North Macedonia’s highest-grossing companies

North Macedonia’s highest-grossing companies

North Macedonia’s economy is primarily driven by trade, industry, and services. The country’s strategic location in Southeastern Europe makes it a hub for regional trade and investment. Here are the highest-grossing companies in North Macedonia, along with insights into their operations and significance:

1. OKTA AD Skopje

OKTA is North Macedonia’s leading oil refining and distribution company. It is part of the Hellenic Petroleum Group, a major energy player in Southeast Europe. OKTA dominates the market by supplying petroleum products to North Macedonia and neighboring countries. The company also operates a vast network of gas stations and focuses on maintaining high environmental and operational standards.

2. EVN Macedonia

EVN Macedonia is the primary electricity distribution company in the country. It is part of Austria’s EVN Group. The company manages electricity distribution for millions of residents and businesses. EVN Macedonia invests heavily in upgrading the energy infrastructure and implementing sustainable practices, making it a key player in the country’s energy sector.

3. Makpetrol AD

Makpetrol is the largest oil retailer and distributor in North Macedonia, competing directly with OKTA. With an extensive network of gas stations, it supplies fuels, lubricants, and natural gas across the country. Makpetrol has diversified its operations into other sectors, such as hospitality and renewable energy, further solidifying its role as a leading enterprise.

4. Alkaloid AD Skopje

Alkaloid is one of the most prominent pharmaceutical and chemical companies in North Macedonia. The company produces medications, cosmetics, and chemicals, and exports its products to over 30 countries. With a focus on research and innovation, Alkaloid has built a strong reputation in regional and global markets.

5. Johnson Matthey

Johnson Matthey, a global leader in sustainable technologies, operates one of its largest facilities in North Macedonia. The company produces automotive catalytic converters, making it a critical part of the global automotive supply chain. It employs thousands of workers and contributes significantly to the country’s export earnings.

6. TAV Macedonia

TAV Macedonia manages the country’s two international airports, in Skopje and Ohrid. The company is part of the TAV Airports Holding group, headquartered in Turkey. It plays a vital role in facilitating trade and tourism by managing modern airport facilities and ensuring connectivity with major global destinations.

7. Makedonski Telekom

Makedonski Telekom, majority-owned by Deutsche Telekom, is the leading telecommunications provider in North Macedonia. The company offers a range of services, including mobile, fixed-line, and broadband internet. With its advanced infrastructure, Makedonski Telekom is at the forefront of digital transformation in the country.

8. Komercijalna Banka

Komercijalna Banka is one of the largest financial institutions in North Macedonia. It offers a comprehensive range of banking services, including retail, corporate, and investment banking. The bank has played a crucial role in financing key projects and supporting the growth of local businesses.

9. Feni Industries

Feni Industries is a major producer of ferronickel, a key material in the stainless steel industry. Located in Kavadarci, the company contributes significantly to North Macedonia’s exports. It is a vital player in the country’s mining and metallurgy sector.

10. Tikveš Winery

Tikveš is the leading wine producer in North Macedonia and one of the most renowned in the Balkans. The company produces high-quality wines that are exported worldwide, contributing to the country’s reputation as a wine-growing region. Tikveš combines traditional winemaking methods with modern technology.

Conclusion

These companies represent the backbone of North Macedonia’s economy. They span diverse sectors, including energy, pharmaceuticals, banking, and agriculture, and play a crucial role in the country’s development. By driving exports, creating jobs, and fostering innovation, these enterprises significantly contribute to North Macedonia’s economic growth and global integration.