Category: Economy
Economy 13.03.24 | 21:07

Bytyqi: Some businesses will maintain guaranteed prices, and laws will offer systemic solutions

On Wednesday, Deputy Prime Minister for Economic Affairs, Fatmir Bytyqi, expressed confidence that the prices of food products have normalized following the conclusion of the Government’s “guaranteed price” initiative. Some companies have pledged to maintain these capped prices until...
Economy 13.03.24 | 18:02

A law on unfair commercial practices is adopted by parliament.

The Parliament passed the Law on Unfair Commercial Practices in the agricultural and food supply chain, aiming to regulate trade practices and potentially lower product prices. This legislation, which addresses 26 unfair practices, marks a first for the country and seeks to prevent economic imbalances...
Economy 12.03.24 | 12:07

Zaev’s company has accumulated millions in debts due to unpaid VAT and profit tax

Sara-Javor Engineering DOO from Strumica, owned by Vice Zaev, the brother of the former Prime Minister and SDSM leader Zoran Zaev, is listed among debtors for unpaid value-added tax (VAT) and profit tax, as revealed in today’s publication by the IRS. The company owes the state 5,884,888 denars...
Economy 12.03.24 | 11:13

Report on road conditions

Nationwide reports indicate wet roads with moderate traffic in rural areas, and border crossings are experiencing no delays. Starting from November 15, 2023, winter equipment in vehicles is mandatory until March 15, 2024, regardless of the weather conditions. From December 11 onwards, lane shifts and...
Economy 11.03.24 | 20:50

After a cyberattack, the MEPSO website is back up

Following a cyberattack last week, the website of the Republic of Macedonia’s MEPSO Electricity Transmission System Operator is back up. The state-owned business acknowledged that it had been the target of a cyberattack on March 7 but emphasized that there had been no threat to the reliability...
Economy 10.03.24 | 18:24

Tomorrow RKE is expected to announce the new fuel prices in Macedonia

Tomorrow RKE is expected to announce the new fuel prices in Macedonia. On the world stock exchanges, oil hovers around 81 dollars per barrel for the Brent type and is decreasing. These are the current prices EUROSUPER BS – 95 83 den/l EURODIESEL BS (D-E V) 77 den/l EUROSUPER BS – 98 85 den/l The...
Economy 10.03.24 | 18:16

The construction of the ‘Konsko’ dam has been officially concluded, earning recognition as the ‘country’s largest project in the last 50 years

The recently completed “Konsko” dam, hailed as the country’s largest project in the past 50 years, will annually irrigate over 6,500 hectares, expanding arable land fivefold. The project, funded with over EUR 40 million from the Ministry of Agriculture, Forestry, and Water Economy,...
Economy 09.03.24 | 23:30

German electric cars company promoted by DUI and SDSM goes into bankruptcy, 900 jobs won’t be coming to Tetovo

The Macedonian Government announced that it is ending a dubious contract with the e.GO company that promised to build a factory for electric cars near Tetovo. The ostensibly German company was under clear influence of the ruling DUI party, and a powerful local businessman – Lazim Destani, head...
Economy 08.03.24 | 19:05

Bochvarski: Attempting to thwart the MEPSO hack

Transport and Communications Minister Blagoj Bochvarski announced on Friday that concerted efforts are underway to overcome a cyberattack on the Electricity Transmission System Operator of North Macedonia (MEPSO), with the aim of restoring the company’s regular operations. Minister Bochvarski briefed...
Economy 08.03.24 | 18:23

Heads of the data warehouse and risk management departments in Macedonia and Korea launch the project

The commencement of the project for the implementation of a risk management and data warehouse system, supported by a $4.8 million grant from the Republic of Korea, promises to bolster revenue collection in the Budget. This infusion of funds is expected to have a positive impact on crucial sectors such...
Economy 07.03.24 | 22:42

Cyberattack targets MEPSO, but the power grid and supply of electricity are unaffected

The Electricity Transmission System Operator of the Republic of North Macedonia (MEPSO) has confirmed that it is currently addressing a cyberattack. However, the company emphasized in a press release on Thursday that the cyber incident did not target its critical energy infrastructure, ensuring that...
Economy 07.03.24 | 08:25

The authority of free zones will work with JETRO to support Japanese investment

On Wednesday, the Free Zones Authority and JETRO (Japan External Trade Organization) formalized a Memorandum of Cooperation, signaling a commitment to enhance investment opportunities between Japan and Macedonia. The Japanese delegation, led by Takehiko Matsuo, the Director General of the Trade Policy...
Economy 04.03.24 | 13:49

From midnight: Gasoline is getting more expensive, diesel is getting cheaper

The retail prices for EUROSUPER BS-95 and EUROSUPER BS-98 gasoline have been increased by 0.50 den/liter, as per the decision establishing the highest retail prices for oil derivatives and transportation fuels effective from 26.02.2024. Consequently, the retail price for EUROSUPER BS-95 is now 83.00...
Economy 26.02.24 | 21:55

Fuel prices, including gasoline and diesel, have experienced a decline

Effective from Monday midnight, the price of EUROSUPER BS-98 gasoline is set to decrease by Mden 1 per liter, while EURODIESEL and EUROSUPER BS-95 will witness a reduction of Mden 0.5 per liter, according to the Energy Regulatory Commission (ERC). The revised retail prices will be Mden 84.5 per liter...
Economy 25.02.24 | 20:02

VMRO-DPMNE will make sure that the Bitola coal plant remains open

VMRO-DPMNE will not allow the closure of REK Bitola, Macedonia’s largest coal fired plant, said party leader Hristijan Mickoski during a round table in Bitola, a city whose economy, as the economy of Macedonia, is held together by the plant. Coal mining in Bitola collapsed under the DUI-SDSM Government,...
Economy 24.02.24 | 15:34

In the past 25 months, newly established renewable energy capacities totaling 578.26 MW have been integrated

In the past 25 months, a total of 578.26 MW of new energy capacities derived from renewable sources have been successfully integrated, generating electricity that can meet the average consumption needs of approximately 185,000 households, as reported by the Energy Regulatory Commission (ERC) on Saturday. ERC...
Economy 24.02.24 | 11:22

The Government is trying to close down the Kicevo power plant

VMRO-DPMNE warns about a new contract signed by the ELEM/ESM energy producing company, that points out to plans to shut down the second largest coal plant in Macedonia. The contract is signed with the Bitola based Markovski company, which is winning major contracts with ELEM linked to the Bitola coal...
Economy 23.02.24 | 22:15

Diesel becomes cheaper by two denars

The Energy Regulatory Commission has announced a reduction in the retail price of EURODIESEL (D-E V) by 2.00 dinars effective from midnight. As a result, one liter of EURODIESEL will now cost 78.50 dinars. It’s important to note that the retail prices of EUROSUPER BS-95 and EUROSUPER BS-98 gasolines,...
Economy 22.02.24 | 18:01

Mazut price up, fuels unchanged

Effective from Thursday midnight, the Energy Regulatory Commission announced an upcoming increase in the retail price of Mazut M-1, with a rise of Mden 1.020 per kilogram. Consequently, the new cost per kilogram for Mazut M-1 will be Mden 42.901. However, there are no adjustments to the prices of Eurosuper...
Economy 20.02.24 | 20:00

Consumer basket for February at Mden 57.479

According to the Federation of Trade Union (SSM) on Tuesday, a family of four in North Macedonia required Mden 57.479 to cover the minimal consumer basket in February, an increase of Mden 313 from January. Food and drink costs account for Mden 21.219 of this total, with utility costs (such as water,...
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