Macedonia PM Christian Micic rejects electricity price rise as government debt climbs

Prime Minister Christian Micic told reporters that Macedonia will not raise electricity tariffs despite rising costs. He said the country has built up sufficient hydro‑electric reserves – about 70 % of capacity – and can meet demand without panic measures. Micic also noted that Macedonia is offering low fuel prices to neighboring states.

At the same time, the government has issued new bonds worth €41 million and accumulated over €2.5 billion in debt in the past two years. While tax revenues and capital investments are reported to be increasing, the budget remains strained, prompting the issuance of additional securities.

Micic emphasized that the nation’s energy reserves and careful planning prevent the need for price hikes, even as regional conflicts, such as the war in Iran, create broader energy pressures.