Category: Economy
Economy 21.10.24 | 19:45

SDSM calls for a steep increase in the minimum wage

SDSM leader Venko Filipce came out with a proposal that the minimum wage is increased to 27,700 denars (from the current level of 22,500 denars – or about 350 EUR). In these conditions of major economic uncertainty, as a responsible opposition party we are proposing changes to the law on the minimum...
Economy 19.10.24 | 22:46

Mickoski: We stopped the economic free-fall

The economic situation is stabilizing and its free-fall has been stopped, said Prime Minister Hristijan Mickoski during a public event today. He was responding to allegations from SDSM member of Parliament Fatmir Bytyqi, who described the economic situation in Macedonia as disastrous, after the country...
Economy 18.10.24 | 17:17

Huge German wind investment coming to Kumanovo

A large new wind park worth 400 million EUR will be built in the area between Kumanovo and Kriva Palanka, said Prime Minister Hristijan Mickoski following his return from Germany. The Prime Minister said that the wind park will be a German investment, and that two other manufacturing investments will...
Economy 18.10.24 | 08:59

Government extends application deadline for the municipal infrastructure funds

The Government has extended the deadline for municipalities to apply for local infrastructure funds until mid November. While most of the municipalities were well prepared to apply for the 250 million EUR that are made available with the help of a Hungarian state loan, some major municipalities were...
Economy 17.10.24 | 11:41

Macedonia commits to the eastern railway project, asks that Bulgaria does the same

Macedonian representatives told the European Commission that Macedonia is committed to building the Corridor 8 railway section to Bulgaria, and insisted that the plans are reworked and Bulgaria begins work on its end as well. The move comes after Macedonia pulled out of the existing project, where the...
Economy 15.10.24 | 19:12

Prime Minister Mickoski presents investment potential before German companies

Prime Minister Hristijan Mickoski met with the German Chamber of Commerce and held a lecture to present the economic plans and energy potential of Macedonia before would-be investors. Besides the companies that are already present on our domestic market, additional companies expressed interest to invest...
Economy 14.10.24 | 19:06

Rise in revenue collection opens doors to salary increases, Finance Minister says

Finance Minister Gordana Dimitrieska – Kocoska said that the increase in revenue will help increase public sector salaries in the future. She pointed to the nearly 10 percent increase in Customs Office revenue as evidence that the institutions are now managed much better and that corruption is...
Economy 13.10.24 | 11:37

EU approves 750 million EUR growth plan for Macedonia

The European Union approved its growth plan for the Balkans, worth 6 billion EUR. Of that money, 750 million will go to Macedonia, dependent on continued reforms. Support for the EU integration of the Western Balkans remains a key priority for the Hungarian Presidency, the EU Presidency said in a statement. Macedonia...
Economy 12.10.24 | 12:30

VMRO: SDSM and DUI left money in the budget only for half of 2024

The budget is unrealistically projected, and the previous Government left funds only for half of 2024, said VMRO-DPMNE in a statement. SDS and DUI planned the budget only for half of the year, and not for the whole of 2024. This leaves the new Government no room to maneuver. 83 million EUR will go to...
Economy 10.10.24 | 18:03

Businesses will begin to receive funds from the Hungarian loan after New Year

Funds provided to Macedonia by Hungary through a bilateral loan will be made available to businesses after New Year. A total of 250 million EUR from the half a billion EUR loan are earmarked for support for businesses, and they will be distributed through the publicly run Development Bank of Macedonia. I...
Economy 09.10.24 | 19:34

ESM: SDSM has no right to blame others for the problems of the energy sector

REK Bitola, Macedonia’s largest coal plant, closed down yesterday with all three of its generators put offline. The opposition SDSM party issued a statement condemning the recently appointed new management of the plant, prompting a scathing response from ESM/ELEM, the company that manages state...
Economy 08.10.24 | 21:00

Finance Minister signs loan agreement with Hungary

Today in Budapest, Finance Minister Gordana Dimitrieska – Kocoska signed the loan agreement with the Hungarian ex-im bank for 500 million EUR. The funds will be made available for local infrastructure development in Macedonia and to support private businesses. These funds are badly needed to our...
Economy 07.10.24 | 17:19

Young people will get gadget vouchers and business support funds

The 2025 budget will include vouchers of 250 EUR that can be used by young people to buy electronic devices and 10 million EUR in support programs for youth owned businesses, said Prime Minister Mickoski today. The vouchers will go to the purchase of phones, computers or tablets, which are needed to...
Economy 06.10.24 | 21:45

Mickoski announces support for youth owned businesses

Prime Minister Hristijan Mickoski announced the creation of a fund worth 10 million EUR that will be used used to support businesses owned by young people aged 18 to 29. Depending on their business plans, that will be evaluated under strict criteria by officials from several institutions, the fund will...
Economy 06.10.24 | 15:35

New fuel prices tomorrow

On Monday, the regular session of the Energy Regulatory Commission is held, when new fuel prices are expected to be determined. Currently, Brent oil has jumped to $78 on world markets, due to the war in the Middle East. The new prices, which are more likely to be higher, will be announced tomorrow at...
Economy 05.10.24 | 20:56

Prime Minister Mickoski Highlights Savings from Autumn Basket and Low Inflation as Key to Improving Citizens’ Standard of Living

Prime Minister Hristijan Mickoski believes that the introduction of the autumn consumption basket has helped reduce the prices of certain products, particularly those made from cereals, by around 10 percent. He added that the student discount, which reduced the prices of some items by as much as 20 to...
Economy 04.10.24 | 21:01

On October 8, the Hungarian loan agreement will be signed in Budapest

The contract for the Hungarian loan in the amount of 500 million euros will be signed in Budapest next Tuesday. The Minister of Finance Gordana Dimitrievska-Kochovska said today that she will travel to Budapest on October 8. – I am leaving on October 8 and the loan will be signed in Budapest that...
Economy 04.10.24 | 06:58

FM Mucunski: Despite Unjust Obstacles, Our Commitment to EU Integration Remains Firm

Macedonia’s Foreign Minister, Timcho Mucunski, addressed the Autumn Session of the Parliamentary Assembly of the Council of Europe (PACE) in Strasbourg this week, emphasizing the ongoing challenges in the country’s journey toward European Union integration. Despite North Macedonia’s...
Economy 02.10.24 | 21:23

Aleksandar Nikoloski at a working meeting with the executive director of Wizzair

Deputy Prime Minister and Minister of Transport Aleksandar Nikoloski held a working meeting with the executive director of the Hungarian airline wizz air, Jozef Varady. The meeting discussed the previous cooperation between wizz air as a beneficiary of the financial support for the introduction of airlines...
Economy 01.10.24 | 09:42

Customs Agents Thwart Smuggling Attempts Involving Prescription Drugs, Luxury Goods, and Foreign Currency

Over the past week, customs agents intercepted several smuggling attempts involving prescription drugs, luxury items such as iPhones and Rolex watches, foreign currency, cosmetics, and other contraband, according to a press release from the Customs Administration. During an inspection of a bus with...
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