A Bulgarian company, disguised through a Swiss company through the Cayman Islands, bought the company that owns the Ilovica-Shtuka mine, Euromax Resources in Macedonia, and the Macedonian budget was damaged by not paying a fee of 7% of the value of the concession, the Facebook group “Zdrava kotlina” reacted. 

The Facebook group points out that the Macedonian budget is damaged by several million euros due to evasion of payment of public duty in the amount of 7% of the value of the concession in accordance with Article 49 paragraph 15 which regulates the change of ownership structure that individually or collectively changes the management package, that is, it has 51% or more of the total ownership of the company that has the concession in accordance with Article 49 paragraph 1 and paragraph 14.

“Zdrava Kotlina” adds that during the transaction a permit was requested from the Competition Commission, but no permit was requested from the Ministry of Economy in accordance with Article 49 of the Law on Mineral Resources and Articles 14, 15, 16, 17, 18, 19, 20 and 21 of the Law on prevention of money laundering and terrorist financing.