Moldova remains committed to strengthening ties and working with our partners to create a safe and prosperous Europe. President Maia Sandu, who is attending the European Political Community summit in Budapest, wrote this on social networks, INFOTAG news agency reports.

The Moldovan government has approved the program of state property management for 2024-2027. The program aims to improve the management of state-owned enterprises and companies with state capital and offers concrete solutions to address a number of identified shortcomings.

Moldova will receive a grant of 10.7 million euros from the German government through the German Development Bank (KfW) to develop the local business environment. The Ministry of Economic Development and Digitalization informed INFOTAG that the funds will be provided for the implementation of the project “Fund for the Development of Small and Medium Enterprises in Moldova”.

Moldova's economy will grow by 2.5 percent in 2024, down from the previous forecast in which the Ministry of Economic Development and Digitalization envisaged GDP growth of 3.5 percent. According to the INFOTAG news agency, the updated macroeconomic forecast published by the ministry shows that nominal GDP this year will be 320 billion lei ($17.9 billion), down from 300.4 billion lei in 2023.

Moldova and Saudi Arabia have signed a general cooperation agreement between the governments of the two countries. The document was signed in Riyadh by the foreign ministers of the two countries, Mihai Popsoi and Faisal bin Farhan Al-Saud.

Moldovan authorities are discussing with a number of partner countries the creation of guarantee funds for foreign investments that will come to the Moldovan market during the war in neighboring Ukraine. This was announced on Friday by presidential candidate Maia Sandu at a meeting with Russian-speaking journalists.

Agricultural production in Moldova in January-September decreased by 6.8% compared to the same period of 2023. As INFOTAG reports, such data were released by the National Bureau of Statistics, noting that the volume of crop production decreased by 15.5% over the year, while livestock production - on the contrary, increased by 10.9%.

Energocom JSC intends to purchase in November for the needs of right-bank Moldova about 380 thousand MWh of electricity, of which 202 thousand MWh (about 53%) - from Moldavskaya GRES, owned by the Russian group “Inter RAO”. The company's press service reported that in October about 310 thousand MWh - 90% of imported electricity - was purchased from GRES.

The government has approved the regulation on natural gas emergencies and the action plan for natural gas emergencies.

The World Bank (WB) notes the stable growth of the banking sector in Moldova, indicating an increase in commercial banks' assets and deposits. In the bank's presented document on the growth prospects of the Moldovan economy, WB experts pay attention to the fact that banks' profits fell in September compared to the same period last year due to the decrease in interest income.

Moldova and Romania have signed a Memorandum of Understanding and Cooperation in the energy sector to implement joint projects and develop partnerships to promote innovations in the energy sector. The document was signed on Thursday in Chisinau by Energy Ministers of the two countries Victor Parlicov and Sebastian Burduja.

The European Union helps Moldova to create a developed economy and a competitive business environment. This was stated by Prime Minister Dorin Recean at the EU4Business conference on Thursday, INFOTAG news agency reports.

Moldova's economy will grow by 3.7% in 2025, not 4.8% as previously expected. This is evidenced by new forecasts of the International Monetary Fund (IMF), released in the October report “World Economic Outlook” (World Economic Outlook). The forecast for this year in the report remained unchanged - 2.6%.

Scientists urge Moldovan agrarians to adapt production to climate change. The press service of the Ministry of Agriculture and Food Industry reported that this was discussed at a meeting where the Ministry's specialists together with scientists discussed how to choose the best crops for each region of the country depending on the local climate and soil.

The Bureau of Statistics has calculated the volume of industrial production in Moldova, which in August decreased by 3.5% compared to the last month of summer 2023. For eight months, the situation looks slightly better - a decrease of 1.6% compared to January-August last year.

The head of the European Parliament (EP), Siegfried Muresan, delegation for relations with Moldova is confident that Moldova's European integration will continue. He wrote this on his Facebook page, commenting on the results of the referendum on European integration held in Moldova.

The fourth consignment of rails for the overhaul of railroads has arrived in Moldova from Kazakhstan.

Poland's experience in agriculture is very valuable for the modernization of the sector in Moldova, especially in the context of the European integration process.

The rate on loans for Moldovan agrarians within the programs of the International Fund for Agricultural Development (IFAD) has been reduced to 7.7%. The Consolidated Unit for Project Implementation (UCIP) announced this.

Moldovagaz company continues gas purchases for the cold period of time. As INFOTAG reports, this was written in his telegram channel by the acting chairman of the Administrative Council of the company, Vadim Ceban.