Category: Economy
Economy 31.12.24 | 00:08

Retailers may face a price freeze for the next holidays

The Government will decide whether to organize additional campaigns to reduce prices of staple products based on the success of the current, New Year campaign. Retailers hiked prices before the reductions went into effect and citizens are complaining that the effects were nowhere to be seen. This campaign...
Economy 29.12.24 | 23:24

Major investment worth over 350 million EUR expected in 2025

A major new investment worth over 350 million EUR that will strongly boost Macedonia’s export potential is being negotiated for 2025, said Prime Minister Hristijan Mickoski during a podcast interview today. We are in talks with 15 companies for 2025, and I expect a huge investment of 350-360 million...
Economy 26.12.24 | 21:56

Government wants to allow workers to work on Sundays – for a higher salary

The Government aims to allow workers who want to work on Sundays, for salaries that will be two to three times higher than the regular salaries, to be able to do so, despite the “blue law” instituted by the previous DUI – SDSM Government. Even now we have economic operators who work...
Economy 26.12.24 | 00:21

Mickoski announces robust inspections against retailers who hiked prices before New Year

Prime Minister Hristijan Mickoski accused retailers of hiking prices of some products by up to 25 percent, ahead of the planned introduction of a New Year price reduction. They should not try to make profits in this way. The citizens expect their understanding, not sudden price hikes. It’s an inhumane...
Economy 24.12.24 | 19:22

Mickoski warns retails who hiked prices before New Year that they will face inspections

Prime Minister Hristijan Mickoski said that he will call on the market inspectorate to initiate a robust action against supermarket chains who violate the New Year price caps program. Consumers were complaining that markets hiked the prices before the measure went into effect, and then reduced them to...
Economy 22.12.24 | 00:37

Second tranche of the Hungarian loan will be used to refinance maturing debt

A contract for the second tranche of the Hungarian loan worth 500 million EUR has been signed and the funds will be made available, said Finance Minister Gordana Dimitrieska – Kocoska. This portion of the 1 billion EUR loan will be used to cover a bond issue in 2018, that matures in January. This...
Economy 20.12.24 | 19:40

Mickoski announces major green energy projects worth 100 million EUR

Prime Minister Hristijan Mickoski announced that several major infrastructure projects will initiated soon. Two of them cover renewable energy – the second Bogdanci wind park and the photovoltaic plant in Bitola, near the REK Bitola coal plant. In the case of the Bogdanci park, the progress on...
Economy 15.12.24 | 21:15

Price reductions for 800 products

A reduction of prices of over 800 products goes into effect today. The prices will go down by at least 10 percent. The list of products includes bread and grain products, meat, fish, milk, fruit and vegetables, as well as drinks. The New Year price reduction campaign will be in effect until January 15th....
Economy 14.12.24 | 00:20

Nikoloski discussed regional transportation corridors with Marian Marinescu

Deputy Prime Minister and Transportation Minister Aleksandar Nikoloski met with Marian Jean Marinescu, member of the European Parliament who coordinates efforts on the Western Balkans – Eastern Mediterranean transportation corridor. The talks were focused on the east – west Corridor 8, that...
Economy 13.12.24 | 00:49

Hungarian 4iG will apply for a license next week

Hungarian 4iG company is formally applying to enter the Macedonian telecom market next week. Its plan, presented by Pal Zarandi, 4iG diretor of mobile and 5G strategies, is to begin by investing about 100 million EUR in a greenfield investment. This means that we will enter the market independently....
Economy 11.12.24 | 00:14

Mickoski: Additional 500 millions in loans from Hungary will be used to pay off outstanding debts

During a televised debate on the economy, Prime Minister Hristijan Mickoski informed that the Government approved asking for an additional loan from Hungary, worth 500 million EUR, that will be used to reprogram outstanding debts from the previous Government taken under less favorable terms. Hungary...
Economy 09.12.24 | 00:19

Economy is speeding up in the second half of 2024

In a brief period of time, the Government was able to consolidate the economy and achieved a 3 percent growth rate in the third quarter, said Prime Minister Hristijan Mickoski during his press conference today. According to Mickoski, the results have surpassed expectations, despite the complex global...
Economy 07.12.24 | 23:08

Over 700 products on the New Year discount list

So far over 700 products were placed on the discounted list prepared by the Government, which will mean price reductions of about 10 percent. According to Deputy Economy and Labour Minister Marjan Risteski, the number of products that will be put on the list will soon surpass 800. I expect that the savings...
Economy 06.12.24 | 20:55

Mickoski: citizens can expect noticeable growth in 2025

Following the meeting of the Economic and Social Council, Prime Minister Hristijan Mickoski said that in 2025 we can expect noticeable rates of growth that will allow the citizens to begin to overcome their difficulties. I expect that we will have an economy that goes forward in the next year, that produces...
Economy 03.12.24 | 00:52

Macedonia sets new foreign investment record, with 838 million EUR in nine months

Macedonia broke its previous record in foreign direct investments, and netted 838.2 million EUR in the period of January – September of this year. This is an improvement to the same period in 2023 of 348.2 million, and is by far the highest amount in the past 20 years. Bloomberg Adria predicts...
Economy 30.11.24 | 00:00

Mickoski expects an 800 million EUR investment cycle based on the Hungarian loan

Prime Minister Hristijan Mickoski said that he expects an investment cycle of 800 million EUR, based on the loan from Hungary and the favorable incentives policies. Businesses who apply for credits from the 250 million EUR line of the Hungarian loan will have to add 20 percent of the business plan from...
Economy 28.11.24 | 00:44

Kostal will invest additional 50 million EUR in Ohrid

A major new investment of the German Kostal plant will mean 50 million EUR for the plant, and an increase in exports by half a billion EUR, said Prime Minister Hristijan Mickoski who visited the site of the existing plant in Ohrid. Kostal currently employs 1,150 people and produces car parts for brands...
Economy 28.11.24 | 00:40

Mickoski: Nearly all banks will participate in the distribution of the Hungarian loan

Nearly all banks in Macedonia agreed to help distribute the 250 million EUR from the Hungarian loan, said Prime Minister Hristijan Mickoski. The interest rate will be 1.95 percent, which is the lowest in the region and in Europe. Add to that three years in grace period and the maximum 15 years repayment...
Economy 25.11.24 | 22:41

Mickoski: the Hungarian loan will help us prevent spill-over from the automotive crisis in Europe

Prime Minister Hristijan Mickoski said today that he expects the final details of the agreement with the commercial banks for distribution of 250 million EUR to businesses from the Hungarian loan to be made in the coming days. We will support companies who make capital investments, invest in renewable...
Economy 24.11.24 | 20:03

Mickoski: We have an agreement that will unlock 300 million EUR in investments

Prime Minister Hristijan Mickoski announced today that he reached an agreement with the commercial banks for distribution of the Hungarian loan worth that will go directly to businesses. We will have an investment wave worth 300 million EUR. This is a historic agreement, with the lowest interest rate...
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