Category: Economy
Economy 26.10.21 | 21:19

Nikoloski: Macedonia faces rolling blackouts just as winter is about to start

VMRO-DPMNE Vice President Aleksandar Nikoloski campaigned in Bitola today together with the party’s mayoral candidate Toni Konjanovski, ahead of one of the key races in the second round of the elections. With reserves of coal at the strategically important REK Bitola power plant apparently all...
Macedonia Economy 25.10.21 | 18:22

Zaev’s Government assures households that there will be enough electricity for the winter

The Zaev Government issued a statement assuring the citizens that they will not face blackouts amid serious warnings that the energy reserves are almost gone. Mismanagement in the REK Bitola plant, which is apparently left without enough coal and is running at minimum capacity, and the low water levels...
Economy 25.10.21 | 13:11

Fuel prices remain unchanged

As of Monday midnight, the prices of gasoline and diesel fuels remain unchanged, the Energy Regulatory Commission (ERC) said. The price of EUROSUPER BS 95 is MKD 76.50 per liter, that of EUROSUPER BS 98 is MKD 78.50 per liter. The extra light household fuel is MKD 68.50 per liter. The price of EURODIESEL...
Macedonia Economy 21.10.21 | 10:07

Fuel prices are set to go over 80 denars per liter

Gas prices are set to go over 80 denars per liter, the VMRO-DPMNE party warned, as inflation continues to erode living standards. Prices of milk, meat, cooking oil, flour and other staples have gone up 20 percent since last year. Life gets more expensive and incomes remain the same. Fuel prices are set...
Economy 19.10.21 | 18:04

Government lifts the limit on the number of customers seated at one table in restaurants

The Macedonian Government at Tuesday’s regular session, among other things, in accordance with the current epidemiological situation in the country, adopted amendments to the covid protocols for the operation of cafes and restaurants. These amendments lift the limitation of the maximum allowed...
Macedonia Economy 18.10.21 | 12:42

Fuel prices go up again

Fuel prices are set to go up again this evening, the RKE energy regulatory commission informed. The new prices will mean a hike of 1 denar per liter for gasoline and diesel fuels. Eurosuper BS-95 will now cost 76.5 denars per liter, Eurosuper BS-98 will be priced at 78.5 denars and the diesel fuel will...
Economy 16.10.21 | 15:03

Huge electricity price hike expected after New Year’s Eve

Not so long ago, the citizens were “honored” with an increase in electricity prices, which caused great dissatisfaction among the citizens, after which several protests were organized. For the next increase in order not to raise the revolt of the citizens who are already upset by the burden...
Macedonia Economy 15.10.21 | 18:09

Post Office director assures striking workers that their jobs are secure

Jani Makraduli, director of the Macedonian Post company, assured his 2,400 employees and their two unions that the company has enough money to pay out salaries. Makraduli faced a strike this morning because of the delays in paying out the salaries, the low job security, and announcements by the Zaev...
Macedonia Economy 13.10.21 | 20:47

Mickoski: Zaev left Macedonia without coal production as an energy crisis looms

During an interview with Sitel TV, opposition leader Hristijan Mickoski, who is a formed head of the state owned ELEM electricity generating company, warned about the extent of the coming energy crisis. Energy inputs influence prices of all products, from 5 to 90 percent. This will add to the already...
Macedonia Economy 12.10.21 | 19:02

Macedonia will sign on to the US led treaty obliging us to introduce a minimum 15 percent tax rate in 2023

The Finance Ministry announced that Macedonia will sign on to a plan favored by the US, through the OECD, to get developing countries to increase their income tax levels to at least 15 percent. Macedonia saw its manufacturing and IT sectors grow tremendously after it lowered its income tax rate to flat...
Economy 12.10.21 | 09:32

Mickoski: There’s nothing of Zaev’s promises, we are still waiting for the Facebook and Google investments

Across Europe they say he has become one of the richest officials in the Balkans and beyond, and Macedonia is at the very top in terms of misfortune and poverty. We have been waiting for four years for Facebook and Google to come and invest in Macedonia but there is nothing from Zaev’s promises...
Economy 09.10.21 | 12:31

Washington Post: What’s behind Europe’s skyrocketing power prices and which countries are most at risk of running out of power

Europe’s energy ambitions are clear: to shift to a low-carbon future by remaking its power generating and distribution systems. But the present situation is an expensive mess. A global supply crunch for natural gas, bottlenecks for renewable energy and wind speeds in the North Sea earlier in 2021 among...
Economy 09.10.21 | 11:02

VMRO-DPMNE: Inflation announced to grow, prices jump, and Zaev lies that everything is fine

Inflation announced to grow, prices jump, and Zaev lies that everything is fine. The prices of basic products in the last year have increased by up to 20% in retail sales, this should not be said by any research, it is felt and seen by the citizens every day. The Governor of the NBRM, contrary to Zaev,...
Economy 08.10.21 | 18:29

Bislimoski: The attacker should apologize to the institution – the Energy Regulatory Commission, not to me

The director of the Energy Regulatory Commission Marko Bislimoski is still consulting with his lawyers whether to file a private lawsuit against the person who physically attacked him on Tuesday night in a restaurant in Skopje. The procedure is progress, I will consult my lawyers and we will see how...
Macedonia Economy 08.10.21 | 11:01

Inflation fears grow as food prices spike

The poll of inflation expectations prepared by the Macedonian Central Bank (NBRM) shows that the inflation will reach 2.8 percent in 2021, instead of the 2.3 percent that were expected in the previous poll. This is inn line with the wave of retail price hikes that have hit the country, and are made worse...
Economy 07.10.21 | 16:42

Exports rise to 31%, imports up to 34%

According to the preliminary data of the State Statistical Office, the total value of exported goods from the Republic of Macedonia in the period January-August 2021 amounted to EUR 4,562, 214,000, a 31.5% increase compared to the same period last year. The value of imported goods in the same period...
Economy 06.10.21 | 21:56

Zaev: As of January 1, 2022, the average salary will be 500 euros, and the minimum 300 euros

We do not divide the municipalities into big and small, important and unimportant, nor do we divide the people into big and small – important and unimportant, and we have shown that in action, SDSM leader Zoran Zaev, said at Wednesday’s rally in Sveti Nikole. Zaev stressed that everyone...
Macedonia Economy 05.10.21 | 23:44

Komercijalna Bank seized two valuable properties from businessman Trifun Kostovski

Komercijalna Bank seized two valuable real-estate properties from a company linked to businessman Trifun Kostovski, citing claims of 7.3 million EUR in loans. Kostovski’s Eurostandard Bank collapsed last year and Kostovski blamed the managers who, he said, were handing loans to shell companies...
Economy 05.10.21 | 15:32

Has the Prime Minister been to a grocery store? Zaev doesn’t believe that food products are more expensive

The Prime Minister Zoran Zaev, at Tuesday’s press conference said that the claims about a coming increase of up to 50 % in food prices was exaggerated. After this statement, the question arises whether Zaev has been to a grocery store to see the prices of basic products that are needed by every...
Economy 05.10.21 | 14:50

Zaev: Our goal is to motivate young people to open their own business

Prime Minister Zoran Zaev says that the government’s ultimate goal is to provide jobs for all young people, so they are motivated to open their business here in the country, He added that he believed that the country will be an excellent example in the region regarding startups, innovations and...
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