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17 clusters · 54 sources · 59 days · First seen · Last updated

Category: BUSINESS

North Macedonia renewables, gas link & copper push

Entities: Goran Nachevski · Republic of North Macedonia · Ilovica copper mine · Sonja Lepitkova · Ilovica copper deposit

Overview

In 2026, North Macedonia accelerated its clean-energy transition with a €1.5 billion programme for two run-of-river hydro plants (Chebren, Galishte) and a €400 million wind farm near Štip, while a second 800 million-euro park remains under discussion. Croatian firms Končar and Dalekovod secured contracts for a 337.5 MW wind farm and a 400 kV substation. Additionally, the REK Bitola 1 cogeneration plant received a $2.4 million World Bank grant.

The 66.7-km gas interconnector with Greece, financed by the EIB, EBRD, and an EU grant, is on track for 2027, initially aiming to move 1.5 bcm per year. On the mineral side, the government prepared concessions for four new copper-gold mines, notably Ilovica‑Štuka, though the project faces opposition regarding environmental disclosure and "dry-stack" extraction methods. Despite the strategic value of these deposits, the mining sector has seen a 3.8% YoY production decline, with only the Buchim‑Borov mine remaining active.

Economically, inflation continues to ease. In July 2026, the consumer price index recorded a 2.3% annual rate, the lowest since early 2024. This downward trend from a 5.7% peak in April was driven by food and non-alcoholic beverage prices, which fell 1.1% for the second consecutive month. While transport costs rose by 4.4% due to seasonal factors, the Ministry of Economy and Labor stated that current price stability does not necessitate new intervention measures.

Timeline

  1. 2 days ago

    [BUSINESS] 15 sources
    North Macedonia inflation falls to 2.3% as food prices decline

    North Macedonia's annual inflation rate dropped to 2.3% in July. Officials report stable prices and a two-month decline in food costs, reducing the need for new government intervention measures.

  2. 5 days ago

    [BUSINESS] 2 sources
    Macedonia advances critical mineral mining while cracking down on agricultural subsidy fraud

    Macedonia seeks to develop a copper mine in Ilovica with new environmental standards while exposing large‑scale abuse of agricultural subsidies, including false tobacco reports and recycled ear‑tags from dead r

  3. 10 days ago

    [BUSINESS] 2 sources
    Macedonia's Untapped Copper Potential Highlights Global Critical Minerals Race

    The IEA warns that soaring demand for critical minerals is reshaping geopolitics. Macedonia, with notable copper reserves at Ilovica and antimony potential, still lacks new mines; only the depleted Buchim‑Borov

  4. 15 days ago

    [POLITICS] 6 sources
    Macedonia's Ilovica-Štuка Copper Mine Project Defended by Local Initiative Amid Misinformation Claims

    Macedonia's local group 'И Здравје и Работа' defends the Ilovica‑Štuка copper mine, citing dry‑stack tailings technology and urging government approval amid claims of misinformation.

  5. 17 days ago

    [BUSINESS] 2 sources
    Macedonia's Ilovica copper reserves idle as global copper shortage deepens

    IEA warns copper is becoming critically scarce as demand rose 3.7% in 2025 and prices hit $14,000/ton, while Macedonia’s Ilovica reserve – capable of >10,000 t/year – remains undeveloped.

  6. 22 days ago

    [INTERNATIONAL] 2 sources
    GSI and GREGY projects aim to turn Greece into Europe’s energy gateway

    GSI and GREGY electricity links could make Greece a key energy hub, lowering costs and boosting security across Greece, Cyprus, Israel and Egypt.

  7. 25 days ago

    [BUSINESS] 2 sources
    Macedonia's Ilovica copper project stalled while US expands critical mineral reserves

    Macedonia's €350 m Ilovica copper project, expected to boost exports by €180 m annually, remains unstarted, while the US pours $12 bn into critical mineral reserves and funding for related research.

