He expressed satisfaction with the progress so far on this interstate road linking Macedonia with Kosovo. According to him, an inter-ministerial working group within the Public Enterprise for State Roads is drafting the project documentation, a task entrusted to the Faculty of Civil Engineering. The less difficult part of the route has already been completed, although the project as a whole remains highly complex. Nikolloski explained that data have been requested from the Faculty of Civil Engineering for the tunnel section that will cross the border, as the aim is to build a joint tunnel. Information has also been requested from the Kosovar side, because the gallery will start on our territory and emerge in Kosovo. Once this data is received, the faculty will begin designing the tunnel solution.

The minister also announced the establishment of an interstate commission with experts from both countries to advance this initiative. This body includes officials from the Ministry of Transport, the Public Enterprise for State Roads, and the Government of Kosovo. During recent talks with his counterpart in Thessaloniki, about three weeks ago, the importance of the project was discussed extensively and joint next steps were set. Nikolloski stressed that work is progressing at a satisfactory pace, but reminded that the difficult terrain in the Shar Mountain area makes this an extremely costly and complex undertaking.

In today’s parliamentary session, he also announced the start of a new highway that will stretch from Bukojçani to Kërçovë, connecting with the existing Ohrid–Kërçovë route. This initiative, according to the minister, has secured financial support from the European Bank for Reconstruction and Development. Before lawmakers, Nikolloski also recalled that the agreement for the construction of the Skopje–Blace highway has been signed.

The post Tetovo-Prizren and Skopje-Blace road projects in Nikolloski’s focus appeared first on Albeu.com.

The initiative is being implemented with the support of the EBRD, on the basis of a Memorandum of Cooperation. As part of it, up to ten companies will undergo a professional and independent assessment to measure their readiness to enter the capital market through the issuance of shares or bonds.

In addition, they will also take part in a special leadership academy and will receive concrete recommendations on the next steps in preparing to secure financing through the capital market.

“Our position is that companies in Macedonia should not have only one door to this capital. Bank credit is very important, but it would be good if it were not the only solution. Macedonia lacks companies that are ready to attract capital from different investors. Therefore, we as the Macedonian Stock Exchange continuously talk about IPOs and market-based financing; this is also our mission,” said Ivan Shteriev, executive director of the Macedonian Stock Exchange.

“We have developed this project to provide advisory assistance for a maximum of 10 companies, mainly small and medium-sized enterprises, and within the framework of this project we will help these companies better understand the opportunities offered by market capital, and how to use them in their efforts to boost competitiveness,” stressed Maja Stolevska Kostadinovska of the EBRD.

The Macedonian Stock Exchange estimates that this project will contribute to the creation of new financial instruments and the emergence of new issuers in Macedonia’s capital market, thereby encouraging its further development. /rtvm2

The post North Macedonia Stock Exchange launches initiative to prepare companies for market financing appeared first on Albeu.com.