Monday, 10th February 2025

Leadership Change at North Macedonia’s National Electricity Market Operator MEMO

North Macedonia’s National Electricity Market Operator, MEMO, has appointed Zoran Gjorgjievski as its new CEO, succeeding Simon Shutinoski

Gjorgjievski, previously head of MEMO’s organized electricity market department, has taken the helm with a commitment to advancing the country’s electricity market.

As he steps down, Shutinoski expressed his best wishes for Gjorgjievski, emphasizing the importance of upcoming modernization projects.

Under Shutinoski’s leadership since MEMO’s inception in 2019, the institution successfully launched the North Macedonian electricity exchange and a day-ahead market 

Gjorgjievski, who joined the electricity market operator in 2014, vowed to approach his new role with integrity and dedication, focusing on the development of all segments of North Macedonia’s electricity market. His leadership will be crucial as MEMO continues its efforts toward market coupling with Greece or Bulgaria, aiming to integrate more closely with regional electricity markets.

The new CEO’s appointment comes at a pivotal time. In November, North Macedonia, Greece, Albania, and Kosovo* signed memoranda of understanding to couple their day-ahead electricity markets, a project initiated by the United States. This regional collaboration underscores the importance of MEMO’s role in enhancing market efficiency and cross-border electricity trading.

With Gjorgjievski at the helm, MEMO is poised to continue its trajectory of growth and integration within the regional energy landscape, reinforcing its position as a key player in the Balkans’ electricity market.

Photo sourceLinkedin/MEMO Ltd

Revoz Set to Begin Production of Nissan’s Electric Pixo

Revoz, Renault’s Slovenian subsidiary, is preparing to launch the production of the revamped electric Twingo in 2026, but the...

Aleph Named TikTok’s Exclusive Sales Partner in Eastern & Baltic Markets

In a strategic move to further consolidate its presence in Central and Eastern Europe, TikTok has appointed Aleph as...

Volkswagen Leads Croatia’s Auto Market in January 2025

In January 2025, Volkswagen emerged as the leading brand in Croatia’s automotive sector, capturing a market share of 12.3%...

Croatia’s Industrial Shift Sees Fewer Jobs but Rising Productivity

Croatia’s industrial sector is grappling with unexpected challenges - while the number of jobs decreases, productivity continues to rise. According...

Slovenian Iskra Expands Footprint with New Factory in Bosnia and Logistics Hub in Serbia

Slovenian industrial giant Iskra is intensifying its regional footprint with a new manufacturing plant in Bosnia and a logistics...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities