AGP Executive Report
Last update: 9 hours agoEnergy & Industry Modernisation: North Macedonia’s state utility ESM signed a $2.4m World Bank grant to prepare the REK Bitola 1 cogeneration plant and expand the Bitola district heating network, aiming to upgrade the lignite complex that supplies about 70% of the country’s electricity. Monetary Policy: The National Bank of North Macedonia lifted its key interest rate by 25 bps to 4.25% as inflation risks persist and credit growth stays strong, while GDP growth in Q1 remained resilient. EU Integration & Governance Pressure: The European Parliament approved North Macedonia’s 2025 progress report, with MEPs stressing rule-of-law delivery and constitutional commitments tied to Bulgaria, while also warning about the “Serbian World” narrative. Regional Transport & Border Readiness: Greece’s transport push highlights faster Western Balkans connectivity via TEN-T aligned corridors, while plans for upgrades at the Evzonoi border crossing with North Macedonia aim to cut waiting times. Cross-border Crime Watch: A report says Serbia’s real estate and notarised contract ecosystem is being used to launder illicit funds, a reminder for the wider region’s compliance and enforcement focus. Business & Trade Links: Vipul Organics secured an exclusive European distribution deal with Omya, including North Macedonia, targeting pigment and dye supply to manufacturers.
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