Macedonia may be forced to pay over 1.3 billion EUR in damages for canceled projects
Macedonia stands to pay over 1.3 billion EUR in various lawsuits against companies who sought to do business here but were blocked. The usual pattern is the one where a project planned by the previous VMRO-DPMNE led Government was blocked by the SDSM - DUI coalition. The largest of these is the Ilovica copper mine near Strumica, although SDSM and DUI appear open to allow it to go ahead, after a company close to DUI bought a significant share in the company developing it. The most recent case is that of the Albanian Amadeus Group, which seeks 110 million USD in damages after it won a contract to build a hotel at the Skopje city square. The Italian FCL Ambiente company is also suing after a bid to take over the large Drisla garbage dump site near Skopje was nullified. SDSM and DUI also stopped the construction of a modern clinic building in the Skopje clinical campus, which is also subject to lawsuits. The post Macedonia may be forced to pay over 1.3 billion EUR in damages for canceled projects appeared first on Republika English.
Macedonia stands to pay over 1.3 billion EUR in various lawsuits against companies who sought to do business here but were blocked. The usual pattern is the one where a project planned by the previous VMRO-DPMNE led Government was blocked by the SDSM - DUI coalition.
The largest of these is the Ilovica copper mine near Strumica, although SDSM and DUI appear open to allow it to go ahead, after a company close to DUI bought a significant share in the company developing it.
The most recent case is that of the Albanian Amadeus Group, which seeks 110 million USD in damages after it won a contract to build a hotel at the Skopje city square. The Italian FCL Ambiente company is also suing after a bid to take over the large Drisla garbage dump site near Skopje was nullified. SDSM and DUI also stopped the construction of a modern clinic building in the Skopje clinical campus, which is also subject to lawsuits.
The post Macedonia may be forced to pay over 1.3 billion EUR in damages for canceled projects appeared first on Republika English.
