The law related to the loan that the country is expected to take from Hungary was approved by the Government at a session Tuesday, according to Macedonian Prime Minister Hristijan Mickoski who said the law will be submitted to Parliament soon.
“The terms are what we discussed – 3.25 percent interest rate, three-year grace period, in 24 semi-annual installments that will be paid every February and every August. Currently, these are conditions that we cannot provide even close to in any other market,” Mickoski said after the press conference in the Government.
The loan, as Mickoski pointed out, has a development component because a part will go to the development of the economy and the municipalities.
The country is waiting for the EUR 500 million loan from Hungary, for which Mickoski has already announced the terms, but as Finance Minister Gordana Dimitrieska-Kochoska emphasized, additional funds from Hungary is desired at the beginning of the year, because on January 25, 2025, the Eurobond worth EUR 500 million is due for collection.
