...

Economy 22.03.23 | 09:05

Government now plans to freeze prices of fruits and vegetables

After making similar decisions with the prices of bread, rice, eggs and dairy products, the Government now plans to freeze prices of fruits and vegetables. This is the option that the Kovacevski Government resorted to after run-away inflation that it failed to control through usual, market friendly means....

Economy 21.03.23 | 15:14

Average net wage in January at MKD 33,943

The average monthly net wage paid per employee in January 2023 was at MKD 33,943, and compared to January 2022 it is up by 13.2%, the State Statistical Office said Tuesday. This increase is caused by the increase of the average monthly net wage paid per employee in the sectors: Transportation and storage...

Economy 21.03.23 | 11:19

$1,980 an ounce: Gold price near all-time high

The price of gold is currently near an all-time high, trading above $1,980 an ounce. This comes at a time when the banking sector is under threat and several banks have already gone bankrupt. The trend of investing in gold is constantly increasing. Data from the World Gold Council show that from 2000...

Economy 21.03.23 | 10:45

Prices of rice and eggs to be capped today

Minister of Economy Kreshnik Bekteshi said at a press conference Monday that the prices of rice and eggs will be capped as of Tuesday. At the press conference, Bekteshi said that the government will not intervene in the prices of sugar and flour because there has already been a reduction in the prices...

Economy 20.03.23 | 16:01

Fuel prices drop

The price of diesel is set to drop by Mden 1.5, while the gasoline prices and the price of Extra Light Fuel Oil will drop by half a denar as of Monday midnight, according to a decision by the Energy and Water Services Regulatory Commission (ERC). The new price of a liter of Eurodizel BS (D-E V) will...

Economy 20.03.23 | 14:02

Prices of rice and eggs to freeze on Tuesday

The Minister of Economy Kreshnik Bekteshi announced that the prices of rice and eggs will be frozen tomorrow. As he said today at a press conference in the Government, sugar and flour will not be intervened by freezing because the prices of these products have already risen and that trend is expected...

Economy 16.03.23 | 16:04

New fuel prices

As of Thursday midnight, the prices of gasoline Eurosuper BS-95 and diesel Eurodiesel (D-E V) drop by MKD 2 per liter, while the prices of other fuels remain unchanged, according to a decision by the Energy Regulatory Commission (ERC). EUROSUPER-95 will be sold at 81.5 denars per liter, while EURODIESEL...

Economy 16.03.23 | 09:45

Dimitrieska Kocoska: Freezing prices without support from the Government to producers leads to an increase in prices

Freezing prices without support from the government to producers, and at the same time, which is very crucial, a predictable economic environment gives us the same results as a continuous increase in prices, says Gordana Dimitrieska Kocoska, vice-president of VMRO-DPMNE in an interview with the “Top...

Economy 16.03.23 | 08:47

State Market Inspectorate to control prices of pasta and dairy products

Inspectors will be on the ground and carry out checks whether traders have complied with the Government’s decisions to reduce the prices of pasta and dairy products, which takes effect as of Thursday, said the State Market Inspectorate. According to the State Market Inspectorate, inspectors will...

Economy 15.03.23 | 15:47

Andonov: 90 percent of total electricity needs in February provided for by domestic production

In February, 90.2 percent of the total domestic electricity needs are provided by domestic production facilities, while the remaining nine percent are from imports, the government’s special advisor for energy Viktor Andonov told a press conference on Wednesday. This, Andonov pointed out, has not...

Economy 14.03.23 | 13:47

Egg prices in EU increase by 30% over one year

Eurostat data for January 2023 show that the price of eggs in the EU was, on average, 30% higher than in January 2022. Among the EU countries, the highest increase in annual inflation for eggs was recorded in Czechia (+85% in January 2023 compared with January 2022), followed by Hungary (+80%) and Slovakia...

Economy 14.03.23 | 09:02

Bytyqi: Minimum wage to stand at MKD 20,175

The minimum wage will be increased by MKD 2,175, and will amount to MKD 20,175, said Deputy PM for Economic Affairs Fatmir Bytyqi. This is the result of the government’s care for all categories of citizens, to ensure a continuous sustainable standard of living and support the purchasing power of...

Economy 13.03.23 | 15:14

Price of diesel drops, gasoline prices up

The price of diesel is set to drop by MKD 1 per liter as of Monday midnight, while gasoline prices will go up by MKD 1, according to a decision by the Energy Regulatory Commission (ERC). According to the new price, as of midnight, EUROSUPER 95 will amount to MKD 83.5 denars per liter, while EUROSUPER...

Economy 13.03.23 | 10:45

Economic-Social Council to make decision on minimum wage amount

The Economic and Social Council is expected to make a decision on the amount of the minimum wage at a session on Monday. The Government’s expectations are that the minimum wage will increase, amounting to about 20,000 denars.

Economy 11.03.23 | 17:22

The 500-denar banknote now has the same value as the 100-denar banknote

The average salary increased but in an artificial way. And the increase in an artificial way encouraged one degree of higher inflation, and this is noted in the World Bank Report, says Anastasija Ilieska from VMRO-DPMNE in a phone call with Kanal 77 Stadium show. Ilieska added that Macedonia is facing...

Economy 11.03.23 | 09:33

Unemployment in Q4 of 2022 at 14 %

The unemployment rate in the Republic of Macedonia in the fourth quarter (Q4) of 2022 was 14 percent, said the State Statistical Office on Friday. The activity rate in this period was 54.9 percent, while the employment rate was 47.2 percent. In Q4, the labour force in the Republic of Macedonia numbered...

Economy 10.03.23 | 14:26

Pasta prices drop by 15 percent, dairy products by 10

Pasta prices will be reduced by 15 percent and dairy products by 10 percent, and their prices will be capped, said Prime Minister Dimitar Kovacevski on Friday. The price of pasta, macaroni and spaghetti is reduced by 15 percent or on average by eight to nine denars. Customs duties for the import of these...

Economy 09.03.23 | 14:38

Prices of pasta and dairy products to freeze

Tomorrow, the government will announce the limit on the prices of pasta and dairy products, following the example of bread. The Minister of Economy, Kreshnik Bekteshi, said that they will intervene in the prices of other products, that is, wherever there are “profits or margins from what is regular”. Tomorrow...

Economy 08.03.23 | 12:29

Macedonia will pay 18 million EUR more for the poorly executed bond issue

The chaotic reconstruction of the Government, to accommodate another ethnic Albanian party – the Alliance of Albanians – will cost the country 18 million EUR in extra interest on the large bond that was being issued at the time. Justice Minister Nikola Tupancevski refused to approve the bond...

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