On Monday 6 February, the European Commission proposed to provide up to €100 million of macrofinancial assistance to North Macedonia in the form of two loan tranches with a maximum maturity of 15 years, to help the EU candidate country meet its financial commitments.
Following Russia’s war of aggression against Ukraine, North Macedonia has experienced a rapid deterioration of its external balance, due to its heavy dependence on fuel and electricity imports, the EU institution said in...