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Greek Investments In North Macedonia
North Macedonia generally has good business relations with Greece and enjoys substantial inward investment from Greece. However, the Macedonia naming dispute, naming dispute had inhibited the establishment of full diplomatic relations so far but has not prevented both countries from engaging in military and security co-operation, cross-border investments, and cultural exchanges. Background Since the end of the Greek embargo, which lasted between February 1994 and September 1995, Greece has become one of the most important business partners of North Macedonia. Greece is the fourth most important investor in the country (12.1% of total foreign direct investments), behind the Netherlands, Slovenia and Hungary. The acquisitions of Stopanska Banka, Stopanska Bank by the National Bank of Greece, the OKTA refinery by Hellenic Petroleum, and the mobile operator Cosmofon by the Greek Cosmote, Cosmote Group are some of the largest Greek business undertakings in North Macedonia so far. Ac ...
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Nikola Gruevski
Nikola Gruevski ( mk, Никола Груевски, pronounced ; hu, Nikola Gruevszki; born 31 August 1970) is a Macedonian politician who served as Prime Minister of Macedonia from 2006 until his resignation, which was caused by the 2016 Macedonian protests, and led the VMRO-DPMNE party from 2004 to 2017. Under the Pržino Agreement mediated by the European Union, Gruevski agreed to resign and left his post on 18 January 2016. In May 2018 he was sentenced to two years in prison on corruption charges. In November 2018 he was ordered to serve his sentence but failed to check-in with authorities and instead fled to Hungary, where he sought and was granted political asylum. He has been accused of promoting the controversial identity politics called antiquization. Under his leadership the country which had pro-European and pro-NATO policy, has changed sides to pro-Russian, pro-Serbian and anti-Western one. He has opposed to the Friendship treaty signed with Bulgaria in 2017 a ...
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Economy Of North Macedonia
The economy of North Macedonia has become more liberalized, with an improved business environment, since its independence from Yugoslavia in 1991, which deprived the country of its key protected markets and the large transfer payments from Belgrade. Prior to independence, North Macedonia was Yugoslavia's poorest republic (only 5% of the total federal output of goods and services). An absence of infrastructure, United Nations sanctions on its largest market (the Federal Republic of Yugoslavia), and a Greek economic embargo hindered economic growth until 1996. Worker remittances and foreign aid have softened the subsequent volatile recovery period. The country's GDP has increased each year except in 2001, rising by 5% in 2000. However, growth in 1999 was held down by the severe regional economic dislocations caused by the Kosovo War. Successful privatization in 2000 boosted the country's reserves to over $700 million. Also, the leadership demonstrated a continuing commitment to ...
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Veropoulos
Veropoulos ( el, Βερόπουλος) was a large retail group based in Greece until 2016. It held the SPAR retail franchise for Greece, with the franchise still present in the country after Spar's cooperation agreement with the Asteras Group. As a result of bankruptcy, Veropoulos was bought in 2016 by the Metro Group, which re-branded the stores soon after as My Market stores. In Crete, Veropoulos operated stores under the name of ''Chalkiadakis''. Outside Greece, Veropoulos operated supermarkets in the Republic of North Macedonia as ''Vero'', and in Serbia as ''SuperVero''. The company was established in 1973, when the first Veropoulos supermarket opened in Athens. As of 2012, the company owned 185 stores in Greece, 10 stores in the Republic of North Macedonia and six hypermarkets in Serbia. In Greece, Veropoulos was the fourth-biggest supermarket chain in terms of market share. The firm belonged to the Veropoulos family who are also the founders of the company. Stores These we ...
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Alpha Bank
Alpha Bank is the second largest Greek bank by total assets, and the largest by market capitalization of €2.13 billion (as of 4 December 2018). It has a subsidiary and branch in London, England and subsidiaries in Albania, Cyprus and Romania. Founded in 1879, it has been controlled by the Costopoulos family since its inception. Most recently, Ioannis Costopoulos, grandson of original founder John F. Costopoulos, and nephew of Stavros Costopoulos, foreign minister in the government of Georgios Papandreou, served in many important capacities before his death March 9, 2021. History In Greece In 1879, John F. Costopoulos established a small commercial firm in the city of Kalamata. The banking department of the "J.F. Costopoulos" firm changed its name to Bank of Kalamata in 1918. The bank moved its headquarters to Athens and changed its name to Banque de Credit Commercial Hellenique in 1924, and on 2 November 1925 the bank was listed on the Athens Exchange. The bank changed i ...
