Category: Economy
Economy 29.01.24 | 18:28

New fuel price

Starting from Monday midnight, there will be an increase of Mden 1.5 per liter in the prices of gasoline, diesel fuels, and extra light household oil, as announced by the Energy Regulatory Commission (ERC). As per the latest decision from ERC, the new retail price for Eurosuper BS – 95 will be Mden...
Economy 29.01.24 | 18:25

An attempt to smuggle items worth almost half a million denars is thwarted by customs

Customs officials successfully thwarted two illicit activities involving the smuggling and evasion of customs duties, as well as an attempt to illegally export goods, last week. The Customs Administration announced on Monday that products valued at Mden 273,000 (EUR 4,437) were seized in the first case,...
Economy 28.01.24 | 14:38

New fuel price

Tomorrow, the Energy Regulatory Commission is expected to announce the new fuel prices. At the moment, the price of Brent oil on the world stock exchanges is $83 per barrel. And currently in Macedonia, fuel is dispensed at the following prices: EUROSUPER BS – 95 76.5 den/l EURODIESEL BS (D-E V) 73.5...
Economy 26.01.24 | 19:17

Data protection requires both technological adaptation and legal harmonization

The event ‘Empowering Judiciary and Safeguarding Youth in the Digital Age,’ organized by the Center for Legal Research and Analysis and the Macedonian Young Lawyers Association, focused on the harmonization of laws, monitoring technological developments, regulatory accountability, and raising...
Economy 26.01.24 | 18:57

In 2023, licenses for 399 MW of installed photovoltaic capacity were granted

The Energy Regulatory Commission (ERC) has reported a significant surge in the issuance of licenses for photovoltaic systems aimed at generating clean energy through solar power in 2023. According to a press release, licenses were granted for a total installed capacity of nearly 399 MW, marking a remarkable...
Economy 24.01.24 | 21:24

“Lidl” begins building a logistics and distribution hub close to Kumanovo

German retail chain “Lidl” has initiated preparations for the construction of an EUR 80 million logistics and distribution center in the Rechica industrial zone in Kumanovo. The project, expected to generate over 150 jobs, was announced at an event attended by government representatives,...
Economy 24.01.24 | 19:23

Thursday’s resignations of Kovachevski and Xhaferi, Friday’s election of a new Speaker, and Sunday’s caretaker government session

The session for the election of the caretaker government in North Macedonia is scheduled for Sunday, following the resignations of Prime Minister Dimitar Kovachevski and Parliament Speaker Talat Xhaferi on Thursday. Xhaferi, who is the designated caretaker Prime Minister, informed reporters that the...
Economy 23.01.24 | 22:28

November 2023: Mden’s average net salary was 38,359

According to a news statement issued by the State Statistical Office on Tuesday, the average monthly net wage paid per employee in November 2023 was Mden 38,359, which represents a 16.2 percent increase over November 2022. This increase is due to increases in the average monthly net wage paid to employees...
Economy 23.01.24 | 22:24

An additional link with Greece is planned, and work on an interconnector with Albania is also ongoing

Economy Minister Kreshnik Bekteshi envisions the country leading the region in investments related to battery systems for electricity storage. Speaking at a panel during Tuesday’s “A Year of European Opportunities” conference, he highlighted that such investments are outlined in the...
Economy 23.01.24 | 08:39

Government prolongs the price restrictions on essential food items until the conclusion of February

During a session on Monday, the Government made the decision to prolong the enforcement of price caps on various essential commodities. These include rice, flour, bread, baked goods, biscuits, wafers, pasta, meat, meat products, milk, eggs, white cheese, yellow cheese, other dairy products, as well as...
Economy 22.01.24 | 17:30

Airport traffic at Skopje and Ohrid increased by 33% in 2023

TAV Macedonia, the operator responsible for Skopje International Airport and St. Paul the Apostle Airport in Ohrid, has reported a remarkable surge in passenger traffic for the year 2023. Compared to the previous year, there was a notable 33% increase, and when contrasted with the reference year in aviation,...
Economy 22.01.24 | 17:20

Gas costs have somewhat increased

Starting from midnight on Monday, the Energy Regulatory Commission (ERC) has announced an increase in fuel prices. Gasoline and diesel fuels will see an uptick of Mden 1.5 per liter, while extra light household oil will experience an increase of Mden 1. Under the new pricing structure, the retail cost...
Economy 22.01.24 | 10:25

The IRS disputes the claims and tries to disseminate rumors about crimes done in the organization that were made by VMRO – DPMNE

The Public Revenue Administration refutes the allegations made by VMRO – DPMNE and dismisses attempts to propagate speculations. The institution asserts that the statements by VMRO-DPMNE spokesperson Naum Stoilkovski, regarding purportedly committed crimes related to a VAT refund, are entirely...
Economy 21.01.24 | 12:20

Company from Strumica collected millions from the tax authority, before being sold to a businessman from Kosovo

VMRO-DPMNE named one of the companies at the heart of the growing scandal in the UJP tax authority, which has reportedly allowed reimburesment of taxes to companies that cited false turnover. AKTIKO, a company registered for trade with textiles in Strumica in 2022, sought 10.5 million EUR in reimbursements...
Economy 20.01.24 | 17:58

VMRO reveals tax fraud scheme leading to companies in Strumica

VMRO-DPMNE Vice President Gordana Dimitrieska Kocoska revealed a new scandal involving abuses in the UJP tax authority. According to Dimitrieska, a number of companies registered in Strumica – the stronghold of former SDSM party leader Zoran Zaev – were recently set up and immediately began...
Economy 16.01.24 | 14:28

The National Bank improves its ability to identify fake currency

In a recent press release, the National Bank announced that over 200 employees from commercial banks and financial institutions have undergone training conducted by experts in counterfeit money detection. The primary objective of this training is to equip cash handlers with the skills to promptly identify...
Economy 16.01.24 | 11:59

President Pendarovski during the Davos annual meeting of the WEF

President Stevo Pendarovski is set to participate in the 54th Annual Meeting of the World Economic Forum (WEF) in Davos on January 16-17, centered around the theme “Rebuilding Trust.” The President is slated to join sessions such as “Diplomatic Dialogue on Western Balkans,” engage...
Economy 15.01.24 | 16:20

Gasoline prices are decreasing, while diesel prices are on the rise

Gasoline is cheaper by half a denar, and diesel fuel, on the other hand, is more expensive by one denarius from yesterday, the Regulatory Commission for Energy (RKE) informs. With the new decision of RKE, the price of diesel fuel will be 73.5 denars per liter, the price of Eurosuper 95 will be 76.5 denars...
Economy 15.01.24 | 16:12

PRO prevents fraudulent activity related to VAT refund for oil companies

On Monday, the Public Revenue Office (PRO) disclosed detailed information regarding the deceptive practices employed by oil companies to secure a Value Added Tax (VAT) refund through personal income tax channels. The PRO conducted audits on three companies engaged in wholesale and retail trade of oil...
Economy 12.01.24 | 19:12

Bytyqi expects information on the universal electricity supplier to be available within the next 10 days

The opening and evaluation of bids to determine their compliance with conditions will take place today. Regarding the tender for the universal electricity supplier, Deputy Prime Minister for Economic Affairs Fatmir Bytyqi stated on Friday that they are unaware of potential applicants. Responding to a...
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