SAO: Businesses approved for more than 14 billion denars in loans, 44% for domestic production

Private companies in North Macedonia have been approved for loans worth more than 14 billion denars for investment and development. Through these loans on favourable terms, businesses have financed the construction of facilities, the purchase of equipment and the transition to renewable energy sources.

The State Audit Office says that, as of February 2026, 767 projects worth around 14.3 billion denars had been approved under a 250 million euro credit line.

Of the allocated funds, 44% went to domestic production, 25% was used by the trade sector and 10% by transport.

By type of investment, 46% of the funds were used for buildings, 39% for modern equipment and 11% for the transition to renewable energy.

The interest rate on these loans is fixed at 1.95%, while the repayment term is up to 15 years, with a grace period of up to three years. Companies are required to cover at least 20% of the investment value themselves.

The audit found that the Development Bank’s activities in administering the funds comply with the relevant legal and contractual framework.