Industrial production in October 2021 has decreased by 6.5% compared to the same month in 2020, State Statistical Office data shows. Additionally, industrial production in the period January – October 2021 has noted a 1.8% increase compared to the January – October 2020. The industrial production in the section Mining and...
Bulgarian MPs voted Wednesday to protect households from rising energy costs by freezing their electricity and heating prices to current levels. In the past, rising prices have sparked protests in the Balkan country, where poor households often struggle to pay their bills over the winter. Bulgaria's independent energy regulator...
The state plans to borrow about 500 million euros in 2022 to cover the planned deficit in the Budget for 2022. According to Finance Minister Fatmir Besimi, that money will be spent mainly on capital investments. Public debt will reach 65.9% of GDP next year. Minister Besimi expects the...
The Government buys electricity for 210 euros per megawatt, while it can produce it for four times cheaper, said VMRO-DPMNE in a press release on Monday. "5.5 million euros as much as the purchase of 26,000 megawatts of electricity is money with which, if used for domestic production, four times...
Just like the lack of capital investments, just like the non-work of SDSM mayors in the municipalities, just like the delayed procurement of vaccines and several economic packages of measures that did not produce anything for the real sector or save jobs. Now the Government is in a new...
VMRO-DPMNE leader Hristijan Mickoski predicts a hike up to 30 to 40 percent of the electricity price in the country, and believes that the authorities’s claims that the price of electricity will not increase by more than 10 percent was ‘far from the truth’. As a last resort, as Mickoski...
The exchange rate has been stable for years and will be stable in the future. The guarantee for that is the high level of foreign reserves, but also many other instruments available to the central bank that it will not hesitate to use in defense of the exchange rate,...
According to the latest macroeconomic projections of Macedonia’s National Bank, the Macedonian economy will recover with a growth of 3.9% in 2021 and also in 2022. Moderate acceleration is expected in the medium-term. Inflation is projected at 3.1% after a moderate upward correction has been made compared to the...
The debate on the 2022 Draft Budget should start in the Parliament today. According to the announcement on the website of the Assembly, the Draft Budget is put on the agenda of the Parliamentary Committee on Finance and Budget scheduled for 11 am, and then it should be reviewed...
ESM will sell the produced electricity for 41 euros instead of the current 36.1 euros per megawatt hour (mwh). ESM will offer 100 percent of the consumption for households in the new fifth tender in a row at EVN Home, and the authorities have not yet officially announced the price...