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 …
Early Christian Basilica found during construction work on new Stip – Kocani road
An early Christian era basilica was found during construction work on the new Stip – Kocani express way. The find was made near the village of Ziganci, and experts from the Stip museum have begun work to locate and preserve the valuable finds. We have an extensive record of archaeological finds dating to the same period in this area, and we hope that we have uncovered a larger complex, said Mitko Sterjov from the Stip museum. According to Sterjov, the find should not delay construction given that the crews can relocate on the …
Macedonia's building permits drop 3.9 Percent
The number of building permits issued in Macedonia in April decreased by 3.9% year-on-year to 249, the state statistical office, Makstat, said on Monday. The estimated value of the construction projects covered by building permits issued in April increased by an annual 73.3% to 6.2 billion denars ($118.3 million/ 100.5 million euro), Makstat said in a statement. In April, 134 permits were issued for new buildings, 44 for civil engineering projects, and 71 for reconstruction projects. Of the total number of permits issued in Ap…
Albania's Balfin unveils 350 mln euro real estate project in Skopje
Albanian investment group Balfin has said it will invest 350 million euro ($408 million) in its Skopje East Gate real estate development project in the capital of neighbouring Macedonia. The mixed-use project, with a gross built-up area of 143,000 square metres, will include a shopping mall, a residential compound and a business park, the Balfin Group said in a statement late on Friday, following the presentation of the project in Skopje. Skopje East Gate is a very important project not only for Skopje, but for the whole country, …
Macedonia: Building permits decrease 45 Percent in March
The number of building permits issued in Macedonia in March decreased by 45.1% year-on-year to 211, the state statistical office, Makstat, said on Monday. The estimated value of the construction projects covered by building permits issued in March fell by an annual 76% to 1.67 billion denars ($32.4 million/27.1 million euro), Makstat said in a statement. In March, 119 permits were issued for new buildings, 35 for civil engineering projects, and 57 for reconstruction projects. Of the total number of permits issued in March, 116…
Kicevo-Ohrid highway construction deadline extended to 3,5 years
Macedonian Government at its Tuesday’s session adopted annex contract for construction of Kicevo-Ohrid highway by which its construction deadline is extended to June 30, 2021. Transport Minister Goran Sugareski told Wednesday that the decision for signing annex contract to this highway is at the request of supervisory authority and the need for construction extension deadline due to non-compliance of project documentation with actual ground condition, as well as variable geology on the ground that does not correspond to the geology fo…
Macedonia's Jan building permits fall
The number of building permits issued in Macedonia decreased by 48.6% year-on-year to 189 in January, the state statistical office, Makstat, said on Friday. The estimated value of the construction projects covered by building permits issued in January fell by an annual 54.1% to 2.4 billion denars ($48 million/39 million euro), Makstat said in a statement. In January, 132 permits were issued for new buildings, 20 for civil engineering projects, and 37 for reconstruction projects. Of the total number of permits issued in January…
French companies interested in investing in Macedonia's railway sector
French companies are interested in investments and in launching projects related to the railway sector in Macedonia in addition to the remaining infrastructural activities that have been announced. Cooperation prospects have been examined at a meeting Monday of representatives of dozen French companies with the Minister of Transport and Communications, Goran Sugareski, who presented the government's plans considering road and railway infrastructure. "Several French companies have expressed interest for participation, espe…
Bulgaria, Macedonia to seek funding for Corridor 8 road, railway project
Bulgaria and Macedonia plan to seek international financing for sections of Corridor 8 road and railway project on their territories, Bulgarian public radio broadcaster BNR reported on Thursday. Pan-European transport Corridor 8 stretches from Albania's Adriatic port of Durres to Varna, on the Bulgarian Black Sea coast, via Macedonia. Macedonian prime minister Zoran Zaev will visit Sofia on December 6-7 for a meeting of Western Balkan leaders with representatives of international financial institutions, at which funding opportun…
Macedonia: Number of building permits drastically reduced
According to the data from the State Statistical Office, a total of 222 building permits were issued in September 2017, which was 25.3% less than the same month of the previous year. According to the issued building permits, the expected total value of the constructions was 3.575.789 thousand denars, which was 29.7% less than the same month of the previous year. Of the total number of issued building permits, 141 (63.5%) are for buildings, 18 (8.1%) are for civil engineering structures, and 63 (28.4%) are for reconstructions. …
Macedonia: Building permits decline neary 7 percent
