Category: Economy
Economy 20.07.24 | 18:40

Tens of millions meant for pensions and subsidies are missing from the budget

The budget lacks 5 billion denars (90 million EUR) earmarked for retirees and 3.7 billion denars meant for farm subsidies, warned Prime Minister Hristijan Mickoski, who discussed the dire condition of public finances. The previous Government paid out a pension for the previous fiscal year. They forgot...

Economy 17.07.24 | 17:21

620 Million Denars Cut from COVID-19 Measures, Announces Finance Minister

The Minister of Finance, Gordana Dimitrieska Kochoska, announced today that 620 million denars have been cut from the COVID-19 measures in the Budget created by the previous Government. As Dimitrieska Kochoska stated at a press conference, the COVID-19 measures should no longer exist because the pandemic...

Economy 16.07.24 | 21:26

Mickoski: We inherited a mess in the public finances

Prime Minister Hristijan Mickoski announced an investigation into the dire situation of the public coffers, which was assessed after the change of Government. We have a disastrous situation in the public budget. It’s as if they made a budget meant to last just six months, and tried to leave as...

Economy 16.07.24 | 13:50

The prices of products and services used in agricultural production decreased

The prices of products and services used in agricultural production (preparation, fertilizer, labor, etc.) in June decreased by 0.1%, while the prices of products (the total value of all goods and services produced in agriculture) increased by 0.3%. This is shown by data from the State Statistics Office. In...

Economy 15.07.24 | 17:30

Fuel is getting cheaper

The Regulatory Commission for Energy, Water Services and Municipal Waste Management Services has adopted a Decision with which the retail prices of petroleum products are reduced by an average of 1.69% compared to the decision of 11.7.2024. From midnight, EUROSUPER BS-95 and EUROSUPER BS-98 gasolines...

Economy 15.07.24 | 13:41

Mickoski: The loan from Hungary is an open line, at the moment we only need 500 million EUR

Prime Minister Hristijan Mickoski said that the financial cooperation agreement with Hungary is flexible and that Macedonia can make additional loans, after initially agreeing on a state-to-state loan of 500 million EUR. Mickoski was asked why was the loan reduced, after he was announcing a loan of a...

Economy 14.07.24 | 15:15

REK Bitola is expected to reconnect to the grid today after operating one bloc

Power Plants of North Macedonia (ESM) reported that one bloc of the mining-energy complex (REK) Bitola is operational following Friday’s disruption from the national power grid. “Later yesterday afternoon, Bloc 1 was activated. Bloc 1’s boiler developed an issue as a result of the...

Economy 13.07.24 | 16:52

AJet arrives in Skopje after taking off from Sabiha Gökçen Airport in Istanbul.

AJet, a low-cost airline under Turkish Airlines, made its inaugural flight from Sabiha Gökçen Airport in Istanbul to Skopje International Airport land on Saturday.

Economy 12.07.24 | 18:24

Toshkovski: Criminal complaint against the organizational director of Toxicology, Besija Ilyazi

The Department for the Suppression of Organized and Serious Crime, the Corruption Unit in cooperation with the Criminal Police Department, filed a criminal complaint against B.I. (29) from Tetovo, due to the existence of a well-founded suspicion that she committed the crime of “abuse of official...

Economy 12.07.24 | 11:07

Nikoloski: These 500 million euros are intended for c and for the municipalities

These are some of the best terms that can be obtained and let the citizens think about whether anyone can get such terms from any bank, pointed out Aleksandar Nikoloski, Deputy Prime Minister and Minister of Transport, speaking about the 500 million euros that Macedonia will receive them as a loan from...

Economy 11.07.24 | 21:38

There is no change in fuel prices

The Regulatory Commission for Energy, Water Services and Municipal Waste Management Services of the Republic of Macedonia (RKE) has adopted a Decision reducing the retail prices of petroleum products by an average of 0.41% compared to the decision of 7/8/2024. The reference prices of oil derivatives...

Economy 11.07.24 | 17:12

Macedonia and Hungary conclude a special economic partnership

Macedonian Prime Minister Hristijan Mickoski met with the Hungarian Prime Minister Viktor Orban during the NATO summit in Washington. Mickoski informed that they have concluded an agreement to form a special economic partnership between the two countries. We had an exceptionally good and fruitful meeting...

Economy 10.07.24 | 18:02

The Kicevo-Ohrid highway will be operational by the end of 2026

The Minister of Transport, Aleksandar Nikoloski, announced today that the work on the Kicevo-Ohrid highway and the start of the construction of the highway from Kicevo to Bukojčani will be suspended. He expects the road from Prilep to Gradsko to be completed soon and plans to devote himself seriously...

Economy 09.07.24 | 18:00

Angelovska-Bežoska: Joining SEPA leads to cheaper and faster cross-border payments in euros

The National Bank is preparing to submit to the European Payments Council the application for the country’s accession to the Single Euro Payments Area (SEPA), which will enable citizens and companies to receive cheaper and faster cross-border payments in euros. SEPA is an initiative of the European...

Economy 08.07.24 | 20:32

New higher fuel prices from midnight

The Regulatory Commission for Energy, Water Services and Municipal Waste Management Services of the Republic of Macedonia (RKE) today made a decision on the retail prices of petroleum products, which will come into force at midnight on July 9. The retail prices of EUROSUPER BS-95 and EUROSUPER BS-98...

Economy 05.07.24 | 08:30

First meeting of the Crisis Management System Coordination and Management Steering Committee (CMC)

The Steering Committee for Coordination and Management of the Crisis Management System held its first session on Thursday at the Crisis Management Center (CMC). Key government officials attended, including the Minister of Interior Panche Toshkovski, the Minister of Foreign Affairs and Foreign Trade Timcho...

Economy 03.07.24 | 13:27

Janevska: The previous Government did not print a single textbook for the seventh grade

If we had a magic wand, we as the Government cannot manage to provide textbooks for the seventh grade until September. No 7th grade textbooks are available for printing. Some have not been approved, some have not passed peer review, and some have not even been written. So, although the previous management...

Economy 02.07.24 | 09:15

Wasteful spending: 30 person delegations were sent to Brussels, where just two would have been enough

Newly elected Finance Minister Gordana Dimitrieska – Kocoska revealed details of profilgate public spending in the previous years. In a TV interview, she said that the Government still has an outlay for Covid management. The European Affairs Secretariat, she added, would organize conferences in...

Economy 30.06.24 | 20:30

Miteva: The investment of 450 million euros in the Wind Park will produce electricity for over 100,000 households

The VMRO-DPMNE government started the mandate with new measures and projects. In addition to raising pensions by 5,000 denars, an investment of 450 million euros was announced in the first week of the mandate in the Wind Park in Eastern Macedonia, Marija Miteva, spokesperson, MP and member of the IC...

Economy 28.06.24 | 18:15

Chinese bank approves loan for the Kicevo – Ohrid highway

The Chinese EXIM bank approved the last tranche of the loan needed to build the Kicevo – Ohrid highway. The loan was agreed as part of the renegotiations led by the Zaev Government with China, which failed to move forward the long delayed construction. The new Government announces that finishing...

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