Category: Economy
Economy 24.02.24 | 11:22

The Government is trying to close down the Kicevo power plant

VMRO-DPMNE warns about a new contract signed by the ELEM/ESM energy producing company, that points out to plans to shut down the second largest coal plant in Macedonia. The contract is signed with the Bitola based Markovski company, which is winning major contracts with ELEM linked to the Bitola coal...
Economy 23.02.24 | 22:15

Diesel becomes cheaper by two denars

The Energy Regulatory Commission has announced a reduction in the retail price of EURODIESEL (D-E V) by 2.00 dinars effective from midnight. As a result, one liter of EURODIESEL will now cost 78.50 dinars. It’s important to note that the retail prices of EUROSUPER BS-95 and EUROSUPER BS-98 gasolines,...
Economy 22.02.24 | 18:01

Mazut price up, fuels unchanged

Effective from Thursday midnight, the Energy Regulatory Commission announced an upcoming increase in the retail price of Mazut M-1, with a rise of Mden 1.020 per kilogram. Consequently, the new cost per kilogram for Mazut M-1 will be Mden 42.901. However, there are no adjustments to the prices of Eurosuper...
Economy 20.02.24 | 20:00

Consumer basket for February at Mden 57.479

According to the Federation of Trade Union (SSM) on Tuesday, a family of four in North Macedonia required Mden 57.479 to cover the minimal consumer basket in February, an increase of Mden 313 from January. Food and drink costs account for Mden 21.219 of this total, with utility costs (such as water,...
Economy 19.02.24 | 19:47

The nation may face a pork shortage if preventive measures for African swine fever are not implemented in small farms, according to the workshop

Small pig farms neglecting measures against African swine fever pose a threat to Macedonia’s pork supply, warned participants at a sustainable technical assistance training course hosted by the Food and Veterinary Agency. With 62 registered African swine fever hotspots and over 14,000 culled pigs...
Economy 18.02.24 | 18:36

The Western Balkans Investment Summit 2024 is scheduled for February 26–27 in London

The Western Balkans Investment Summit 2024 is scheduled to take place at the EBRD HQ in London on Monday, 26 February, as announced in a press release by the EBRD. All six heads of government from the Western Balkans region have confirmed their participation in the event. The primary objective of the...
Economy 17.02.24 | 19:03

Despotovski: The gas plant should make steam less expensive

The head of the Directorate for Technological-Industrial Development Zones, Jovan Despotovski, claims in an interview with “Faktor” that the state’s interests will not be compromised by giving Greek Mytileneos the status of a strategic investor. Rather, he claims that the citizens will...
Economy 16.02.24 | 19:42

New fuel prices

The retail price of EUROSUPER BS-98 gasoline will increase by MKD 2.00 from midnight and will cost MKD 85.50 per liter, the Energy Regulatory Commission announced. The retail prices of EUROSUPER BS-95 gasoline, as well as EURODIESEL (D-E V), Extra light household oil (EL-1) and M-1 NS fuel oil, do not...
Economy 14.02.24 | 20:21

The Food and Veterinary Agency creates a protective zone after African swine fever is discovered in a village close to Skopje

The Food and Veterinary Agency responded to African swine fever (ASF) cases in Mralino, Ilinden. A protection zone (3 km) and supervision zone (10 km) were established. The protection zone includes Mralino, Kadino, Idrizovo, Petrovec, and Kjojlija. Culling, disposal, and decontamination are ongoing in...
Economy 13.02.24 | 22:13

Complimentary replacement of driving licenses, vehicle registration certificates, and travel documents for expatriates

Starting Wednesday, the replacement of driving licenses and vehicle registration certificates, as well as travel documents for Macedonian citizens abroad, will be conducted without charge. In countries without diplomatic consular representatives, travel documents will either be made available online...
Economy 12.02.24 | 17:42

Fuel costs increase

Fuel prices are expected to increase by Mden 0.5-1.5 starting at midnight on Monday, according to the Energy Regulatory Commission (ERC). The price of EUROSUPER BS-95 is expected to increase by Mden 0.5, to Mden 81 per liter. EUROSUPER BS-98 will now retail for Mden 83.50 per liter, an increase of Mden...
Economy 10.02.24 | 10:53

Pre-election bribe?: Government is handing out tourism vouchers

Economy Minister Kreshnik Bekteshi is busy issuing tourism vouchers to over 3,500 citizens. The vouchers, worth about 300 EUR, are likely going to be used as one of the bribes for voters in the coming elections, despite the laws stipulating that the Government should not initiate such programs prior...
Economy 08.02.24 | 20:54

After the Greek gas plant controversy, Mickoski comes out with criticism of the proposed solar plant deals

As experts are debating the controversial, last minute attempt of the Government to give a major exclusive energy deal to a Greek company, opposition leader Hristijan Mickoski today came out with criticism of the Government’s solar energy proposals. SDSM and DUI are in a hurry to give Greece a...
Economy 07.02.24 | 18:12

SDSM and DUI are in a hurry to give Greece a major energy contract before the elections

Only months before the elections, the Parliament today approved the initial proposal for another dubious contract with a foreign strategic investor. Greek Mytilineos energy company will receive a contract to build a gas generating power plant near Skopje, which will also supply the city with heating...
Economy 07.02.24 | 14:04

Macedonia’s tourism potential was showcased in Istanbul during EMITT 2024

The Agency for Promotion and Support of Tourism in the Republic of Macedonia showcased the country’s tourism potential at the 27th East Mediterranean International Tourism and Travel Exhibition held in Istanbul, Turkey, on Tuesday. Described as one of the top five travel exhibitions globally, EMITT...
Economy 05.02.24 | 18:37

Prices for gasoline rise while diesel declines

The Energy Regulatory Commission (ERC) announced that as of Monday midnight, the price of diesel will decrease by Mden 0.5, while the price of gasoline and extra light household oil will increase by Mden 1 per liter. EUROSUPER BS-95, EUROSUPER BS-98, and EURODIESEL will all retail for Mden 80.5, 82.5,...
Economy 05.02.24 | 18:29

Free “NMK” car stickers will be distributed to citizens

The Ministry of Interior announced in a press release on Monday that stickers bearing the “NMK” designation for car registration plates will be given away for free to the public.
Economy 03.02.24 | 17:19

SDSM and DUI created 56 new public institutions

Stefan Andonovski, the interim Deputy Minister for public administration appointed by VMRO-DPMNE, disclosed the expansion of the public sector over the past two terms of SDSM and DUI. After seven years of “optimization and reorganization” of the public service by SDSM and DUI, the number...
Economy 31.01.24 | 16:32

National Bank: The interest rate is still 6.30 percent

The National Bank’s Operational Monetary Policy Committee decided to maintain the current interest rates—6.30% on CB bills, 4.20% for overnight loans, and 4.25% for seven-day loans. The supply of CB bills at regular auctions remains at Mden 10 billion. This decision, coupled with reserve requirement...
Economy 29.01.24 | 19:58

Elena Petrova assumed the position of additional deputy minister of finance

The newly appointed Additional Deputy Minister of Finance in the transitional government, Elena Petrova, assumed office today. She received a warm welcome from the Minister of Finance, Fatmir Besimi, and the Deputy Minister of Finance, Filip Nikolovski. The Ministry of Finance, through a post on its...
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