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Alpha Bank Skopje
Alpha Bank Skopje (full name: Alpha Bank AD Skopje) is the subsidiary of the Greek bank Alpha Bank, in the Republic of North Macedonia. In 1999, Alpha Bank officially agreed to the purchase of a 65 Percent (%) stake in the Macedonian Kreditna Banka. In 2002, Alpha Bank Alpha Bank is the second largest Greek bank by total assets, and the largest by market capitalization of €2.13 billion (as of 4 December 2018). It has a subsidiary and branch in London, England and subsidiaries in Albania, Cyprus and Romania ..., Athens acquired the minority stake and changed its name to Alpha Bank Skopje. History In April 1993, one of the first private Banks of the country was established, then named Kreditna Banka AD Skopje. In January 2000, Alpha Bank, Athens acquired the majority stake in the Bank and became the main shareholder. In April 2002, the Bank was renamed into Alpha Bank AD Skopje, following Alpha Bank Group worldwide policy. In August 2002, Alpha Bank, Athens acquired t ...
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Telecommunications
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that feasible with the human voice, but with a similar scale of expediency; thus, slow systems (such as postal mail) are excluded from the field. The transmission media in telecommunication have evolved through numerous stages of technology, from beacons and other visual signals (such as smoke signals, semaphore telegraphs, signal flags, and optical heliographs), to electrical cable and electromagnetic radiation, including light. Such transmission paths are often divided into communication channels, which afford the advantages of multiplexing multiple concurrent communication sessions. ''Telecommunication'' is often used in its plural form. Other examples of pre-modern long-distance communication included audio messages, such as coded drumb ...
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UN Security Council
The United Nations Security Council (UNSC) is one of the six principal organs of the United Nations (UN) and is charged with ensuring international peace and security, recommending the admission of new UN members to the General Assembly, and approving any changes to the UN Charter. Its powers include establishing peacekeeping operations, enacting international sanctions, and authorizing military action. The UNSC is the only UN body with the authority to issue binding resolutions on member states. Like the UN as a whole, the Security Council was created after World War II to address the failings of the League of Nations in maintaining world peace. It held its first session on 17 January 1946 but was largely paralyzed in the following decades by the Cold War between the United States and the Soviet Union (and their allies). Nevertheless, it authorized military interventions in the Korean War and the Congo Crisis and peacekeeping missions in Cyprus, West New Guinea, and the Si ...
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Thessaloniki
Thessaloniki (; el, Θεσσαλονίκη, , also known as Thessalonica (), Saloniki, or Salonica (), is the second-largest city in Greece, with over one million inhabitants in its Thessaloniki metropolitan area, metropolitan area, and the capital city, capital of the geographic regions of Greece, geographic region of Macedonia (Greece), Macedonia, the administrative regions of Greece, administrative region of Central Macedonia and the Decentralized Administration of Macedonia and Thrace. It is also known in Greek language, Greek as (), literally "the co-capital", a reference to its historical status as the () or "co-reigning" city of the Byzantine Empire alongside Constantinople. Thessaloniki is located on the Thermaic Gulf, at the northwest corner of the Aegean Sea. It is bounded on the west by the delta of the Vardar, Axios. The Thessaloniki (municipality), municipality of Thessaloniki, the historical center, had a population of 317,778 in 2021, while the Thessaloniki metro ...
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Bitola
Bitola (; mk, Битола ) is a city in the southwestern part of North Macedonia. It is located in the southern part of the Pelagonia valley, surrounded by the Baba, Nidže, and Kajmakčalan mountain ranges, north of the Medžitlija-Níki border crossing with Greece. The city stands at an important junction connecting the south of the Adriatic Sea region with the Aegean Sea and Central Europe, and it is an administrative, cultural, industrial, commercial, and educational centre. It has been known since the Ottoman period as the "City of Consuls", since many European countries had consulates in Bitola. Bitola, known during the Ottoman Empire as Manastır or Monastir, is one of the oldest cities in North Macedonia. It was founded as Heraclea Lyncestis in the middle of the 4th century BC by Philip II of Macedon. The city was the last capital of the First Bulgarian Empire (1015-1018) and the last capital of Ottoman Rumelia, from 1836 to 1867. According to the 2002 census, Bit ...
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European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ...
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Kosovo Crisis
The Kosovo War was an armed conflict in Kosovo that started 28 February 1998 and lasted until 11 June 1999. It was fought by the forces of the Federal Republic of Yugoslavia (i.e. Serbia and Montenegro), which controlled Kosovo before the war, and the Kosovo Albanian rebel group known as the Kosovo Liberation Army (KLA). The conflict ended when the North Atlantic Treaty Organization (NATO) intervened by beginning air strikes in March 1999 which resulted in Yugoslav forces withdrawing from Kosovo. The KLA was formed in the early 1990s to fight against Serbian persecution of Kosovo Albanians, with the goal of uniting Kosovo into a Greater Albania. It initiated its first campaign in 1995 when it launched attacks against Serbian law enforcement in Kosovo. In June 1996, the group claimed responsibility for acts of sabotage targeting Kosovo police stations, during the Kosovo Insurgency. In 1997, the organisation acquired a large amount of arms through weapons smuggling from Albani ...
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