Category: Economy
Economy 28.11.23 | 08:43

Diesel prices drop

The Energy Regulatory Commission announced a reduction in retail prices for gasoline fuels and diesel starting midnight on Monday. EUROSUPER BS-95 will be priced at Mden 79.5 per liter, EUROSUPER BS-98 at Mden 81.5, and EURODIESEL at Mden 76.5. Additionally, Mazut M-1 will decrease by Mden 0.256, priced...
Economy 26.11.23 | 18:46

Mickoski: VMRO will increase all pensions by 5,000 denars

VMRO-DPMNE President Hristijan Mickoski announced that the next VMRO led Government will increase retirement incomes by 5,000 denars – for all retirees regardless of their current incomes. This is in contrast with the current Government’s insistence of increasing the incomes proportionately,...
Economy 25.11.23 | 11:22

Land meant for manufacturing plants will be repurposed for solar panels

The TIRZ directorate for subsidized industrial zones issued a call for companies who want to set up solar power plants in the still unused land in the zones. The TIRZ zones are meant for manufacturing plants, usually by foreign investors who receive preferential tax treatment and subsidies – a...
Economy 17.11.23 | 17:50

Bulgaria’s transit tariff on Russian gas will be eliminated by Macedonia using all legal means: PM

Prime Minister Dimitar Kovachevski labeled Bulgaria’s transit tax on Russian gas exceeding EUR 10 per megawatt-hour as illegal. He asserted that Macedonia intends to utilize all available legal avenues to eliminate this tax. Speaking at a press conference in Belgrade alongside Serbian Prime Minister...
Economy 14.11.23 | 11:37

The sixth annual e-commerce conference’s opening speech is given by President Pendarovski

The sixth annual e-commerce conference’s opening speech is given by President Pendarovski. The most advanced technologies of the digital era are at our disposal. We have a vast area of untapped potential for economic expansion and advancement. President Stevo Pendarovski said in his opening remarks...
Economy 14.11.23 | 08:52

In September, Macedonia receives 90,031 foreign visitors.

According to the most recent data given by the State Statistical Office, Macedonia welcomed 124,800 tourists in September 2023, of whom 34,769 (27.9%) were domestic tourists and 90,031 (72.1%) were international tourists. According to the press release, “there were 256,831 nights spent in September...
Economy 13.11.23 | 11:52

PM Kovachevski will attend the Vienna Economic Forum for the twentieth time

Prime Minister Dimitar Kovachevski is slated to participate in the 20th jubilee edition of the Vienna Economic Forum on Monday. The agenda indicates that PM Kovachevski will address the panel session on the continuation of building economic bridges amid challenging times. He will be joined by Prime Minister...
Economy 12.11.23 | 21:47

Mickoski announces reductions in the salaries of state officials

VMRO-DPMNE President Hristijan Mickoski announced that the next Government, which he expects to lead, will reduce the salaries of state officials, that were recently increased by whopping 78 percent. The DUI – SDSM coalition used a legal move to increase the salaries citing an order of the Constitutional...
Economy 10.11.23 | 17:50

Diesel costs Mden 2.5 less now

The Energy Regulatory Commission (ERC) announced that as of Friday at midnight, the retail prices of EURODIESEL and extra light household oil will decrease by Mden 2.5, while the prices of EUROSUPER BS-95 and EUROSUPER BS-98 will not change. Extra light home oil will cost Mden 77.50 per liter, while...
Economy 08.11.23 | 00:11

Kosharac – Nikolovski: Prepared to impart IPARD knowledge to Bosnia and Herzegovina

Minister of Agriculture, Forestry, and Water Economy, Ljupcho Nikolovski, convened with Bosnia and Herzegovina’s Minister of Foreign Trade and Economic Relations, Stasa Kosarac, during the annual meeting of agriculture and rural development ministers in Southeast Europe held on Tuesday in Jahorina. According...
Economy 07.11.23 | 16:46

The Finance Ministry reports that demand for the popular bond was 80% more than the amount suggested.

