08
Thu, May
76 New Articles

North Macedonia’s formal accession to the Single Euro Payments Area (“SEPA”) marks a significant step toward deeper European financial integration. Following the European Payments Council’s (“EPC”) decision in early 2025 to extend SEPA’s geographical scope to include the Republic of North Macedonia, commercial banks and other payment service providers (“PSPs”) based in the country are now eligible to join the SEPA Credit Transfer (“SCT”) scheme. This milestone will enable citizens and businesses in the Republic of North Macedonia to send and receive euro payments under the same efficient and standardized conditions enjoyed across the SEPA area.

Expropriation is the process of taking or limiting ownership and other property rights over real estate for the purpose of realizing a public interest as defined by law. In the Republic of North Macedonia, this process is regulated by a specific Law on Expropriation.

CMS has advised Synlab International on the sale of its business activities in Eastern Europe – including its entities in Croatia, North Macedonia, Romania, Slovenia, Turkiye, and Cyprus – to Medicover Group. Schoenherr advised Medicover.

Unfair trade practices refer to deceptive, unethical, or manipulative actions carried out by businesses, that violate consumer protection laws and harm the consumers. These practices contradict professional conduct and significantly distort the economic interests and decision-making of the average consumer, often targeting vulnerable groups.

The Commission for Protection of the Competition of North Macedonia (CPC) has significantly intensified its enforcement activities in the food retail sector, signalling a stricter regulatory approach toward potential anti-competitive behaviour.

With the rollout of 5G technology, North Macedonia will have to clear a number of legal and regulatory hurdles before benefitting from its potential to transform industries, improve connectivity, and drive economic growth. The country’s telecommunications framework faces the dual challenge of accommodating this groundbreaking technology while ensuring alignment with EU standards.

In recent years, it has become increasingly common for companies in North Macedonia to choose arbitration as the method for resolving disputes in cooperation agreements, instead of judicial proceedings, which usually take considerably longer. However, the Macedonian legislature has not fully regulated all the legal aspects related to arbitration procedures.