Category: North Macedonia
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Start of construction of Macedonian-Greek gas link
On July 9th, the North Macedonian Government announced the start of the construction of the North Macedonia–Greece Interconnector Gas Pipeline. Spanning 70 km in North Macedonia and 56 km in Greece, the project, costing 60 million €, aims for completion in 34 months and will significantly enhance gas capacity in…
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eInvoicing will become mandatory in North Macedonia
eInvoicing facilitates electronic invoice transmission, enhancing efficiency by reducing paper waste and enabling automatic data import into accounting systems. Tax authorities benefit from streamlined VAT processes, as eInvoices can be routed through their servers. North Macedonia aims to modernize its invoicing practices. In autumn, BMBC will have an event with…
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North Macedonia has not yet taken the economic benefit of NATO membership – and there are opportunities.
A Military Clothing and Textiles Industry Day Event is scheduled for November 10, 2025, to enhance market access of companies in NATO member countries.
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FDI Momentum in North Macedonia
Foreign direct investment (FDI) in North Macedonia has significantly increased, reaching EUR 7.53 billion in 2023, primarily in equity. Renewable energy projects led FDI from 2017 to 2022, attracting USD 739 million, outpacing real estate and software sectors according to recent analysis by Dragan Lazarov and Vladimir Bocevski.
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Overproduction of Solar Energy in Belgium and North Macedonia
Photovoltaics are a clean way to produce electricity and to reduce CO2. But the production is only when the sun shines, and electricity is often needed after sundown, or only during weekdays when the industry is working. Dilemma. In Belgium, consumers may be charged if they overproduce electricity. See the…
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Possible customs tariffs reductions in North Macedonia
A series of tariff reductions have been announced in principle by the Ministry of Finance. Details are not known, but it could concern tariffs for US goods and for specific goods like lithium batteries. Amendments to the Law on Customs Tariff have been sent to the Parliament and the new…
Belgian-Macedonian Business Club 