Category: Economy
Economy 09.09.23 | 11:56

August consumer prices up by 8.3 percent annually, retail prices 5.6 percent

According to the State Statistical Office, consumer prices increased by 1.2 percent in August 2023, in comparison with the previous month, while retail prices increased by 1.3 percent. In comparison with August 2022, consumer prices grew by 8.3 percent, while retail prices grew by 5.6 percent. An increase...
Economy 08.09.23 | 14:25

Train drivers end boycott, freight transport to resume Thursday evening, passenger transport on Tuesday

Staff at the state-owned railway company met Thursday with the company’s management and agreed to resume rail freight transport on Thursday evening and passenger transport on Tuesday next week. Staff representative Toni Dimovski told MIA that an agreement has been reached to suspend the boycott which...
Economy 07.09.23 | 17:04

SSM: August consumer basket at MKD 49,345

A family of four in the country needed MKD 49,345 (EUR 801) to cover the minimal consumer basket in August, said the Federation of Trade Unions of Macedonia (SSM) on Thursday. SSM added that although the inflation has slowed down, the August consumer basket has increased by MKD 725 (EUR 12) compared...
Economy 07.09.23 | 16:45

The government adopted the draft budget rebalancing: More money for wages, pensions, welfare aid…

The item of public sector wages will increase by MKD 4.25 billion (EUR 69 million), an additional MKD 3.5 billion (EUR 56.8 million) will be allocated for pensions, another Mden 800 million (EUR 13 million) for agriculture subsidies, as well as more funds for the health and education sector, said Finance...
Economy 07.09.23 | 14:09

The mechanization for the construction of Corridor 8 is on its way to the country, the works will start September 12

The first Vice-PM Artan Grubi announced from Tetovo on Thursday that the mechanization which will be used on constructin of the Highway Corridor 8 is on its way to Macedonia. At the beginning of June, the government already marked the start of the works, but only on geomechanical studies. “On the...
Economy 06.09.23 | 09:11

Discussions begin on a law for minimum pensions

The Labour and Welfare Ministry will convene its group set to negotiate a law on a minimum pension. The request was put forward by retiree groups, who insist that the recipients of lower pensions can’t survive under these inflation levels. Minister Jovanka Trencevska said that the group will review...
Economy 05.09.23 | 12:05

Vitse Zaev bought an electricity company from Boro “Malboro”

The construction company owned by ex-PM Zoran Zaev’s brother, Vitse, Total Engineering bought last week the electricity production and distribution company Bojana Energy from the former SDSM mayor Boro Stojchev, known as ” Boro Marlboro” because he was caught smuggling Marlboro...
Economy 04.09.23 | 21:21

German BMZ group will open a large battery plant near Skopje

German manufacturer of batteries BMZ group will open a large factory in Skopje. The company will hire 755 people who will work on production of lithium ion batteries, and the investment is valued at 65 million EUR. The contract was signed today in Frankfurt.
Economy 03.09.23 | 20:12

Tobacco harvest is 30 to 40 percent lower than last year

Tobacco farmers say that their harvest is down by 30 to 40 percent compared to last year. The reason is the rain that hit during the planting season and the drought right before harvest. “We have tobacco of excellent quality but the quantity will be much smaller than last year, despite the expansion...
Economy 01.09.23 | 13:36

AirBaltic will enter the Macedonian market with a new seasonal airline Skopje – Riga

The leading Baltic airliner, the Lithuanian company AirBaltic will introduce an airline between Skopje and Riga starting with the 2024 summer season, TAV Airports informed today. The Macedonian capital will be connected to the Lithuanian twice a week, from May 3 until September 30. Tickets for these...
Economy 01.09.23 | 13:27

Lidl to build a logistical center near Kumanovo

The German company Lidl will build a logistical center in the industrial development zone near Kumanovo, the Kumanovo municipality informed on Friday, after selling 17 hectares of land to the supermarket chain. Lidl offered the best price out of three competitors for the same site. The German company...
Economy 30.08.23 | 14:48

Macedonian Organization of Customers demands a freeze of the basic foodstuff prices

The prices of the basic foodstuff must be frozen, the Macedonian Organization of Customers (MOC) demands. According to MOC Chairperson Marijana Lonchar Velkova, the foodstuff takes an enormous piece of the average Macedonian family’s budget, and any rise in the prices falls exclusively on the customers’...
Economy 30.08.23 | 13:41

Over 60% of the citizens dissatisfied by the public services

A total of 37% of Macedonian citizens are not satisfied with the water distribution, while 62% demand better electricity distribution, the latest poll by the Macedonian Organization of Customers (MOC). According to MOC Chairperson, Marijana Lonchar Velkova, the citizens are also dissatisfied with the...
Economy 30.08.23 | 12:43

An average Macedonian family spends around 40% of its budget on food

The Macedonian citizens spend around 40% of their monthly income on food, with 60% on other necessities, such as utilities, education, culture, and tourism, the RIA Rating Agency poll found, analyzing 40 European countries based on last year’s statistical data. The poll also found that Macedonians...
Economy 29.08.23 | 19:47

Copper mining company warns the country could be forced to pay a billion EUR in damages over canceled project

Zivko Gruevski, representative of the Euromax Resources company, warned that they want to avoid taking the country to court but if they do – “our lawyers assure us it would be the easiest case they ever had”. The company was in advanced preparations to build a large copper mine near...
Economy 28.08.23 | 14:36

Miteva: The rise of prices is enormous, the citizens pay the bill

Economic collapse, high inflation, and rise in prices is the SDS and DUI economic policy. Some people in Macedonia are making huge profits at the citizens’ expense, while the government is completely clueless as to what to do, despite that it is the government’s responsibility to stop, or...
Economy 26.08.23 | 17:23

Macedonia may be forced to pay over 1.3 billion EUR in damages for canceled projects

Macedonia stands to pay over 1.3 billion EUR in various lawsuits against companies who sought to do business here but were blocked. The usual pattern is the one where a project planned by the previous VMRO-DPMNE led Government was blocked by the SDSM – DUI coalition. The largest of these is the...
Economy 26.08.23 | 16:39

All railway traffic stopped because of unpaid salaries

Rail transport through Macedonia has stopped since yesterday evening. The Macedonian Railways union began protests after they were not given the second half of their July salaries. The protest includes both passenger and cargo trains. Toni Dimovski, union representative, said that they will remain on...
Economy 25.08.23 | 13:28

A new hotspot for mumps plague registered in Delchevo

A new hotspot of mumps plague was registered in the Delchevo region village of Trabotivishte. The Agency for Food and Veterinary Services team and competent local institutions are already at the scene and implementing the necessary measures to control and prevent the spreading of the disease. According...
Macedonia Economy 25.08.23 | 13:17

A DUI ex minister’s nephew won a tender to refurbish a sports hall for 1.8 million euros!

According to the document published on the Public Procurement web page, a construction company from the Tetovo region village of Zhelino won an incredible €1.8 million to refurbish a sports hall that will serve the pending OSCE ministerial conference in December 2023. The money, which will be transferred...
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