Tag: ebrd
Economy 01.07.23 | 16:56

EBRD helps put solar panels on top of the old coal mine in Kicevo

Macedonia’s struggling publicly owned energy company ELEM/ESM signed a contract with the European Bank for Reconstruction and Development to build a solar plant on top another section of the old Oslomej coal mine near Kicevo. EBRD is donating 1.5 million EUR that will be used to build a small 10MW...
Economy 17.02.23 | 09:27

EBRD: Downward projection of Macedonia’s growth in 2023

European Bank for Reconstruction and Development revised its estimates for Macedonia’s economic growth downwards, and now projects just 2 percent growth in 2023. Its previous estimate was for 2.3 percent growth. The drop is largely due to the high inflation and spiking energy prices. EBRD puts...
Macedonia 21.12.21 | 19:30

EBRD will help fund a section of the controversial Gostivar – Kicevo highway

Finance Minister Fatmir Besimi signed an agreement with the EBRD representative Andi Aranitasi for 110 million EUR in funding for the first stage of the Gostivar – Kicevo highway. The stage covers the easiest section of the track, north from Kicevo to the village of Bukojcani. Once completed, the...
Economy 17.07.20 | 19:17

EBRD provides €20 million loan for on-lending to local coronavirus-hit businesses

The European Bank for Reconstruction and Development (EBRD) is providing a €20 million loan to Sparkasse Bank Makedonija for on-lending to local private businesses and corporates affected by the economic impact of the coronavirus pandemic. Less dependent on tourism than other countries in the Western...
Economy 25.06.20 | 11:38

EBRD launches online learning resource for small businesses

The EBRD is launching a free-to-use online learning and advice programme to support micro, small and medium-sized enterprises (MSMEs) confronted with the economic impact of the coronavirus pandemic. The EBRD “Know How to…in a Crisis” programme, hosted on the Bank’s platform, The Know How Academy,...
Economy 13.05.20 | 11:50

EBRD: Macedonia among the Balkan countries hit by the disruption in global supply chains

The European Bank for Reconstruction and Development predicts that the Western Balkans will suffer the consequences of the disruption caused to global supply chains by the coronavirus epidemic. It’s forecast that the Macedonian economy will decline by 3,5 percent in 2020, but will rebound by over...
Economy 07.11.19 | 10:32

EBRD sees Macedonia growing by 3.2 percent in 2019 and in 2020

The European Bank for Reconstruction and Development projects that Macedonia will grow by 3.2 percent in 2019 and 2020. EBRD’s report sees Macedonia recovering economically after the political crisis that was provoked in 2015. It lists the 2018 growth rate at 2.7 percent and an increase of 3.6...

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