North Macedonia

North Macedonia

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North Macedonia

  • Population: 1.8 million
  • GDP: €11.3 billion
  • GDP per capita: €5,170
  • Public Debt: 51.25% GDP
  • EU Candidate: December 2005

'WBIF investments are instrumental in connecting people, creating jobs and boosting economic development in North Macedonia and the entire Western Balkans. WBIF projects bring tangible benefits to the lives of people and accelerate the EU integration of the region.'

Ambassador David Geer

Since 2009, the WBIF has supported 27 projects with an estimated value of €2.6 billion in North Macedonia.

The country has benefited from 43 grants totalling €421.4 million in technical assistance and investment co-financing. The EU grant support channelled through the WBIF accounts for €398.1 million and covers both technical assistance and investment works. Other donors have contributed €23.3 million as well. 

€421.4 m

Investment grants:  €392m

Technical assistance: 29.4m


2.6bn

565m

WBIF Grants

IPA II bilateral grants

Transport

Sustainable Transport

€295.7m

€107.6m

Energy

Clean Energy

€38.6m

-

Environment & Climate

€73.6m

€120.3m

Human Capital

€12.9m

€44.3m

Digital Future

€0.6m

-

Competitiveness

Breakdown of support provided below

€164.6m

Total

€421.4m

€436.8m

Achieved results

(2009 – 2021)

  • 36.8 MW renewable energy installed
  • 70 km of transmission lines upgraded   
  • Better schools for more than 78,000 students/year   
  • Healthcare research and treatment facilities for 1.8 million people   
  • New prison facilities in line with European standards for 1,870 detainees

Expected results

(2022 – 2030)

  • 56 km of motorways   
  • 191 km of railway lines, 1 joint border station   
  • 168 km of transmission lines upgraded   
  • 483 MW electricity from renewables for over 76,000 households   
  • 84 km of gas pipelines   
  • Improved water/wastewater systems for more than 600,000 people  
  • Better schools for 56,200 students   
  • Healthcare treatment and research facilities for 200,000 people   
  • 174,600 people with access to ultrafast internet in 'white' and 'grey' zones

Support to Private Sector

wb edif

The Western Balkans Enterprise Development & Innovation Facility

  • €36.5m in financing for SMEs
  • 141 SMEs supported
  • 7 equity investments (€3.3m)
  • €3.9 m in technical assistance and advisory to SMEs
efse

European Fund for Southeast Europe

  • €210.3m sub-loan investments
  • 10,649 sub-loans provided
  • 2,257 beneficiaries supported
ggf.

Green for Growth Fund

  • €36.7m sub-loan investments
  • 6,050 sub-loans
  • 161,899 MWh/yr primary energy savings
  • 46,853t CO2/yr emissions reduction
regional energy

The Regional Energy Efficiency Programme

  • €13.6m in financing for residential sector (GEFF)
  • €2.2m in direct financing for private sector
  • Improved energy efficiency

Latest North Macedonia News

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EU-funded solar plant starts operating in North Macedonia
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06-04-2022

EU-funded solar plant starts operating in North Macedonia

The first large-scale solar plant in North Macedonia ‒ financed with the support of the European Union, WBIF b...

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Progress made on North Macedonia’s largest environmental project
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03-03-2022

Progress made on North Macedonia’s largest environmental project

On 1 March, a key step in the implementation of the €136 million EU-supported project was made with the announ...

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European Commission launches €3.2 billion investment package in the Western Balkans
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25-02-2022

European Commission launches €3.2 billion investment package in the Western Balkans

Today, the European Commission has unveiled a substantial €3.2 billion investment package to support 21 transp...

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Videos

Publications

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WBIF Newsletter April 2022
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08-04-2022

WBIF Newsletter April 2022

WBIF Newsletter April 2022

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WBIF 2022 Endorsed Flagship Projects
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25-02-2022

WBIF 2022 Endorsed Flagship Projects

The WBIF, on 23 February 2022, endorsed 21 flagship projects in key railway, road and waterway interconnection...

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North Macedonia and the Western Balkans Investment Framework
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03-10-2021

North Macedonia and the Western Balkans Investment Framework

Brochure on WBIF activities in North Macedonia in English (last updated in September 2021). 

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Partner Financial Organisations

Western Balkan Partners