AGP Executive Report
Last update: an hour agoEnergy Infrastructure: North Macedonia’s gasification drive gets a boost as the Greece interconnector nears completion, paving the way for a new gas entry point, less dependence on a single supply route, and phased expansion of the domestic gas distribution network with private investors enabled under a new, EU-harmonised Energy Law. Monetary Policy: The National Bank of North Macedonia kept the key interest rate unchanged at 4.25% as inflation cools to 3.4% in June, while warning that energy and external risks from geopolitics and the Ukraine war still keep pressure on prices. UNESCO & Environment: The Ohrid region narrowly avoids the UNESCO Danger List, but experts say illegal construction, uncontrolled urban growth, shoreline damage, weak wastewater management, and ecosystem protection gaps remain—UNESCO has set a five-year implementation deadline. Business & Connectivity: TAV Airports reported first-half growth, with Antalya Airport ramp-up lifting consolidated revenue to €867.3m and highlighting continued strong performance at TAV’s North Macedonia airport. Cross-border Trade Links: Hungary has launched an investigation into a €1bn Eximbank loan to North Macedonia over unusually favourable terms, including a 3.25% interest rate and full state guarantee. Public Health: WHO Europe urges prevention as West Nile virus cases rise across the region, stressing mosquito control and protection measures. Industry Growth: FitActive says it is targeting 250–280 clubs in Italy while expanding across Europe, including its Skopje opening in April. Culture & Media: North Macedonia’s documentary “The Tale of Silyan / Siljan” earned two Primetime Emmy nominations, with worldwide distribution rights secured by National Geographic Documentary Films.
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