N. Macedonia news

The net assets managed by North Macedonia's three mandatory pension funds came in at 199.7 billion denars ($3.8 billion/3.2 billion euro) in April, up 3.5% compared with the end of the previous month, official data showed.

North Macedonia's electricity supplier EVN Macedonia, part of Austrian energy group EVN, said it has commissioned the country’s largest licenced battery energy storage system (BESS) with an installed power capacity of 10 MW and storage capacity of 20 MWh.

Southeast Europe (SEE) is well positioned to step up and increase the scale of its defence production, supported by its strong gross domestic product (GDP) growth in recent years and its longstanding tradition in manufacturing, the country manager for ING Bank Bulgaria and ING Bank Austria, Marina Kobakova, said on Tuesday.

The number of foreign tourists visiting North Macedonia increased 7.4% year-on-year to 59,367 in March, the statistical office said on Tuesday.

North Macedonia's state-owned power transmission company MEPSO will initiate international arbitration proceedings against Bosnia and Herzegovina's majority state-owned engineering company Energoinvest over a disputed contract for the construction of a 400 kV transmission line to Albania, after the project was not completed as planned, local media reported.