Slovenia's reinsurance company Sava Re announced that it has raised its stake in its Macedonian non-life insurance subsidiary Sava Tabak through a capital increase. The capital hike consisted of 5,000 new shares, worth MKD 153.8mn (EUR 2.5mn), and was bought entirely by Sava Re. As a result, Sava Re's stake in Sava Tabak increased from 66.7% to 81.83%. |
Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more
The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more
Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more