3rd June 2026, Skopje - Today, the Minister of Finance, Gordana Dimitrieska-Kochoska, announced that the 2020 Eurobond, totalling EUR 700 million, has been fully repaid, with the funds required therefore being projected and secured in advance. The funds were deposited on the FX account, with the repayment being completed as per the planned dynamics.
“Today, the Eurobond, issued in 2020, totalling EUR 700 million, was fully repaid. Thus, we have fulfilled our obligation to investors. The funds were disbursed on our part as early as last week, and today they have already been deposited into the investors’ accounts. As previously noted, in February this year, we made an early repayment of part of this Eurobond, amounting to EUR 383.7 million. Our objective was to use the funds provided through the Eurobond issued in January 2026, for early redemption, thereby generating savings on the basis of interest Hence, EUR 3.2 million was saved in the Budget,” the Minister highlighted during the joint press-conference with Prime Minister, Hristijan Mickoski.
She emphasized that this is part of the broader range of activities continuously undertaken by the Ministry of Finance to ensure timely and regular servicing of all obligations of the state. Since taking over the public finance management in the second half of 2024, the Ministry has serviced liabilities totalling EUR 4.556 billion. Looking ahead, liabilities amounting to around EUR 9 billion fall due for repayment, as we continue to follow a prudent and responsible course in managing liabilities.
“In the second half of 2024, we repaid EUR 786 million in debt liabilities. Throughout 2025 and 2026, EUR 2.198 billion and EUR 1.571 billion was repaid respectively. In 2027, debt liabilities amounting to EUR 1.4 billion fall due for repayment, followed by EUR 1.9 billion in 2028, EUR 1.1 billion in 2029, EUR 1.7 billion in 2030, and EUR 1.2 billion in 2031, coupled by 12‑month treasury bills that will mature during the 2026–2031 period, meaning that approximately EUR 1 billion per year will fall due, and will be repaid on a continuous basis,” the Minister emphasized.
She added that these liabilities are already known and included in the medium-term Public Debt Management Strategy, and that in the coming period, prudent planning and timely provision of funds for their servicing will be pursued.
According to the Minister, this represents a realistic and manageable situation that is being addressed in an accountable and transparent manner. As she stressed, the focus is on both the present and the future, ensuring timely servicing of all liabilities, retaining the country’s credit rating, and safeguarding public finance stability. At the same time, we remain fully committed to fiscal consolidation, gradual narrowing of the budget deficit and the public debt, as well as ensuring funding for investments and development. This has been the guiding concept since day one, aimed at ensuring sustainable economic growth and a higher standard of living for citizens.
At the press conference, where the Prime Minister referred to the latest published data on GDP growth in the first quarter of 2026, it was pointed out that in parallel to timely servicing of liabilities, the economy continues to deliver positive results.
“Today’s data on economic activity are yet another indicator that we can simultaneously pursue a responsible fiscal policy, repay all debt liabilities to creditors, and create conditions for economic growth. In this context, the capital expenditure execution continues, the budget deficit is gradually decreasing, and public debt is being maintained at a stable and sustainable level. Our commitment remains unchanged: gradual fiscal consolidation, deficit reduction, prudent debt management, and fostering higher economic growth. The ultimate objective of all these policies is to ensure that, in times of global uncertainty, the economic performance is reflected in the daily lives of citizens through higher living standards, scaled-up investments, and greater opportunities for the country’s development,” Minister of Finance, Gordana Dimitrieska‑Kochoska, underscored.
