Prices for new buildings explode in Skopje: 2000 euros for one square meter
Rising building material prices, declining building permits, labor shortages and increasing demand have all pushed up house prices in the Macedonian capital Skopje. The building chamber, which announced earlier this year that the price of the residential space in the municipality of Centar could possibly reach up to 2,000 euros, says the trend will not stop by the end of the year. According to the builders, the trend towards rising apartment prices began last year when the issuing of building permits was reduced, especially in the center of …
During Zaev's reign, Macedonia lost 15 places in the Heritage Report on Economic Freedom
Due to the catastrophic economic policies of the current government under Prime Minister Zoran Zaev, Macedonia fell 15 places on the list of economic freedoms within 4 years. This is the result from the "report of economic freedoms" of the Heritage Foundation. From 31st place in 2017, Macedonia now ranks 46th next to Rwanda and Colombia. In its annual report for 2021 on the ranking of countries in the world, the Heritage Foundation ranks Macedonia 46th with 68.6 points according to the level of economic freedoms and rights, which c…
Macedonia and Lesotho involved in world’s largest legal cannabis deal
Medical cannabis producer Highlands Investments from Lesotho secured the sale of 8.5 tonnes of pure cannabis flowers for the European market that will be shipped to Macedonia. The shipment is believed to be the world’s largest single legal cannabis export to date. In July, Macedonia endorsed a draft law on the control of narcotic drugs, which allows the export of dried cannabis flowers in line with EU rules. Skopje is developing a medical cannabis industry and the government is considering legalising the drug to encourage hospitality and touri…
McDonald’s returns to Macedonia?
Well-known American fast food franchise McDonald’s plans to return after eight years to Macedonia As the Macedonian media reported, the well-known American fast food franchise McDonald’s is expected to return to Macedonia. After a number of problems, its restaurants in the country were closed in 2013. The Macedonian portal Faktor was the first to report on the return of McDonald’s to Macedonia. “Even in times of the pandemic, the changes are not easing, and the Macedonian market is becoming an attractive location for new investments. After 8 y…
Lidl plans several stores in Macedonia
Prime Minister Zoran Zaev, Transport Minister Blagoj Bocvarski and Skopje Mayor Petre Silegov held Wednesday a meeting with the managers of the German company Lidl to discuss the new investment of the supermarket chain in Macedonia. Prime Minister Zaev stressed that the new investments are of great importance for the country, in order to increase supply, create new jobs, and improve the overall economy. He welcomed the positive practices recognizable for Lidl in terms of the job market, training its employees, and practicing in a modern way o…
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…
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 …
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