The number of building permits issued in Macedonia decreased by 6.8% year-on-year to 232 in August, the state statistical office said on Tuesday. The estimated value of the construction projects covered by building permits issued in August rose by 23% to 3.18 billion denars ($61.0 million/51.7 million euro), the statistical office said in a statement. In August, a total of 154 permits were issued for new buildings, 20 for civil engineering projects, and 58 for reconstruction projects. Of the total number of permits issued in Augus…
Çağatay Kablo kicks off factory construction in Macedonia
Turkish cable manufacturer Çağatay Kablo has begun construction of its new factory in Macedonia. The new facility in the Technological Industrial Development Zone Bunardzik comes with an estimated investment sum of around EUR 6 million. The majority of products manufactured here will go to Van Hool; the rest will be exported to the European market, local media reports. Furthermore, the company plans to create around 200 new jobs. Mr. Ahmet Koroğlu, owner of Çağatay Kablo, told local media that Macedonia as a location was chosen, b…
Simon Trpceski opens the new Macedonian Philharmonic Orchestra building
With a grand concert by leading Macedonian pianist Simon Trpceski and the Philharmonic Orchestra conducted Vladimir Ashkenazi, the new building of the Philharmonic Orchestra was inaugurated on Sunday evening. President Gjorge Ivanov, Prime Minister Emil Dimitriev and Culture Minister Elizabeta Kanceska Milevska cut the ribbon at the opening ceremony, while VMRO-DPMNE leader Nikola Gruevski, under whose premiership the construction was initiated, was welcomed with applause when he arrived for the concert. The orchestra improvised its work …
Contract signed to build the new Mother Teresa clinic
Deputy Prime Minister and Health Minister Nikola Todorov signed on Friday a contract with a consortium that includes Granit, Beton and the Italian INSO company to build the new Mother Teresa clinic center in Skopje. The major healthcare investment project is valued at 72 million EUR and its construction should be completed in 45 months. Italian teams worked together with experts from Spain, Germany, Greece and other countries over the past four years to plan the project, that will be build within the current central clinical complex in Sk…
Gruevski says national gas pipeline network construction continues as planned
VMRO-DPMNE leader Nikola Gruevski said that the process of building a national gas distribution network, initiated by his Government, is proceeding with excellent pace, with three inter-city pipelines being built. The combined length of the lines currently being built is 200 kilometers and the investment amounts to 80 million EUR. "This is a major investment that will bring great benefits to companies and individuals in the cities being connected. Work is on-going with great speed and, in the mid term, the project provides that t…
ELEM prepares to enter stage two of the Bogdanci wind park project
The ELEM publicly managed energy company announced that it is preparing for the second phase of its Bogdanci wind power park. ELEM General Manager Hristijan Mickoski said that it has been the best value-for-money project the company has had so far, which led to a decision to enter the second stage. "Production expectations were surpassed by 25 percent. The results are extremely good, and this gives us hope not only in the expansion of this park, but in adding additional wind powered capacities in Bogdanci and in other areas o…
Macedonia to start building new hospital in Skopje in June
The construction of Skopje's biggest hospital worth some 70 million euro ($76.1 million) will start in June, Macedonia's healthcare minister Nikola Todorov has said. The new hospital complex is expected to be built within 45 months, Todorov said in statement on Monday. The hospital will have a total area of 70,000 sq m and will be built on the site of an existing gynecological hospital. In Todorov's words, it will be "the largest project in the history of Macedonian healthcare". The implementation of the pr…
Macedonian brewer Pivara Skopje invests in equipment
Macedonian brewer Pivara Skopje said on Tuesday it invested over 1.4 million euro ($1.48 million) in the procurement and installation of new bottling equipment. The new equipment increased by 30% the total capacity of the existing bottling line, Pivara Skopje said in a statement on its website. The new equipment allows the company to expand the range of bottles it uses. "It is an investment that opens a new chapter in the development of Pivara Skopje, but also gives new impetus to the development of the overall beer industry,&q…
Macedonia: Construction of Negotino-Bitola gas pipeline according to plans
Construction works on the 92 kilometers long major gas pipeline between Negotino and Bitola via Kavadarci and Prilep are progressing according to plans. The estimated value of the investment amounts to 37 million euros and it is expected that the gas pipeline will be put into operation in mid- 2019 at the latest. By the end of 2017, gas will reach Kavadarci, while the section to Prilep will be completed in fall 2018. VMRO-DPMNE leader and former Prime Minister of Macedonia Nikola Gruevski stressed that this strategic project is import…
Construction of Negotino-Bitola gas pipeline according to plan
Works for the construction of a 92-kilometer major gas pipeline linking Negotino and Bitola via Kavadarci and Prilep are under way. An estimated €37 million will be invested in the construction. The gas pipeline is expected to be put into function in mid-2019 at the latest. By the end of 2017, Kavadarci will become the first consumer of natural gas with Prilep following suit in September or October 2018. In parallel, nearly 60% of the Stip-Negotino gas pipeline is finished and is slated for inauguration by year's end. A gas pi…
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