Category: Economy
Economy 30.09.24 | 19:56

New Heating Season Set to Begin on October 15 Amid Challenges

The new heating season is scheduled to officially begin in two weeks, on October 15. Citizens whose homes rely on district heating are looking forward to warm radiators and consistent, high-quality service, regardless of the severity of the upcoming winter. The Regulatory Commission for Energy, Water...
Economy 29.09.24 | 15:39

New law to limit profit margins goes into effect

Deputy Economy Minister Marjan Risteski expects to see a reduction in grocery prices in November, after the Government moved to ban unfair trade practices, and ordered a reduction in the profit margin for over 2,500 products. The new law goes into effect today, and it limits the profit margin to 5 percent,...
Economy 29.09.24 | 13:56

Tripunovski: rice prices have still not been set

Agriculture Minister Cvetan Tripunovski said that the regulated price of rice for the current harvest has still not been set. The Government decided to have the Agency for Commodities Reserves change its bylaws and programs for 2025, and it will purchase rice to stock up our reserves. Initial indications...
Economy 27.09.24 | 15:33

Hungary and Macedonia Strengthen Economic Ties with €500 Million Loan to Support Reforms and Growth

Hungary is our strong European partner in our efforts to achieve macroeconomic stability, in the implementation of internal reforms, as well as a strong supporter of our Euro-Atlantic integration. The bilateral loan of 500 million euros with favorable conditions is a step in the advancement of cooperation....
Economy 27.09.24 | 15:09

High-Speed Railway Connecting Macedonia to Central Europe Discussed at Key Meeting Between Macedonian and Hungarian Ministers

The construction of a high-speed railway on Corridor 10 and the high-quality connection of Skopje with Budapest—linking Macedonia via high-speed rail with Greek ports and Central European countries—was the main topic of the meeting between the Deputy Prime Minister and Minister of Transport of Macedonia,...
Economy 27.09.24 | 13:41

Orban: We are lending you European, not Chinese funds

Hungarian Prime Minister Viktor Orban dismissed media speculation that the loan Hungary is extending to Macedonia is coming from China. We can not give you a Chinese loan. We have an agreement with China that all of their funds in Hungary are used for specific projects. We can and we are giving you European...
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...
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