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Skopje City Hall rejects the Bus Rapid Transit System, but with the budget rebalance, money were withdrawn for new public transport solution

Skopje citizens will not feel the convenience of a Bus Rapid Transit System (BRT), as the Skopje City Hall refuses to implement the €70 million project, the funds for it already being provisioned through a loan from the European Bank for Reconstruction and Development (EBRD). The previous leadership of the capital of North Macedonia in October last year announced the...

The ruling party and the opposition in North Macedonia disagree on the proposed BRT for Skopje

After four months in "the parliamentary labyrinths", Government's draft law for taking a loan from the European Bank for Reconstruction and Development (EBRD) for construction of two Bus Rapid Transit lines in Skopje, the capital of North Macedonia, yesterday finally passed through the Financing and Budget Committee's filters. The Government finalized the draft-law for rapid bus transit (RBT) in mid-November...

The Przhino model blocks €90 million loan for fighting COVID-19, the problem is in the hands of SEC

The Government is taking measures for the implementation of an already approved loan by the World Bank in the amount of €90 millions because the additional Deputy Minister of Finance, Gordana Dimitrieska - Kochoska has been refusing for a prolonged period to sign the loan agreement. During yesterday's session, the Government ministers decided to ask the State Election Committee...

Government will ask for a loan to build the new Clinical Center

The Government mandated the Ministry of Finance to draft , in cooperation with the Ministry of Health, a call for a loan for the construction of the new Clinical Center. The plan is to obtain loan from financial institutions, bilateral creditors or foreign commercial banks. The appraisal of the procedure for the construction of the new Clinical Center that was...

Angjushev: With a loan of €1.5 million, Jugohrom will restart in June 2019

After the government's decision to provide a loan in the amount of €1.5 million for the Jugohrom plant in Jegunovce, during a visit to the factory, Vice Prime Minister for Economic Affairs Kocho Angjushev stated that the company can be profitable and workers can see their existence in Jugohrom. "By granting the loan, an agreement for restarting Jugohrom was reached....

VMRO-DPMNE puts up party building for a mortgage

A few days before the election, VMRO-DPMNE took out a loan of three million euros from the Commercial Bank, and for this purpose they put up as collateral their new headquarters, the palace "Hristo Tatarcev", reported "Prizma". In the Official Gazette, it shows that the party took a "framework revolving loan", which means that they do not have to withdraw...

Bitola’s prosecutorship investigating new loan taken by the municipality

Public prosecutors in Bitola are investigating the taking out of a new loan by the Bitola municipality from the World Bank. The municipality has taken 2.5 million euro which they plan to use for constructing business and residential buildings in the old barracks area. Meta received this information from the prosecutorship in Bitola, from where they say that they are...

The Government takes a 4.4 million euro loan

With the auction of one Treasury bill and two government bonds, the Government of Macedonia received a 4.4 million euro loan. Portion of the money is due in a year’s time and the remainder by 2025 and 2030. According to data from the Finance Ministry, the public debt of Macedonia is 3.92 billion euro, which is 43.7 percent of GDP.