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Macedonia Business update 03/04/2020
Macedonia's Gross domestic product (GDP) declines FDI inflow falls 40% Macedonia places new 7-yr Eurobond Macedonia's GDP declines 4.5% in 2020 - prelim data Macedonia's economic output shrank by an estimated 4.5% year-on-year in real terms in 2020, the country's statistical office said on Tuesday, citing preliminary data. Gross domestic product (GDP) totalled 664 billion denars ($13 billion/11 billion euro) at current prices in 2020, Makstat said in a statement. Exports of goods and services fell by 10.9% in nominal terms in t…
Lidl enters Macedonia - Company registered in Skopje
The German supermarket chain “Lidl” has registered its company in Macedonia, and will be managed by its Bulgarian branch. One of the largest retailers in the world registered the Lidl Northern Macedonia Dooel subsidiary, based in the center of Skopje, on Friday last week (February 19th). The Macedonian portal Faktor named a volume of 500,000 euros as a starting point. Factor refers to the Macedonian central register. It is owned by the German parent company but it will be run by Bulgarians, by businessmen Milena Emilova Dragijska, Biser Bori…
Transparency International: Corruption in Macedonia increased significantly under SDSM and Zaev
The new report from Transparency International shows the obvious: Corruption in Macedonia has risen significantly since Zaev and the SDSM took over power in the country. On International Anti-Corruption Day, Transparency International published its Corruption Perceptions Index for Macedonia, which now ranks the country at a very low 106th place in the world list. If you look at the numbers from the index for the last few years (see graphic below), you can see that the extent of corruption in Macedonia visibly decreases when the conservative V…
Macedonia: package against economic crisis with legalization of cannabis!
The macedonian government is about to legalize marijuana in Macedonia. In a new interviewprimeminister Zaev reiterated older statements regarding this issue. Soon it should be possible to consume cannabis in Macedonian cafes. The background is of course the current economic situation in Macedonia after the pandemic hitted the country. In an interview with the macedonian service of the german state-media Deutsche Welle, Prime Minister Zoran Zaev announced a new economic package, which includes decriminalization and legalization of marijuana in …
History! Macedonia will play Euro after beating Georgia
History is made! Macedonia qualified for the football Euro 2021, the first-ever major tournament in the team’s 27-year history, when a second-half goal from 37-year-old forward Goran Pandev gave them a 1-0 win away to Georgia in the playoff final game on Thursday. Macedonia’s forward Goran Pandev from italian Genoa scored on a counter-attack in the 56th minute at Tbilisi's Boris Paichadze Dinamo Arena. It was a perfect play of the "Italian connection" in Macedonia's team. The score was intitalized by youngster Elif Elmas (SSC…
German Media: Identity issues once again block Macedonia’s EU path
The German media "Süddeutsche Zeitung" wrote that Macedonia will be able to start negotiations with the European Union only if Macedonia recognizes that its language is a dialect of Bulgarian, and its national heroes are ethnic Bulgarians. The country, which not so long ago changed its name to increase its chances of EU membership, now faces another major hurdle. The beginning of Macedonia’s accession negotiations with the EU will be blocked, said its neighboring Bulgaria, if the Government in Skopje does not change parts of its hist…
Windrose flights between Macedonia and Ukraine from December
Ukraine’s Windrose Airline launches flights from December 6 from Kiev to Skopje, and one day later to Belgrade in Serbia. In a post on its Facebook page, the company wrote that: “ the flights will be operated between December 6, 2020 and March 3, 2021. Departure from the Boryspil Airport at 10:50, arrival in Skopje at 12:00. Departure from Skopje at 12:50, arrival in Boryspil at 16:10 ”. Services to Skopje will launch on December 6 and operate each Thursday and Sunday, while flights to Belgrade will run on Mondays and Fridays, starting Decembe…
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