The Ministry of Finance has reported that the demand for the second issue of the popular bond exceeded expectations, with an impressive 80 percent increase over the proposed amount. According to a press release, the popular bond’s second issue has been completed successfully. During the auction...
Economy 06.11.23 | 17:30

Lower costs for diesel and gasoline

The Energy Regulatory Commission announced that effective of Monday at midnight, the price of gasoline fuels will decrease by Mden 0.5 per liter, while the price of diesel fuel will decrease by Mden 1. The new retail prices for EUROSUPER BS-95, BS-98, and EURODIESEL are Mden 81, Mden 83, and Mden 80.5...
Economy 02.11.23 | 19:54

Kovacevski and Grubi are eyeing the stalled Kicevo – Ohrid highway

Prime Minister Dimitar Kovacevski and his powerful deputy Artan Grubi announced a new move – to try to cancel the contract to build the Kicevo – Ohrid highway, with the Chinese Sinohydro company. The long delayed 40 kilometer highway that is a key in the country’s south-west was started...
Economy 30.10.23 | 11:52

The head of the Energy Regulatory Commission (ERC) assures that the heating price will rise by no more than five percent

Marko Bislimovski, President of the Energy Regulatory Commission (ERC), has announced that the price of heating in Skopje will see a limited increase, not exceeding five percent, starting from November 1. In an interview with Sitel, Bislimovski explained that this increase would translate to approximately...
Economy 30.10.23 | 09:36

Pendarovski Holds Meeting with Von der Leyen to Discuss Reforms and Negotiation Stages Following Screening Process

On Sunday evening, President Stevo Pendarovski held a meeting with European Commission President Ursula von der Leyen during her visit to Macedonia. The discussions centered on the European Union accession negotiations, the political landscape within the country, and ongoing regional developments.
Economy 29.10.23 | 12:35

“Balkan Constitutional Courts Forum Launches with Macedonia’s Court as a Founding Member”

Dobrila Kacarska, the President of Macedonia’s Constitutional Court, signed a Memorandum of Understanding on behalf of the Court, officially establishing the Balkan Constitutional Courts Forum. This forum includes the constitutional courts of Bulgaria, Albania, Montenegro, Kosovo, and Turkey. The...
Economy 28.10.23 | 10:46

Diesel price drops by Mden 2, other fuels unchanged

Starting from Friday midnight, the retail price of EURODIESEL is slated to decrease by Mden 2, as announced by the Energy Regulatory Commission (ERC). Meanwhile, the prices of EUROSUPER BS-95, EUROSUPER BS-98, extra light household oil, and Mazut M-1 will remain unchanged. As per the ERC’s decision,...
Economy 25.10.23 | 14:45

Besimi has reported real wage increases since April, but the impact of the crisis is still evident, and challenges persist

Finance Minister Fatmir Besimi revealed that real wages have been on the rise since April. He noted that the repercussions of the crisis are not exclusive to the citizens of the country but are being felt in Europe and around the world. Besimi also highlighted the persistence of challenges, particularly...
Economy 25.10.23 | 12:13

A resolution regarding heating prices is anticipated by the end of October, with the new pricing structure set to take effect starting in November

The Energy Regulatory Commission (ERC) is set to reach a decision on the pricing of heating in Skopje by the end of this month, with the new pricing structure scheduled to come into effect from November, confirmed ERC President Marko Bislimoski. Bislimoski elaborated on a recent meeting with the three...
Economy 25.10.23 | 12:05

Kavadarci retirees organize a subsequent demonstration, issuing warnings of potential roadblocks at the exit to Negotino

Once more, retirees from Kavadarci congregated in the town square, expressing their discontent with inadequate pension payments. They fervently called for a 5,000 denar increment in pensions and the establishment of a national minimum pension of 20,000 denars.
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