Category: Economy
Economy 26.09.24 | 06:58

Government Crackdown on Unfair Pricing Practices: Retailers Warned of Strict Penalties

The government will not tolerate any form of unfair practices, and violations will be strictly penalized. Goran Trajkovski, the Director of the State Market Inspectorate, announced in a press conference on Wednesday that over 40 teams and 120 inspectors are actively monitoring compliance across Macedonia....
Economy 23.09.24 | 19:06

Widespread electricity theft uncovered in hotels, businesses across Macedonia

Around 600 users, primarily well-known hotels, restaurants, and other businesses located in central Skopje, Debar Maalo, and along “Macedonia” Street, as well as in Bitola’s Shirok Sokak and other areas across the country, were found to have stolen electricity by tampering with meters...
Economy 23.09.24 | 14:12

Fuel Prices to Rise in Macedonia from Midnight

Starting at midnight, the prices of EUROSUPER BS-95 and EUROSUPER BS-98 gasoline will increase by 1.50 denars per liter, while EURODIESEL (D-E V) and Extra Light Household Oil (EL-1) will see a rise of 0.50 denars per liter, according to the Energy Regulatory Commission. The new price for EUROSUPER...
Economy 23.09.24 | 08:41

Mickoski: Funds from the Hungarian loan will be made available to the businesses in a month

Prime Minister Hristijan Mickoski said that the initial economic indicators for the year are encouraging, and that a true boost is being felt in the second half of the year, when the funds made available through a state-to-state loan from Hungary will be put into effect. Macedonia is lending an initial...
Economy 21.09.24 | 17:33

Mickoski: I expect the Hungarian loan to be put into operation in the second half of October or the first half of November

The first indicators in the economy with the change of government are really surprisingly positive in terms of the growth of industrial production, the manufacturing industry, the growth of GDP, the reduction of inflation… the collection of obligations by the institutions, the Customs, the IRS,...
Economy 21.09.24 | 10:26

Deputy PM Nikoloski: Macedonia Embarks on Major Road and Railway Infrastructure Investment for EU Integration

Macedonia is entering a significant investment phase focused on the construction and modernization of its road and railway networks, aiming to strengthen regional connectivity and accelerate European Union integration, said Deputy Prime Minister and Minister of Transport Aleksandar Nikoloski during meetings...
Economy 21.09.24 | 07:23

Finance Minister Dimitrieska Kochoska Affirms Wage Increase for Teachers and Addresses Loan Controversy

Finance Minister Gordana Dimitrieska Kochoska reaffirmed in Ohrid on Friday that salaries for teachers in elementary and secondary schools will be raised. “We are finalizing the budget, and one of the key elements I support is the salary increase for teachers in both elementary and secondary education....
Economy 20.09.24 | 17:18

The announcement of the autumn basket indicates that rice, flour, pasta, oil, and dairy items would have a narrow margin

Rice, flour, pasta, oil, milk, yogurt, dairy products, vegetables, and fruit are among the 73 items included in the “autumn consumption basket.” The government has decided, following a proposal from the Ministry of Economy and Labor, to cap the gross profit margin for these products at 10%...
Economy 18.09.24 | 17:18

Limit of profit margins for basic food items will be in force for a month, and will be reintroduced periodically

Economy Minister Besar Durmishi today presented the proposal to limit profit margins on a hundred basic food products, that was prepared in talks with the chambers of commerce. The goal of this proposal is to reduce inflation and the prices of food items, which have remained stubbornly high and are approaching...
Economy 18.09.24 | 10:40

Timcho Mucunski and Anna Lührmann Discuss Strengthening Cooperation on European Integration

On Tuesday, Minister of Foreign Affairs and Foreign Trade Timcho Mucunski met with Germany’s Minister of State for Europe and Climate, Anna Lührmann, to discuss bilateral relations and European integration efforts. Both officials expressed satisfaction with the strong bilateral relations, marked...
Economy 16.09.24 | 14:31

Fuel Prices Reduced by Up to 1.5 Denars, According to RKE

The Energy Regulatory Commission (RKE) announced that fuel prices will drop between half and one and a half denars starting at midnight. Eurosuper BS-95 will decrease by half a denar, Eurosuper BS-98 by one denar, and both Diesel and Extra light household oil by one and a half denars. The new prices...
Economy 13.09.24 | 21:20

DPI: Due to school supplies, some dealers face fines and ongoing surveillance

Since the adoption of the Decision on special conditions for the trade of certain goods, specifically school supplies, more than 150 inspections have been conducted, with ongoing investigations due to the extensive documentation and analysis required. The State Market Inspectorate (DPI) reported irregularities...
Economy 12.09.24 | 18:35

Durmishi: Bookshops honour the initiative to lower the cost of school supplies

According to field reports, merchants are adhering to the “Less Costs, More for You” measure. Inspectors will continue monitoring to ensure full compliance across the country, stated the Minister of Economy and Labor, Besar Durmishi. Today, Minister Durmishi, along with Deputy Minister Marjan...
Economy 10.09.24 | 18:49

Tajani: Italy would endeavour to ensure that Macedonia becomes a functional member of the European Union as soon as feasible

Macedonia should become an operational member of the European Union as soon as feasible, according to Antonio Tajani, the vice prime minister of Italy and minister of foreign affairs and international cooperation.In a joint press conference with Timcho Mutsunski, the minister of foreign affairs and...
Economy 10.09.24 | 17:51

From midnight, new prices for gasoline and diesel

As of tomorrow, gasoline and diesel will become cheaper, the Regulatory Commission for Energy and Water Services, RKE, decided today. According to the latest decision, Eurosuper 95 will be cheaper by half a denar and from tomorrow it will be poured for 74 denars a liter. The price of Eurosuper 98 is...
Economy 10.09.24 | 17:41

SSO: Inflation is growing, increased prices of food and soft drinks

Inflation measured through the cost of living index in August compared to July this year was 0.5 percent, the State Statistics Office (SSO) announced today. Retail prices in August compared to July this year increased by 0.5 percent. The cost of living in August this year, compared to August last year,...
Economy 07.09.24 | 08:40

Polish specialists to support State Transport Inspectorate capacity-building

Deputy Minister of Transport Kaltrina Zekolli Shaqiri met on Friday with Poland’s acting Chief Inspector of Road Transport, Artur Czapiewski, and Piotr Wysocki, a representative from the Polish Embassy, to discuss ongoing cooperation between the two countries, particularly in transport policy and...
Economy 06.09.24 | 16:57

Nikoloski: The main priorities of the Government is providing favorable conditions for the use of more affordable air transport

The Ministry of Transport has announced a public call for financial support to introduce new destinations from Skopje International Airport and St. Apostle Paul Airport in Ohrid for the period 2025-2027. As part of the three-year program, funds totaling 360 million denars have been allocated for this...
Economy 06.09.24 | 16:43

Gasoline at a record low price from midnight

The retail price of EUROSUPER BS-95 gasoline is reduced by 2.00 den/liter, in relation to the retail price determined by the decision to determine the highest retail prices of petroleum products and fuels for transportation from 02.09.2024, and thus the retail price of EUROSUPER BS-95 is 74.50 den/liter. The...
Economy 05.09.24 | 15:31

Prime Minister Mickoski Announces €250 Million Infrastructure Fund for Municipalities

Prime Minister Hristijan Mickoski stated at a press conference today that the public call for municipalities to submit infrastructure project proposals is now open. He mentioned that 250 million euros have been allocated for this purpose, and municipalities, including those within the City of Skopje,...
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