  8. 29 days ago

    [BUSINESS] 8 sources
    Greece emerges as major energy exporter to Southeast Europe

    Greece has become a Southeast European energy hub, exporting fuel, electricity and gas. Exports of fuel exceed 8 Mt annually, electricity turned from a 10 TWh import in 2019 to a net exporter (3 TWh in 2025), €

  9. about 1 month ago

    [POLITICS] 2 sources
    Macedonia government prepares concessions for four new copper and gold mines

    North Macedonia's government is preparing concessions for four new copper‑gold mines near Kadica, Ilovica‑Štuka, Probištip and Kratovo, prompting the Levica party to call for a moratorium and demand full public

  10. about 1 month ago

    [INTERNATIONAL] 4 sources
    Greece launches major copper mining drive to feed EU, while Macedonia's Ilovica remains idle

    Greece is rolling out major copper projects to support EU supply, while Macedonia's Ilovica mine stays idle and the US pushes domestic copper production.

  11. about 1 month ago

    [BUSINESS] 13 sources
    Greece’s gas demand jumps 15% as exports triple in first half of 2026

    Greek gas demand rises 15% in H1 2026, exports triple to 8.72 TWh, imports up 15% and US LNG supplies 70% of Revythoussa receipts; capacity auctions lock in half of the vertical corridor to Bulgaria.

  12. about 1 month ago

    [BUSINESS] 3 sources
    Macedonia‑Greece gas interconnector set for completion next year

    Macedonia‑Greece gas interconnector, 66.7 km long, to finish next year, delivering 1.5 bcm/year (expandable to 3 bcm) and funded by EIB, EBRD, and EU grants, boosting energy security and EU integration.

  13. about 2 months ago

    [POLITICS] 2 sources
    Macedonia's Chebren and Galishte project to boost energy, water and tourism

    Macedonia's Chebren and Galishte project aims to enhance electricity, water supply and tourism, with financing sought from international lenders or a PPP, and is linked to broader regional infrastructure.

  14. about 2 months ago

    [BUSINESS] 5 sources
    Končar and Dalekovod win €53.8 million wind farm and transmission contract in North Macedonia

    Končar and Dalekovod secured €53.76 million contracts from Alcazar Energy for a 337.5 MW wind farm and transmission works in North Macedonia, boosting their regional renewable‑energy footprint.

  15. about 2 months ago

    [POLITICS] 2 sources
    Macedonia close to ESM‑financed Chebreh and Galishte hydro projects

    Macedonia’s PM Christian Micic says the country is close to an ESM‑backed decision to finance the Chebreh and Galishte hydro‑reservoir projects, aiming at water supply, irrigation, tourism and power generation.

  16. about 2 months ago

    [BUSINESS] 2 sources
    REK Bitola 1 Cogeneration Plant Gets $2.4 M World Bank Grant

    AD ESM and the World Bank signed a $2.4 million grant to fund preparatory work for the REK Bitola 1 cogeneration plant, a €200 million project that will produce electricity and heat, cut emissions and boost MKI

  17. 2 months ago

    [BUSINESS] 2 sources
    North Macedonia to spend €1.5 bn on new hydroelectric and wind power projects

    North Macedonia will invest €1.5 bn in two hydroelectric plants on the Black River and a €400 m wind farm near Štip, plus plans for further wind and gas‑cogeneration projects.

Sources

360stepeni.mk · a1on.mk · alfa.mk · antropol.mk · banks.com.gr · biznisinfo.mk · biznisvesti.mk · boursa.info · brankof.blog.pravda.sk · businessdaily.gr · denesen.mk · economix.gr · enikonomia.gr · enikos.gr · financije.hr · flash.gr · fortunegreece.com · gargalianoionline.gr · greekcitytimes.com · iefimerida.gr · insider.gr · jugoinfo.mk · koha.mk · libertas.mk · lider.mk · lideri.mk · lidermedia.hr · lokalno.mk · lykavitos.gr · makfax.com.mk · meta.mk · mkd.mk · mononews.gr · nabu-bw.de · newmoney.gr · nsuzivo.rs · opserver.mk · plusinfo.mk · portalb.mk · press24.mk · protothema.gr · puls24.mk · reporter.gr · republika.mk · sbctv.gr · serbia-energy.eu · sitel.com.mk · skopje1.mk

This summary has been updated 5 times: see revision history