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NMacedonia: July inflation rose to 16%, spending jumped 1.9% in a month

The annual inflation in the country in July 2022 rose to 16%, while the Consumer Price Index in the period from June to July 2022 increased by 1.9%, show the data of the State Statistical Office of North Macedonia. The Retail Price Index increased by...

North Macedonia can hardly manage attracting foreign investments with substandard roads

The amount of investments and the interest by the foreign companies to work in North Macedonia depends directly on the development of the road and railroad infrastructure. North Macedonia is falling behind the countries in the region regarding the foreign investments and the condition...

From the 1st of July, households in North Macedonia will be able to sell their surplus electricity from the photovoltaics

Starting from the 1st of July, households and the companies in North Macedonia that are producing electricity from renewable sources of energy's facilities will be able to sell their surplus production on the market. The Minister of Economy Kreshnik Bekteshi signed the amendments and...

Portalb analysis: The summer season starts – people are leaving massively abroad for seasonal work by the seaside

"Looking for a waiter/bartender and the salary that is offered ranges from 800 to 1,000 EUR," this is only one of the many advertisements for seasonal work in Zagreb, Croatia. The summer season has started - this year's "hit" destination for seasonal work in...

Country leadership marks 30th anniversary of Macedonia’s monetary independence

The President Stevo Pendarovski, the Prime minister Dimitar Kovachevski, the Finance Minister Fatmir Besimi, the Governor of the National Bank Anita Angelovska - Bezhovska, and numerous representatives with Solemn Academy marked the 30th anniversary of Macedonia's monetary independence. 30 years ago, on the 26th of...

Government of North Macedonia raises privatization fees for state-owned land 30-fold

Instead of the initial fee of MKD 61 (€1, roughly) per square meter valid up to now, the privatization of the state-owned land for commercial constructions will be paid MKD 13,140  per square meter if it is implemented in terms of acquired ownership rights...

Ukraine urges North Macedonia to join EU’s economic sanctions for Russia

The ambassador of Ukraine to North Macedonia, Natalia Zadorozhniuk in the panel discussion "The Russian-Ukrainian Crisis and North Macedonia" organized by CIVIL, which took place on the 9th of February, said that Ukraine expects clear and unambiguous political support from its friend North Macedonia...

North Macedonia pays highest prices for methane in the neighborhood, even though Gazprom lowered its price by 13%

Russian company Gazprom has reached an agreement with the North Macedonia company Makpetrol to lower the price of the methane in North Macedonia (compressed natural gas - CNG) by 13%. As a result, instead of 110 MKD per kg, starting from yesterday, at Makpetrol's...

Government will help 7,500 households in North Macedonia pay electricity bills

The Ministry of Economy of North Macedonia issued a call for applications for financial aid to low-income households for their electricity bills. The total amount of the aid is MKD60 million (€ 974.000) from the state budget, with the aim to protect the vulnerable...

BEG wants to “central-heat” citizens of Skopje at 300% higher prices – and with Russian gas

Approximately 56 000 users connected to the central heating network in Skopje, the capital of North Macedonia, could get much higher bills from the 1st of January. Balkan Energy Group (BEG), the operator of the network, submitted request to Energy and Water Services Regulatory...

North Macedonia gets more money from taxes than it spends on protection of environment

The inflow in the central budget of North Macedonia from the environmental taxes is on the rise. In 2019, €219 084 552 were collected in the state budget i.e. a record sum of taxes was paid, compared to the previous years, shows the State...

Prices of used vehicles in North Macedonia on the rise due to the global shortage of microchips and semiconductors

The global shortage of microchips and semiconductors has caused problems in the automobile production sector worldwide. This problem also affects North Macedonia. According to the forecasts, the shortage of chips will last until the second half of 2022. The problem with the microchips and the...

No electricity price hikes in North Macedonia expected, but there will be coal imports

There is no reason for panic among Macedonian citizens regarding the price of the electricity during the forthcoming months, said the Energy Regulatory Commission of the Republic of North Macedonia. Throughout Europe, the price of electricity at Holland's market has climbed from 16 EUR for...

Zaev, Vucic and Rama signed the first official documents of the OpenBalkan Initiative

As the first important steps of a new and concrete impulse to promote regional co-operation within the framework of the "OpenBalkan" Initiative, North Macedonia’s Prime Minister Zoran Zaev, the president of Serbia Aleksandar Vucic and the Prime Minister of Albania Edi Rama, yesterday signed...

Some young people in North Macedonia during the coronavirus crisis managed to build successful businesses

During the coronavirus crisis, some young people in North Macedonia saw the opportunity to start their own businesses or to adapt their existing businesses to the new normal that was imposed by the restrictive measures against the coronavirus. The stories that were told to Meta.mk...

Guarantee Fund will start functioning soon in North Macedonia, companies will receive guarantees for loans up to €500,000

In Macedonia, a Guarantee Fund is expected to start operating that will allow micro, small and medium enterprises as well as larger traders whose incomes on basis of import are participating with at least 30% in the total incomes, will allow them guarantees for...

TIDZ announces new, German educational model catering to needs of companies in North Macedonia

New measures for promoting the concept of dual education, according to the needs of the companies and with support from the Institute for Business and Management Heidelberg - Skopje for the introduction of a German model of education in the country were announced by...

NMacedonia: New optimistic fiscal strategy with forecast growth of 5.4% and unemployment of 8.6%

The new Fiscal Strategy for the period 2022-2024, with projections until 2026, is carrying strongly optimistic forecast about the development of the economy of North Macedonia. The economic growth rates are planned to above 5% and the unemployment rate at only 8.6%. Also, the...

Almost 70% of the German investors in North Macedonia would invest again

Almost 70% of the German investors that have made investments in North Macedonia would do the same again, shows the poll implemented by the Delegation of German Industry and Commerce in North Macedonia (Delegation der Deutschen Wirtschaft in Nordmazedonien). The current situation in their companies...

North Macedonia’s export in the first quarter of 2021 was $2 billion, 29% more compared to the same period last year

In the period between January and March this year, North Macedonia had foreign trade in the amount of $4.6 billion. The total exports reached $2 billion, a growth of 29% compared to the same period last year. The value of the imported goods is...