SKOPJE (Macedonia), July 1 (SeeNews) – The Macedonian financial watchdog said on Friday it has given the go-ahead to local non-life insurer Sava Tabak to increase its capital by 2.5 million euro ($3.6 million) through a new share issue. The issue of 5,000 ordinary shares at a sale price of 500 euro apiece will be fully subscribed by an existing shareholder in Sava Tabak, Slovenian reinsurer Sava Re [LJE:POSR], the Macedonian Securities and Exchange Commission said.