Category: Economy
Economy 07.12.23 | 12:41

Marichikj: This is a critical moment in history, and we must take advantage of it

Deputy Prime Minister for European Affairs Bojan Marichikj anticipates the European Council’s recommendation for the second Intergovernmental Conference, a pivotal step in Macedonia’s EU accession. He emphasizes that the nation’s progress relies on adopting constitutional amendments....
Economy 07.12.23 | 12:13

From March, the government will not be allowed to build highways, schools and kindergartens, which it is not building anyway

The election campaign for the parliamentary elections should start on April 4. According to the recommendations of the OSCE and ODIHR, this means that twenty days before the start of the campaign, the ban on public events such as the commissioning of roads, schools, water pipes, kindergartens, which...
Economy 06.12.23 | 22:53

Penov: Raising municipal revenue to six percent through personal tax and value-added tax is a trend that needs to continue

Minister Risto Penov, speaking at the “Citizens First Shaping Future for Improved Local Services” conference, emphasized the positive trend in fiscal decentralization and the rise in municipal revenues. He highlighted the need to push forward with digitizing local services, aiming for increased...
Economy 05.12.23 | 11:21

Next summer, seasonal flights of the Polish airline “LOT” from Warsaw to Ohrid

According to LOT announcements, the new line from Radom Airport to St. Paul the Apostle Airport is scheduled to start on June 24 and it will fly once a week every Monday until September 23. Tickets for the new flight line are available for online booking. – the airline’s website. Radom Airport...
Economy 04.12.23 | 17:09

Diesel prices decrease by Mden 0.5 and gasoline costs by Mden 1.

According to the Energy Regulatory Commission (ERC), starting of Monday at midnight, the retail prices of gasoline fuels EUROSUPER BS-95 and EUROSUPER BS-98 would decrease by Mden 1, while the price of EURODIESEL and extra light household oil will decrease by Mden 0.50 per liter.
Economy 03.12.23 | 14:26

“The Government impoverished the voters so that it can buy them cheaper”

The recently announced package of crisis economic measures amounts to crumbs that the Government gives to its impoverished citizens, hoping to buy their votes ahead of the elections, says VMRO-DPMNE in a statement. Kovacevski is trying to bribe the voters with 1,000 denars each, while he gave himself...
Economy 01.12.23 | 18:37

Bekteshi will be in the UAE for COP28

Bekteshi will speak at a panel discussion on promoting coal transition sponsored by the Climate Investment Funds (CIF) and introduce Macedonia’s national program to expedite the just energy transition. The Ministry of Economy released a press statement stating that the Economy Minister will also...
Economy 30.11.23 | 18:19

ESM submits an electricity price increase of 7.5 percent at the EVN Home tender

EVN Home, the universal supplier, received only one bid for supplying electricity to the regulated market for the first half of next year. The bid, presented by Power Plants of Macedonia (ESM), offered EUR 57 per MWh, covering 95% of the total quantity—marking a 7.5% increase compared to the previous...
Economy 30.11.23 | 09:50

Cheap electricity during the day, from tomorrow

Starting tomorrow, the cheap daily electricity tariff starts from 13:00 to 15:00. With the introduction of the daily cheap tariff, households will have at their disposal a total of 11 hours of cheap electricity during one day and night from Monday to Saturday and 24 hours on Sunday. The Regulatory Commission...
Economy 28.11.23 | 08:43

Diesel prices drop

The Energy Regulatory Commission announced a reduction in retail prices for gasoline fuels and diesel starting midnight on Monday. EUROSUPER BS-95 will be priced at Mden 79.5 per liter, EUROSUPER BS-98 at Mden 81.5, and EURODIESEL at Mden 76.5. Additionally, Mazut M-1 will decrease by Mden 0.256, priced...
Economy 26.11.23 | 18:46

Mickoski: VMRO will increase all pensions by 5,000 denars

VMRO-DPMNE President Hristijan Mickoski announced that the next VMRO led Government will increase retirement incomes by 5,000 denars – for all retirees regardless of their current incomes. This is in contrast with the current Government’s insistence of increasing the incomes proportionately,...
Economy 25.11.23 | 11:22

Land meant for manufacturing plants will be repurposed for solar panels

The TIRZ directorate for subsidized industrial zones issued a call for companies who want to set up solar power plants in the still unused land in the zones. The TIRZ zones are meant for manufacturing plants, usually by foreign investors who receive preferential tax treatment and subsidies – a...
Economy 17.11.23 | 17:50

Bulgaria’s transit tariff on Russian gas will be eliminated by Macedonia using all legal means: PM

Prime Minister Dimitar Kovachevski labeled Bulgaria’s transit tax on Russian gas exceeding EUR 10 per megawatt-hour as illegal. He asserted that Macedonia intends to utilize all available legal avenues to eliminate this tax. Speaking at a press conference in Belgrade alongside Serbian Prime Minister...
Economy 14.11.23 | 11:37

The sixth annual e-commerce conference’s opening speech is given by President Pendarovski

The sixth annual e-commerce conference’s opening speech is given by President Pendarovski. The most advanced technologies of the digital era are at our disposal. We have a vast area of untapped potential for economic expansion and advancement. President Stevo Pendarovski said in his opening remarks...
Economy 14.11.23 | 08:52

In September, Macedonia receives 90,031 foreign visitors.

According to the most recent data given by the State Statistical Office, Macedonia welcomed 124,800 tourists in September 2023, of whom 34,769 (27.9%) were domestic tourists and 90,031 (72.1%) were international tourists. According to the press release, “there were 256,831 nights spent in September...
Economy 13.11.23 | 11:52

PM Kovachevski will attend the Vienna Economic Forum for the twentieth time

Prime Minister Dimitar Kovachevski is slated to participate in the 20th jubilee edition of the Vienna Economic Forum on Monday. The agenda indicates that PM Kovachevski will address the panel session on the continuation of building economic bridges amid challenging times. He will be joined by Prime Minister...
Economy 12.11.23 | 21:47

Mickoski announces reductions in the salaries of state officials

VMRO-DPMNE President Hristijan Mickoski announced that the next Government, which he expects to lead, will reduce the salaries of state officials, that were recently increased by whopping 78 percent. The DUI – SDSM coalition used a legal move to increase the salaries citing an order of the Constitutional...
Economy 10.11.23 | 17:50

Diesel costs Mden 2.5 less now

The Energy Regulatory Commission (ERC) announced that as of Friday at midnight, the retail prices of EURODIESEL and extra light household oil will decrease by Mden 2.5, while the prices of EUROSUPER BS-95 and EUROSUPER BS-98 will not change. Extra light home oil will cost Mden 77.50 per liter, while...
Economy 08.11.23 | 00:11

Kosharac – Nikolovski: Prepared to impart IPARD knowledge to Bosnia and Herzegovina

Minister of Agriculture, Forestry, and Water Economy, Ljupcho Nikolovski, convened with Bosnia and Herzegovina’s Minister of Foreign Trade and Economic Relations, Stasa Kosarac, during the annual meeting of agriculture and rural development ministers in Southeast Europe held on Tuesday in Jahorina. According...
Economy 07.11.23 | 16:46

The Finance Ministry reports that demand for the popular bond was 80% more than the amount suggested.

The Ministry of Finance has reported that the demand for the second issue of the popular bond exceeded expectations, with an impressive 80 percent increase over the proposed amount. According to a press release, the popular bond’s second issue has been completed successfully. During the auction...
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