Category: Economy
Economy 24.08.24 | 08:36

Minister Bozhinovska meets representatives of the US Embassy

Sanja Bozhinovska, the Minister of Energy, Mining and Mineral Raw Minerals, held discussions with representatives of the US Embassy in Skopje about the state of the state-owned joint stock companies, ESM, and MEPSO, with a focus on strengthening and expanding the current gas infrastructure and preparing...
Economy 23.08.24 | 18:44

AD ESM’s new Management Board has been named

The Supervisory Board of AD ESM, following a recommendation from the Government, has appointed a new Management Board for the company. Lazo Uzunchev, a mechanical engineer with extensive experience in managerial roles within the private sector, has been named President of the Management Board and General...
Economy 23.08.24 | 17:52

Fuels become cheaper by two denars

Fuels will become cheaper by two denars per liter starting at midnight tonight, according to a decision made today by the Regulatory Commission for Energy, Water Services, and Municipal Waste Management Services (RKE). This decision reduces the retail prices of petroleum products by an average of 2.12...
Economy 22.08.24 | 19:09

Mickoski: I understand the need for salary increases, for unions not to fall prey to SDSM’s political campaigns

I listened to the statement from the president of the union and can confirm that I was informed by the Ministry of Finance and the minister that everything was done in accordance with the law during the rebalancing process, so there should be no doubt in this matter. I was surprised, however, by the...
Economy 22.08.24 | 07:55

The average salary at Mden in June was 41.939

The average monthly net wage paid in June was Mden 41,939, reflecting a 14.8 percent increase compared to the same month in 2023. Data from the State Statistical Office attribute this rise to higher average net wages paid per employee in several sectors: Financial and insurance activities (24.6%), Administrative...
Economy 22.08.24 | 07:45

Bloc 1 of REK Bitola is unavailable owing to a problem with MEPSO’s system

Around 2:00 PM on Wednesday, REK Bitola’s Bloc 1 was shut down because a 110 kV transmission line in MEPSO’s system went down. Power Plants of North Macedonia (ESM) stated in a press release that Bloc 1’s regular operation was interrupted at a critical juncture because it was unable...
Economy 20.08.24 | 17:46

The minimum union basket in August is more expensive by 629 denars compared to July and now amounts to 61,199 denars

The minimum monthly expenses for a family increased by MKD 629 in August compared to July, the Union of Trade Unions of Macedonia (SSM) announced today. The SSM, which prepares the union’s minimum basket, calculated that in August, the value of the minimum basket reached MKD 61,199. From January...
Economy 20.08.24 | 09:07

Price increase for diesel but not for other fuels

The Energy Regulatory Commission (ERC) announced that starting of Monday at midnight, the price of diesel will increase by Mden 0.5, while the pricing of other fuels will stay the same. The new retail prices for EURODIESEL and extra light household oil are Mden 71.5 and Mden 71 per litre, respectively....
Economy 20.08.24 | 07:37

Durmishi – Ulusoy: Fostering corporate collaboration to increase trade

Besar Durmishi, the Minister of Economy and Labour, met with Turkish Ambassador Fatih Ulusoy on Monday to discuss enhancing economic relations between the two nations. In a press release from the Ministry of Economy and Labour, Minister Durmishi expressed gratitude to the ambassador for Türkiye’s...
Economy 15.08.24 | 07:48

National Bank contributes to international guide on climate-related disclosures for central banks

Within its membership in the International Network for Greening the Financial System (NGFS), experts from the National Bank participated in developing the second edition of the *Guide on Climate-Related Disclosure for Central Banks*. The guide outlines four key areas for integrating climate risks into...
Economy 14.08.24 | 23:02

Nikoloski: No young couple can afford a new apartment in downtown Skopje

Families from the interior can’t afford to move to Skopje – you have to sell a house in the countryside to afford a studio in the capital, said Deputy Prime Minister Aleksandar Nikoloski in an interview. Macedonia saw a dramatic spike in real-estate prices in the past several years, especially...
Economy 14.08.24 | 19:18

LIDL faced problems with the previous government

Prime Minister Mickoski had a meeting with part of the management of LIDL today. He wrote after the meeting that the company faced numerous problems with the previous government and that the current government will do everything in its power to open the first markets soon.
Economy 14.08.24 | 09:27

Government extends state of crisis due to wildfires, increases budget for firefighting, and revokes notary fee hike

In yesterday regular session, the government decided to extend the national state of crisis due to the ongoing wildfires, increase the budget for the Protection and Rescue Directorate to fight the fires, and repeal the decision to raise notary fees, effective from June 6. After reviewing reports from...
Economy 13.08.24 | 10:03

Dimitrieska-Kochoska: The optimal model is a linear growth in pensions, and the minimum wage should be determined by realistic standards

Finance Minister Gordana Dimitrieska-Kochoska stated on Sitel TV that the initial budget lacked legally required provisions, but the revised budget now includes them and addresses many overdue obligations. She assured that funds are available for salaries, pensions, and municipal needs. Dimitrieska-Kochoska...
Economy 13.08.24 | 09:00

Conference: Creating the environment for a better future at home is essential, and young people should actively participate in decision-making

Young people should be prioritized by decision-makers at both local and national levels, considering their needs and interests. With increasing youth emigration, it’s crucial for the state to take action to reverse this trend, as highlighted during the ‘Friend to the Youth – Youth Participation...
Economy 12.08.24 | 18:48

The Parliament adopted the rebalancing of the Budget

This afternoon, with 67 votes in favor, seven against, and without a single abstention, the Assembly adopted the rebalancing of the Budget for 2024. With this rebalancing, total revenues are planned at 318.2 billion denars, which is 2.6 percent more than the initial projections. Total expenditures are...
Economy 12.08.24 | 18:38

New reduction in fuel prices from midnight

The Regulatory Commission for Energy, Water Services and Municipal Waste Management Services has adopted a Decision reducing the retail prices of petroleum products by an average of 0.85% compared to the decision of August 5, 2024. The retail prices of EUROSUPER BS-98 gasoline and EURODIESEL (D-E V)...
Economy 12.08.24 | 18:28

From September, a linear increase in pensions by MKD 2,500, in March by even more

With the rebalancing of the Budget for 2024, five billion denars are provided for pensions or 2,500 denars plus for 300,000 pensioners. From September, all pensioners will receive 2,500 denars linearly, and it will not be a one-time aid, but a systemic solution with which, including the increase from...
Economy 10.08.24 | 16:02

The Government notifies that Afrona Verizvoli, who was appointed, will be relieved of her duties as the IPA funds auditor tomorrow

The Government notifies that Afrona Verizvoli, who was appointed, will be relieved of her duties as the IPA funds auditor tomorrow.They continue by saying that they see the focus being shifted to other subjects “as an escape from responsibility for such abuses.” – The government’s...
Economy 09.08.24 | 09:36

SONK Disagrees with Education Minister’s Wage Increase Announcement, Says Union Leader Jakim Nedelkov

The statement made by the Minister of Education and Science regarding a wage increase of 10 to 12 percent in the education sector by March 2025 does not reflect the views of the Independent Union of Education, Science, and Culture (SONK), according to Jakim Nedelkov, the union’s leader. In a Facebook...
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