North Macedonia

EBRD announces profit of €2.1bn in 2023

bne IntelliNews April 11, 2024

The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022.

INTERVIEW: Sunny climates and government incentives drive Balkan solar markets

Valentina Dimitrievska in Skopje April 6, 2024

Elen managing partner Lulzim Syla outlines the potential of the solar markets in Kosovo, Albania, and North Macedonia in an interview with bne IntelliNews.

Euromax Resources mulls international arbitration over North Macedonia mine dispute

Valentina Dimitrievska in Skopje April 4, 2024

Canada-based exploration company says its rights were "trampled on" by Skopje.

Southeast Europe urgently recruiting from developing Asia ahead of summer season

bne IntelliNews April 3, 2024

One of Europe’s poorest regions is tackling labour shortages by importing workers from as far away as Bangladesh, India and Nepal.

North Macedonia aims to attract almost $600mn for green transition

Valentina Dimitrievska in Skopje March 20, 2024

Skopje secures $85mn from Climate Investment Funds in first step towards coal phase-out.

Slim hopes of EU enlargement progress ahead of European Parliament elections

bne IntelliNews March 20, 2024

EU members are pushing for the start of accession talks with Bosnia at this week’s EU Council, but wider progress unlikely before June elections.

Warning over potential “Russian scenario” riots after North Macedonia elections

Valentina Dimitrievska in Skopje March 19, 2024

Junior ruling DUI points to Russian infiltration through political parties and media outlets sympathetic to Moscow's agenda.

Support for Nato membership falls sharply in Southeast Europe

bne IntelliNews March 17, 2024

Under half of Montenegrins now back Nato membership, and only 33% would help another member in case of attack.

North Macedonia’s central bank maintains key rate at 6.3%

bne IntelliNews March 13, 2024

Domestic inflation decelerated to an annual rate of 3% in February, as pressures from food and energy prices decreased.

Western Balkans faces heightened risk of inter-ethnic violence in 2024, US intelligence report warns

bne IntelliNews March 13, 2024

Report says local nationalist leaders and external actors could heighten tensions for their own political gains in Bosnia and Kosovo.

Closing gender gap in workforce could double global growth rate says World Bank

Clare Nuttall in Glasgow March 8, 2024

Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.

US sanctions Intellexa consortium entities in Hungary and North Macedonia for spyware development

bne IntelliNews March 6, 2024

OFAC says companies in Hungary and North Macedonia sanctioned for developing Intellexa's Predator spyware.

German foreign minister calls for faster EU enlargement to Western Balkans amid Russia threat

bne IntelliNews March 4, 2024

Annalena Baerbock says expansion of the EU to the Western Balkans has become a geopolitical necessity in light of Russia's "brutal imperialism".

Western Balkan leaders commit to accelerated regional cooperation

bne IntelliNews March 1, 2024

Albanian PM calls at Tirana summit for fellow Western Balkan leaders to overcome historic conflicts to achieve prosperity.

Ukraine's Zelenskiy seeks support from Southeast Europe at Tirana summit

bne IntelliNews February 28, 2024

Ukrainian president and Albanian prime minister warn of Russian threat to destabilise the region.

Liberty Steel's financial crisis is just the latest blow for CEE's steel industry

Robert Anderson in Prague February 28, 2024

The woes of Liberty Steel's mills also reflect the struggle of former Communist Central and Eastern Europe’s once mighty steel sector to remain competitive.

North Macedonia faces food price surge as price protection measures expire

Valentina Dimitrievska in Skopje February 28, 2024

North Macedonia had one of the highest inflation rates in the region, peaking in late 2022.

Western Balkans power sector risks “complete meltdown” warns think-tank

bne IntelliNews February 27, 2024

Policy brief from think-tank CEPS says there is an “acute and imminent risk” of collapse due to outdated infrastructure.

Macron says sending Nato ground troops to Ukraine should not be ruled out

bne IntelliNews February 27, 2024

French president says Russia now presents a greater danger and nothing should be excluded.

Western Balkans to take up to 70 years to catch up with EU

Clare Nuttall in Glasgow February 26, 2024

New EBRD report finds low productivity, weak institutions and unfavourable demographics mean convergence may not happen until 2093.