Economic

The Government of N. Macedonia adopted the draft-budget for 2024 at a session Tuesday. It characterized it as a budget capable of supporting development while also ensuring fiscal sustainability. The expenditures are projected at MKD 343.6 billion, or 5.8 percent higher compared to 2023, while revenues are projected at...

The Vice-President of VMRO-DPMNE Aleksandar Nikoloski, in a TV interview, spoke about the energy crisis in the country and emphasized that if the domestic capacities are fully engaged and if Macedonia is well organized, it can produce all the electricity it consumes. "I think it is too late for this...

The Macedonian economy will grow by 2.4 percent this year, by 2.7 percent next year, and by 2.9 percent in 2025, the World Bank predicts in the spring Economic Report for the Europe and Central Asia region. The inflation rate will reach 9.3 percent, in 2024 it will decrease...

The Government is set to freeze the prices of rice and eggs on Tuesday, but also make a decision to limit the export of eggs. Regarding sugar and flour, there will be no intervention yet. It will be waiting for the retailers to make these products cheaper themselves, while...

The three energy companies submitted their requests to Energy and Water Services Regulatory Commission of the Republic of N. Macedonia (ERC) for the price of electricity on the regulated market, starting January 1, 2023. MEPSO is demanding a 29.75 percent increase in the electricity transmission price, EVN Elektrodistribucija is demanding...

Inflation went into single digits. State Statistics Office (SSO) calculated 9.3% in June. There is also a slight decline in the consumer basket. According to the numbers, over 48,500 MKD are needed to get through the month. It is lower by about 500 MKD compared to May. However, an...

A family of four in the country had to spend MKD 49,025 in May this year to satisfy their basic needs. Of these, as stated by the Union of Trade Unions of Macedonia (SSM), 19,532.54 MKD or 44.34 percent were needed for food and drinks, 13,392.85 or 30.41 percent...

On Saturday (March 4, 2023), the State Market Inspectorate carried out over 250 inspections and controls on the territory of all of Macedonia. What has been determined from the supervisions and controls is that a large number of traders respect the Government's Decisions and bread is sold from MKD...

Macedonia receives the first tranche of 110 million euros from the last approved loan from the International Monetary Fund (IMF) of the 530 million euros through the Precautionary and Liquidity Line (PLL), the Macedonian Ministry of Finance announced on Wednesday. Previously, the IMF Board of Directors of approved...

The average family of four in N. Macedonia needed 48,543 Macedonian denars (MKD) to cover minimal living expenses in June 2023, according to the Federation of Trade Unions of N. Macedonia. According to the Unions, although a slight drop was observed in the value of the consumer basket in June,...