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North Macedonia: Planning a gas pipeline connection with Greece
North Macedonia to Diversify its Gas Supply
Considering the ongoing energy crisis in Europe, North Macedonia is looking to diversify its natural gas supply. So far, North Macedonia imported only Russian natural gas through Bulgaria and Turkey, via a pipeline at Deve Bair. The Government of North Macedonia (“Government”) is planning a gas pipeline connection with Greece, as well as investments in […]
Read moreTransition to renewable energy sources and improvement of energy networks
Karanovic & Partners at Energy in the Balkans Conference
Our Partner Petar Mitrović took part at the conference “Energy in the Balkans: Transition to renewable energy sources and improvement of energy networks”. Petar moderated panel discussion “The price of electricity and auction system”. The other participating panellists were Neda Lazendić, director at WV-International Serbia, Dejan Popović, president of the Council of Energy Agency of […]
Read moreNorth Macedonia: Enabling future investments in start-ups
Amendments to the Company Law (2004) to Provide Opportunities for Start-up Companies in North Macedonia
In April 2022, the Assembly of the Republic of North Macedonia adopted amendments to the Company Law (“Law”) which will open new opportunities for business angels to invest in start-up companies. The main purpose of the amendments is to encourage innovation and development in the start-up ecosystem of North Macedonia. One of the key amendments […]
Read moreDigitalization of payments in North Macedonia
Important Development in the Payment Services Legislation in North Macedonia
In April 2022, the Parliament of North Macedonia adopted the Law on Payment Services and Payment Systems (“Law”), which is greatly harmonized with European Union directives (e.g. Directives (EU) 2015/2366, 2009/110/EC, 98/26/EC, 2014/92/EU) and regulations (e.g. Regulations (EU) 2015/751 and 260/2012). The application of the Law will begin from 1 January 2023, while legal entities […]
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