Category: Economy
Economy 18.03.24 | 23:17

Gender Equality Alliance: Women held senior management positions in just 21.3% of Macedonian businesses

Presenting the outcomes of the campaign titled “Myth vs. Fact: Uncovering the Truth about Gender Equality” on the occasion of International Women’s Day, Bojana Gjorgieva, the project and marketing coordinator of the Gender Equality Alliance, revealed that only 21.3 percent of businesses...
Economy 18.03.24 | 12:04

Tomorrow, a decision will be made on the prices of petroleum products

The Energy Regulatory Commission will decide tomorrow on the prices of petroleum products. According to the latest decision of RKE, gasoline and diesel fuel became cheaper by half a denar. These are the current fuel prices: EUROSUPER BS motor gasoline – 95 82.50 (denars/liter) Motor gasoline EUROSUPER...
Economy 17.03.24 | 22:18

Postal workers will hold a strike tomorrow

Unions of the Macedonian Post Office announced that they will hold a strike tomorrow, to demand the salary for last month and a more systemic approach to the numerous problems the company is facing. The strike will take place between 8 and 10, at the main office and in all local post offices. The badly...
Economy 15.03.24 | 20:47

According to Minister Bekteshi, the Law on Unfair Commercial Practices will affect roughly 2,300 products on the list

Economy Minister Kreshnik Bekteshi announced on Friday that the inventory of products outlined in accordance with the Law on Unfair Commercial Practices is now complete, encompassing over 2,500 agriculture and food items. This compilation has been promptly dispatched to the business chambers. Bekteshi...
Economy 13.03.24 | 21:07

Bytyqi: Some businesses will maintain guaranteed prices, and laws will offer systemic solutions

On Wednesday, Deputy Prime Minister for Economic Affairs, Fatmir Bytyqi, expressed confidence that the prices of food products have normalized following the conclusion of the Government’s “guaranteed price” initiative. Some companies have pledged to maintain these capped prices until...
Economy 13.03.24 | 18:02

A law on unfair commercial practices is adopted by parliament.

The Parliament passed the Law on Unfair Commercial Practices in the agricultural and food supply chain, aiming to regulate trade practices and potentially lower product prices. This legislation, which addresses 26 unfair practices, marks a first for the country and seeks to prevent economic imbalances...
Economy 12.03.24 | 12:07

Zaev’s company has accumulated millions in debts due to unpaid VAT and profit tax

Sara-Javor Engineering DOO from Strumica, owned by Vice Zaev, the brother of the former Prime Minister and SDSM leader Zoran Zaev, is listed among debtors for unpaid value-added tax (VAT) and profit tax, as revealed in today’s publication by the IRS. The company owes the state 5,884,888 denars...
Economy 12.03.24 | 11:13

Report on road conditions

Nationwide reports indicate wet roads with moderate traffic in rural areas, and border crossings are experiencing no delays. Starting from November 15, 2023, winter equipment in vehicles is mandatory until March 15, 2024, regardless of the weather conditions. From December 11 onwards, lane shifts and...
Economy 11.03.24 | 20:50

After a cyberattack, the MEPSO website is back up

Following a cyberattack last week, the website of the Republic of Macedonia’s MEPSO Electricity Transmission System Operator is back up. The state-owned business acknowledged that it had been the target of a cyberattack on March 7 but emphasized that there had been no threat to the reliability...
Economy 10.03.24 | 18:24

Tomorrow RKE is expected to announce the new fuel prices in Macedonia

Tomorrow RKE is expected to announce the new fuel prices in Macedonia. On the world stock exchanges, oil hovers around 81 dollars per barrel for the Brent type and is decreasing. These are the current prices EUROSUPER BS – 95 83 den/l EURODIESEL BS (D-E V) 77 den/l EUROSUPER BS – 98 85 den/l The...
Economy 10.03.24 | 18:16

The construction of the ‘Konsko’ dam has been officially concluded, earning recognition as the ‘country’s largest project in the last 50 years

The recently completed “Konsko” dam, hailed as the country’s largest project in the past 50 years, will annually irrigate over 6,500 hectares, expanding arable land fivefold. The project, funded with over EUR 40 million from the Ministry of Agriculture, Forestry, and Water Economy,...
Economy 09.03.24 | 23:30

German electric cars company promoted by DUI and SDSM goes into bankruptcy, 900 jobs won’t be coming to Tetovo

The Macedonian Government announced that it is ending a dubious contract with the e.GO company that promised to build a factory for electric cars near Tetovo. The ostensibly German company was under clear influence of the ruling DUI party, and a powerful local businessman – Lazim Destani, head...
Economy 08.03.24 | 19:05

Bochvarski: Attempting to thwart the MEPSO hack

Transport and Communications Minister Blagoj Bochvarski announced on Friday that concerted efforts are underway to overcome a cyberattack on the Electricity Transmission System Operator of North Macedonia (MEPSO), with the aim of restoring the company’s regular operations. Minister Bochvarski briefed...
Economy 08.03.24 | 18:23

Heads of the data warehouse and risk management departments in Macedonia and Korea launch the project

The commencement of the project for the implementation of a risk management and data warehouse system, supported by a $4.8 million grant from the Republic of Korea, promises to bolster revenue collection in the Budget. This infusion of funds is expected to have a positive impact on crucial sectors such...
Economy 07.03.24 | 22:42

Cyberattack targets MEPSO, but the power grid and supply of electricity are unaffected

The Electricity Transmission System Operator of the Republic of North Macedonia (MEPSO) has confirmed that it is currently addressing a cyberattack. However, the company emphasized in a press release on Thursday that the cyber incident did not target its critical energy infrastructure, ensuring that...
Economy 07.03.24 | 08:25

The authority of free zones will work with JETRO to support Japanese investment

On Wednesday, the Free Zones Authority and JETRO (Japan External Trade Organization) formalized a Memorandum of Cooperation, signaling a commitment to enhance investment opportunities between Japan and Macedonia. The Japanese delegation, led by Takehiko Matsuo, the Director General of the Trade Policy...
Economy 04.03.24 | 13:49

From midnight: Gasoline is getting more expensive, diesel is getting cheaper

The retail prices for EUROSUPER BS-95 and EUROSUPER BS-98 gasoline have been increased by 0.50 den/liter, as per the decision establishing the highest retail prices for oil derivatives and transportation fuels effective from 26.02.2024. Consequently, the retail price for EUROSUPER BS-95 is now 83.00...
Economy 26.02.24 | 21:55

Fuel prices, including gasoline and diesel, have experienced a decline

Effective from Monday midnight, the price of EUROSUPER BS-98 gasoline is set to decrease by Mden 1 per liter, while EURODIESEL and EUROSUPER BS-95 will witness a reduction of Mden 0.5 per liter, according to the Energy Regulatory Commission (ERC). The revised retail prices will be Mden 84.5 per liter...
Economy 25.02.24 | 20:02

VMRO-DPMNE will make sure that the Bitola coal plant remains open

VMRO-DPMNE will not allow the closure of REK Bitola, Macedonia’s largest coal fired plant, said party leader Hristijan Mickoski during a round table in Bitola, a city whose economy, as the economy of Macedonia, is held together by the plant. Coal mining in Bitola collapsed under the DUI-SDSM Government,...
Economy 24.02.24 | 15:34

In the past 25 months, newly established renewable energy capacities totaling 578.26 MW have been integrated

In the past 25 months, a total of 578.26 MW of new energy capacities derived from renewable sources have been successfully integrated, generating electricity that can meet the average consumption needs of approximately 185,000 households, as reported by the Energy Regulatory Commission (ERC) on Saturday. ERC...
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