Category: Economy
Economy 26.09.23 | 09:26

The government decides today whether we will drink cheaper juices and alcohol

The government is expected to make a decision today to lower beverage prices. By the end of the week, the analysis is set to be completed, and government measures will encompass hygiene products as well. Markets that failed to comply with guaranteed food product prices, in effect since last week, have...

Economy 25.09.23 | 17:06

Fuel prices will change starting at midnight

From midnight, Eurosuper BS-95, Eurosuper BS-98 and diesel will be cheaper by one and a half denar, the Energy Regulatory Commission decided today. With that, the new price of Eurosuper BS-95 will be 89 denars per liter, Eurosuper BS-98 will be sold at a price of 91 denars per liter, while the price...

Economy 23.09.23 | 16:27

The pensioners have the full support of VMRO-DPMNE said Mickoski

During his visit to the municipality of Brvenica today, Hristijan Mickoski, the president of VMRO-DPMNE, addressed a journalist’s inquiry concerning the ongoing pensioners’ protests regarding their pensions. In response to authorities claiming that there is no place for a solution, Mickoski...

Economy 22.09.23 | 19:40

The Macedonian economy generated a record USD 229 million in the first half of 2023.

In the second quarter of 2023, tourism revenue increased by 28 percent over the same period in 2022, or by USD 136 million for the Macedonian economy. Compared to 2022, the two quarters of 2023 experience a 24 percent gain. According to a press release from the Agency for Promotion and Support of Tourism...

Economy 22.09.23 | 19:32

Salaries in primary and secondary education will receive a 15 percent higher in September

In September, salaries for workers in primary and secondary education will experience a 15 percent increase. The accord was sealed last Friday by Jakim Nedelkov, the president of the Independent Trade Union for Education, Science, and Culture (SONK), and Jeton Shaqiri, the Minister of Education and Science. Announcing...

Economy 22.09.23 | 19:30

Pendarovski at UNGA 78: Internal UN reforms are required; renewed and strengthened multilateralism is the only true response to current dangers.

Each year, at this moment, the global spotlight shifts towards the grandest assembly where political leaders from various nations expound upon their aspirations for the future. In the current year, the attention directed at all of us is possibly more profound than in any previous instance. This heightened...

Economy 21.09.23 | 17:46

Peppers from Macedonia with a banned toxic pesticide were imported into Croatia

Residues of the pesticide formethanate were found in pepper from Macedonia. The risk is serious, Croatian media reports. Yesterday, the presence of the banned toxic pesticide was immediately reported in the European rapid alert system in the food trade, the Danica website reports. The pesticide was detected...

Economy 21.09.23 | 09:05

The price of oil is rising unstoppably

Gas prices will probably reach $100 a barrel this month for the first time in 2023. Rising demand for flights in the US, Europe and, more recently, China, has fueled even more growth in jet fuel prices, tracked by the Energy Information Administration (EIA). Prices averaged $3.07 a gallon in late August,...

Economy 20.09.23 | 11:55

Beverages prices will be reduced next week – Bekteshi

The Minister of Economy, Kreshnik Bekteshi, informed on his Facebook profile today that the prices of non-alcoholic and alcoholic beverages will decrease by 10 percent in the coming period. –Decreasing the prices of non-alcoholic and alcoholic beverages! Today I received several letters from our...

Economy 18.09.23 | 15:30

The German pharmacy chain Rosman enters in Macedonia and Montenegro

The oldest pharmacy chain in Europe, the German pharmacy chain Rossman plans to expand its retail network in the Balkans by entering the markets of Montenegro and Macedonia, writes the German Wirtschaftsforum. Rossmann recently announced record sales growth of 12.15 billion euros last year. They also...

Economy 16.09.23 | 21:40

Skopje: Heating prices will be known only after it’s clear whether the key gas plant is operational

The Regulatory Energy Commission (RKE) said that it will determine the price of heating in Skopje for the coming winter season only after it is clear whether the TE-TO plant and its delivery system is operational. The combined electricity-heating plant is supplied by Russian natural gas, whose supply...

Economy 15.09.23 | 19:24

Inflation watch: Another gas price hike

Another gas price hike was announced today – if the diesel and Eurosuper BS-95 gas went up by about two denars per liter yesterday, today the Eurosuper BS-98 will go up by the same amount. The new price of the unleaded blend will be 92.5 denars per liter, determined the Regulatory Energy Commission.

Economy 15.09.23 | 13:36

Kovachevski’s government created a budget hole of half a billion euros

The government led by Dimitar Kovachevski created a budget hole amounting to €500 million, which resulted from the desperate situation of the Macedonian economy. DUI and SDS are trying to cover that with new loans. The public debt passed the psychological limit of eight billion euros and will continue...

Economy 15.09.23 | 11:03

The construction of the hydro power station Chebrene will finally begin, an investment amounting to one billion euros

Upon the international call to tender for the construction of one of the largest energy projects in the country’s history,  the Government of  Macedonia at its 185th session on Thursday,  adopted a decision enabling the realization of the reversible hydropower plant Chebren. The estimated value...

Economy 14.09.23 | 22:33

Government plans to mandate price reduction for 50 products

Economy Minister Kreshnik Bekteshi said that the Government will impose lower prices on food items comparable to the period before the latest price spike in August and September. We will not use the September prices as point of reference. We will reduce prices by 10 percent, but from the level of previous...

Economy 14.09.23 | 22:10

Only 360 people applied to work on the Bechtel highway sites

Only 360 people submitted their applications to the Bechtel company, that is seeking 2,000 workers now, and will seek thousands more as its large highway project hopefully progresses in the future. Prime Minister Dimitar Kovacevski revealed this lack of interest during the latest groundbreaking ceremony...

Economy 14.09.23 | 18:58

Inflation watch: Fuel prices will spike again

Fuel prices will spike again this evening. Diesel will go up by 2.5 denars per liter and the Eurosuper BS-95 unleaded fuel will go up by 2 denars, as will light heating oil. Diesel will now be sold for 86 denars per liter, and the Eurosuper BS-95 – for 90 denars.

Economy 14.09.23 | 13:43

Bekteshi: The supermarkets agreed to reduce the foodstuff prices

Following Thursday’s meeting with the representatives of the largest supermarket chains in the country, Economy Minister Kreshnik Bekteshi informed that they reached a joint conclusion that there is a lot of room to reduce the food prices, both as a gesture of goodwill and as a social responsibility,...

Economy 14.09.23 | 11:29

Will the ban on discounts freeze the food prices?

The Ministry of Economy has proposed a ban on promotional sales by all retail chains in the country until November 30, while next week it will propose that the Government caps the prices of products from the food industry. This, according to Economy Minister Kreshnik Bekteshi, will lead to a linear reduction...

Economy 13.09.23 | 20:21

In unusual move, the Economy Ministry bans supermarket discounts

Economy Minister Kreshnik Bekteshi today announced an unusual decision to ban market chains from organizing promotional sales with discounts for the consumers. According to Bekteshi, this is part of a planned move to increase prices of food and basic consumer items, arranged between the owners of the...

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