fbpx

Government of North Macedonia adopts Economic Reform Programme 2021-2023

The Government of North Macedonia adopted a three-year strategy - the Economic Reform Programme (ERP) 2021-2023 that consists of a mid-term macroeconomic and fiscal framework, as well as the guidelines for the structural reforms that should be implemented and which were determined through a...

In November in North Macedonia a 14.4% decrease of the number of issued building permits

In November last year, 208 building permits were issued in North Macedonia, which is 14.4% drop compared to the same month n 2019, announced the State Statistical Office (SSO) of North Macedonia. The assumed value of the facilities is 1.921.700 MKD (31.247.000 EUR) which is...

North Macedonia’s Finance Minister: Projected growth this year 4.1 %, but only if the COVID-19 crisis subdues

This year, the budgetary policy and the policies directed towards economic recovery and rapid growth will be redesigned - SmartER Growth Policies and returning to the pre-crisis trajectory, with a growth in the second half of 2022. The main goal is to accelerate the...

The Feasibility Study will determine Negotino power plant’s fate – sale or public-private-partnership

The future status of the Negotino thermal power plant in North Macedonia could be decided soon. An announcement for public procurement was published Wednesday in the Electronic System for Public Procurement, inviting bidders for the contract for preparing a feasibility study for either establishing...

Agreement between MEPSO and KOSTT reached: North Macedonia and Kosovo will be trading electricity directly

мепско-костт договор
MEPSO (Macedonian Electricity Transmission System Operator) and the Kosovo Electricity Transmission System (KOSTT, entered) into an operative agreement for organizing auctions for purchasing available transport capacities that allowed favorable conditions for direct trading with electric energy between both countries. The auctions on behalf of both...

Paper Mill company fined €20 000 for PM10 emissions, inspectors on offensive

The State Environmental Inspectorate of North Macedonia fined the company Paper Mill from Kochani €20 000 and tasked it to install a filter in a period of two months to prevent the air pollution with PM10 particles from its smokestacks. The municipality of Tetovo...

EVN Macedonia installs the first photovoltaic plant with bi-facial panels

EVN Macedonia installed the first photovoltaic plant in Negotino that simultaneously generates electricity from the sun and from the reflection of the light. It is part of modern world technologies and is made of b-ifacial panels that can generate electricity from the sun shining...

Two Turkish companies in the competition for the public-private partnership on natural gas distribution system in North Macedonia

At its 24th session, the Government of North Macedonia adopted a decision about the first phase of the procedure for approving an agreement for public-private partnership for financing, projecting, building, managing, maintaining and development of the final-tier natural gas distribution system in the country. On...

The budget rebalance was adopted in North Macedonia, most of the assets are for healthcare and economic relief measures

The parliamentary majority in North Macedonia has adopted the 2020 budget re-balance which will provide additional assets for strengthening the healthcare system including the realization of the fourth economic relief package for fighting the economic consequences caused by the coronavirus crisis. With the budget re-balance,...

World Bank: North Macedonia is coping with the deepest recession since 2001

North Macedonia is coping with the deepest recession since 2001, according to the World Bank’s latest Regular Economic Report about the country's economic prospects. It forecasts a decline of the GDP by 4.1 %. "The COVID-19 pandemic is hitting North Macedonia hard, with lockdowns, disrupted...

IMF says National Bank of RNM acted accordingly with Eurostandard Bank, the opposition requests oversight hearing

The International Monetary Fund's Executive Director Anthony De Lannoy, member of the IMF's Executive Board for North Macedonia, remarked that the National Bank of North Macedonia (NBNM) has acted correctly regarding the revocation of Eurostandard Bank's banking licence and requesting bankruptcy procedure. He stressed...

Government of North Macedonia announces a public-private partnership model for the Post, the Railways company and other state-owned money-losing companies

The Government of North Macedonia announced reforms for the money-losing state-owned companies, that through public-private partnership or privatization would overcome the problems with the accruing losses in their work. During its Tuesday session, the Government determined the new text of the Law for amending...

The money for the planned cargo airport in Shtip will be diverted for various infrastructural projects

In the forthcoming period, the Macedonian Government and TAV Macedonia will make an annex to the agreement for the airport concession where the assets planned for the building of a cargo airport in Shtip will be diverted for projects of public interest for the...

The National Bank expects less negative effects on the economy caused by COVID-19 during the third quarter

During the regular session of the Committee for operative monetary policy at the National Bank, it was decided that the interest rate of the treasury bill will remain at the level of 1,5%. "The decrease of the discount interest rate to the current level, including...

Justyna Mleczak: Tourism has an unbelievable power both to build and destroy

Justyna Mleczak
Justyna Mleczak is a tourist influencer from Poland, whose blog Do Macedonii offers a rare opportunity for Polish audiences to learn more about North Macedonia in their native language. She recently made another visit to the country in cooperation with European Union-supported Smart Toursim...

The Chambers of Commerce Union asks new pool of measures from North Macedonia’s new Government

During today's official meeting with the Prime Minister of North Macedonia and his financial team, the Union of Chambers of Commerce of North Macedonia (UCC) pinpointed the priorities that should be realized during the first month of new government's mandate for crisis mitigation and...

Institutions in North Macedonia in two and a half years purchased 392 new vehicles, spent €8.1 million

State institutions in North Macedonia have purchased 392 new vehicles and for that purpose in the last 2.5 years have spent 8.1 million EUR, shows the latest research conducted by the Center for Civic Communications. "One quarter of the newly purchased vehicles cost more than...

Slight increase of apartment prices during coronavirus crisis’ peak in North Macedonia

There was an increase of the apartment prices in North Macedonia during this year's second quarter, when the coronavirus crisis worsened and, furthermore, it is clear now that the prices are rising, even though the number of apartments on the market surpasses the demand. According...

National Bank of North Macedonia revokes the banking license of Eurostandard Bank

The National Bank of North Macedonia (NBRSM) today announced its decision to revoke the Banking license of Eurostandard banka (Eurostandard Bank), acting in accordance with the Law on Banks, and said that tomorrow it will petition the competent court to initiate the bankruptcy procedure. "Eurostandard...

The banks in North Macedonia see loss of profits in the first quarter of this year

There has been a significant reduction of the profits of the banks in North Macedonia in the first quarter of this year, and due to the coronavirus crisis, rise of the rate of the irrecoverable loans is expected, the new data of the National...