Category: Economy
Economy 30.08.23 | 13:41

Over 60% of the citizens dissatisfied by the public services

A total of 37% of Macedonian citizens are not satisfied with the water distribution, while 62% demand better electricity distribution, the latest poll by the Macedonian Organization of Customers (MOC). According to MOC Chairperson, Marijana Lonchar Velkova, the citizens are also dissatisfied with the...
Economy 30.08.23 | 12:43

An average Macedonian family spends around 40% of its budget on food

The Macedonian citizens spend around 40% of their monthly income on food, with 60% on other necessities, such as utilities, education, culture, and tourism, the RIA Rating Agency poll found, analyzing 40 European countries based on last year’s statistical data. The poll also found that Macedonians...
Economy 29.08.23 | 19:47

Copper mining company warns the country could be forced to pay a billion EUR in damages over canceled project

Zivko Gruevski, representative of the Euromax Resources company, warned that they want to avoid taking the country to court but if they do – “our lawyers assure us it would be the easiest case they ever had”. The company was in advanced preparations to build a large copper mine near...
Economy 28.08.23 | 14:36

Miteva: The rise of prices is enormous, the citizens pay the bill

Economic collapse, high inflation, and rise in prices is the SDS and DUI economic policy. Some people in Macedonia are making huge profits at the citizens’ expense, while the government is completely clueless as to what to do, despite that it is the government’s responsibility to stop, or...
Economy 26.08.23 | 17:23

Macedonia may be forced to pay over 1.3 billion EUR in damages for canceled projects

Macedonia stands to pay over 1.3 billion EUR in various lawsuits against companies who sought to do business here but were blocked. The usual pattern is the one where a project planned by the previous VMRO-DPMNE led Government was blocked by the SDSM – DUI coalition. The largest of these is the...
Economy 26.08.23 | 16:39

All railway traffic stopped because of unpaid salaries

Rail transport through Macedonia has stopped since yesterday evening. The Macedonian Railways union began protests after they were not given the second half of their July salaries. The protest includes both passenger and cargo trains. Toni Dimovski, union representative, said that they will remain on...
Economy 25.08.23 | 13:28

A new hotspot for mumps plague registered in Delchevo

A new hotspot of mumps plague was registered in the Delchevo region village of Trabotivishte. The Agency for Food and Veterinary Services team and competent local institutions are already at the scene and implementing the necessary measures to control and prevent the spreading of the disease. According...
Macedonia Economy 25.08.23 | 13:17

A DUI ex minister’s nephew won a tender to refurbish a sports hall for 1.8 million euros!

According to the document published on the Public Procurement web page, a construction company from the Tetovo region village of Zhelino won an incredible €1.8 million to refurbish a sports hall that will serve the pending OSCE ministerial conference in December 2023. The money, which will be transferred...
Economy 24.08.23 | 11:50

The Berovo pensioners continued their protests, demand a linear raise of MKD3,500

Gathering near Berovo’s memorial to the fallen fighters of World War II, Berovo pensioners continued their protests over pensions even on Aug. 23, Berovo Liberation Day, according to MIA’s Berovo correspondent. During an event celebrating Berovo Liberation Day, the protesters met with Berovo...
Economy 23.08.23 | 09:33

Government Minister demands answers after the latest increase of the price of bread

Agriculture Minister Ljupco Nikolovski accused the baking industry of unfairly increasing the price of bread, even though it was able to purchase grains at a discounted price. The raw material was made available at half price this year. It would be fair to avoid speculations and to avoid price fixing....
Economy 22.08.23 | 19:10

Dimitrieska: The 100 million EUR credit line for ELEM will not go toward investments, but for operating costs and imported electricity

VMRO-DPMNE official Gordana Dimitrieska Kocoska accused the Government of inflicting a serious wound on the budget, with the latest 100 million EUR credit line for the ELEM/ESM state owned power company. The money will mainly go toward import of electricity from abroad, as domestic production faltered...
Economy 22.08.23 | 09:12

A year later, no sign of the e-car factory in Tetovo

The site of the much hyped factory for production of electric vehicles near Tetovo today remain empty, with just one hole meant to be used for a concrete post reminding people of the grand announcements. Prime Minister Dimitar Kovacevski and all the Government officials from DUI attended the opening...
Economy 21.08.23 | 18:16

Average net salary in June at MKD 36.527

The average monthly net wage paid per employee in June was MKD 36.527 and has grown by 14.6 percent compared to June 2022, said the State Statistical Office on Monday. According to the State Statistical Office, the increase is a result of the increase of the average monthly net wage in the sectors: construction...
Economy 19.08.23 | 18:43

The price of homemade cheese will go up

The producers of homemade cheese with no additives and in a natural environment announced that they will raise the price of their product by about 30% – from MKD500 to MKD700. Among the reasons for the raise are the lack of workers and climate change. Young people decline to work in animal husbandry,...
Economy 15.08.23 | 13:52

Minister of Labor: Any unreasonable increase of the pensions would endanger the stability of the Fund

Minister Trenchevska said that their demands would be reviewed both by the Ministry of Labour and Social Policy and at a government session, adding that their demands for a linear increase are unconstitutional, and the demand for a minimum pension of 18,000 denars is not fair to the pensioners who are...
Economy 14.08.23 | 20:21

Pensioners present their demands to the Government

Representatives of protesting retirees met today with Labour and Welfare Minister Jovanka Trencevska to present their demands. The protesters want an equal, linear increase or retirement incomes by over 50 EUR (3,500 denars) and setting the minimum pension at 18,000 denars – instead of the current...
Economy 14.08.23 | 12:29

Brako to build Bechtel&Enka workers ‘camp

The factory Brako from Veles offered to build the camp for workers near Gostivar, for the needs of the construction company Bechtel & Enka, which will accommodate thousands of workers. Brako offered the construction of 104 prefabricated housing containers, with all accompanying utilities. The...
Economy 14.08.23 | 12:10

VMRO-DPMNE: The people are getting poorer every day, real salaries have decreased by 5.2%

The people’s standard of living is drastically diminishing, and the real value of the salaries has fallen by 5.2%, VMRO-DPMNE informs on Monday. “The real value of the series, the pensions, and other people’s incomes has decreased. Macedonia faced one of the largest inflation shocks...
Economy 14.08.23 | 09:29

Protest of pensioners in Skopje

Organizations of retirees will hold a protest in Skopje, to demand a more equitable and larger increase of their pensions. Recipients of lower pensions are angry at the Government as it plans to hand out an increase of just 6.8 percent – far below the rate of inflation – that will be divided...
Economy 12.08.23 | 21:29

A year later, still no sign of the e-car plant in Tetovo

VMRO-DPMNE spokesman Naum Stoilkovski called out the Government for the obviously false promises that a plant for assembly of electric vehicles will be built near Tetovo. The opening of the plant was announced by DUI and SDSM party officials, and it was supposed to be built by a company linked to powerful...
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