Economics
GOVERNMENT APPROVES ACTION PLAN FOR NATURAL GAS EMERGENCIES
The government has approved the regulation on natural gas emergencies and the action plan for natural gas emergencies.
detailsWORLD BANK NOTES STABLE GROWTH OF MOLDOVAN BANKING SECTOR, POINTING TO DECREASE IN BANKS' PROFITS
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.
detailsMOLDOVA AND ROMANIA SIGN MEMORANDUM OF UNDERSTANDING AND COOPERATION IN ENERGY SECTOR
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.
detailsPRIME MINISTER DORIN RECEAN: EU HELPS MOLDOVA TO CREATE A DEVELOPED ECONOMY AND A COMPETITIVE BUSINESS ENVIRONMENT
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.
detailsIMF WORSENS FORECAST FOR MOLDOVAN ECONOMIC GROWTH IN 2025 FROM 4.8% TO 3.7%
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%.
detailsSCIENTISTS URGE MOLDOVAN FARMERS TO ADAPT PRODUCTION TO CLIMATE CHANGE
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.
detailsINDUSTRIAL PRODUCTION IN MOLDOVA IN AUGUST - 3.5% LESS THAN A YEAR AGO
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.
detailsHEAD OF EUROPEAN PARLIAMENTARY DELEGATION FOR RELATIONS WITH MOLDOVA CONFIDENT THAT MOLDOVA'S EUROPEAN INTEGRATION WILL CONTINUE
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.
detailsANOTHER SHIPMENT OF RAILS FOR THE MOLDOVAN RAILROADS RESTRUCTURING PROJECT HAS ARRIVED IN MOLDOVA
The fourth consignment of rails for the overhaul of railroads has arrived in Moldova from Kazakhstan.
detailsDEPUTY PRIME MINISTER VLADIMIR BOLEA: MOLDOVA IS INTERESTED IN POLAND'S EXPERIENCE IN AGRICULTURE
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.
detailsRATE ON LOANS FOR MOLDOVAN AGRARIANS UNDER PROGRAMS OF INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT (IFAD) REDUCED TO 7.7%
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.
detailsMOLDOVAGAZ COMPANY CONTINUES TO PURCHASE GAS FOR THE COLD SEASON - ACTING CHAIRMAN OF THE ADMINISTRATIVE COUNCIL
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.
detailsPENSIONS IN MOLDOVA TO INCREASE BY ALMOST 300 LEI IN 2024
At the beginning of October, the National Social Insurance Fund (CNSS) had just over 674,000 pensioners, 835 fewer than at the beginning of 2024. According to INFOTAG, citing the agency's data, the average pension increased by 288.35 lei, exceeding 3,965 lei ($225).
detailsBEMOL ADDRESSES OPEN LETTER TO MOLDOVAN PRESIDENT MAIA SANDU
Bemol, a major operator of the oil products market in Moldova, has addressed an open letter to President Maia Sandu. The company appeals to the head of state to point out “unprecedented violations involving the European Bank for Reconstruction and Development (EBRD) regarding Bemol's assets and rights related to Danube Logistics SRL (Giurgiulesti port), which undermine the rule of law and the Moldovan Constitution.”
detailsMOLDOVAN PRESIDENT MAIA SANDU: NEW EU SUPPORT OF 1.8 BILLION EUROS WILL ALLOW MOLDOVA TO BUILD A STRONG ECONOMY
The new EU support of 1.8 billion euros for the next three years will allow Moldova to build a strong economy. President Maia Sandu thanked Ursula von der Leyen at a press conference on Thursday with Ursula von der Leyen “for the new substantial assistance, which has a symbolic name - the Economic Growth Plan,” INFOTAG reports.
detailsEU INVESTS 1.8 BLN. EUROS IN MOLDOVA'S ECONOMY IN THE NEXT THREE YEARS
The European Union will invest 1.8 billion euros in the Moldovan economy in the next three years. As INFOTAG reports, this was announced by the President of the European Commission Ursula von der Leyen at a press conference on Thursday during her visit to Chisinau.
detailsMOLDOVAN AND ROMANIAN ENERGY COMPANIES TO LAUNCH PROJECT TO INTEGRATE TWO COUNTRIES' POWER GRIDS
Representatives of the Energy Ministry and industry enterprises met in Bucharest with Romanian companies with the support of USAID Moldova to launch a project on the integration of energy networks of the two countries. The energy ministry's press service reproted that this integration, called “market interconnection,” is designed to facilitate electricity trade at a better price between Moldova and Romania, as well as other European markets.
detailsGOVERNMENT INTRODUCES MANDATORY TIRE LABELING
The Cabinet of Ministers on Wednesday approved a technical regulation on tire labeling developed by the Energy Ministry. The document updates the legal norms on tire labeling with regard to fuel efficiency, grip on the road/wet surface and external rolling noise.
detailsPOLAND HAS CLEARLY DEMONSTRATED HOW EU FUNDS AND SMART REFORMS CAN TRANSFORM AGRICULTURE
Poland has demonstrated in practice how EU funds and smart reforms can transform agriculture and rural economy. The representative office of the Polish foundation “Solidarity” in Chisinau stated this on social networks.
detailsECONOMY MINISTER: EXPORTS OF SOME AGRICULTURAL PRODUCTS TO EU TRIPLED AFTER TAX DUTIES WERE CANCELED
Exports to the European Union of some categories of Moldovan agricultural products tripled after the abolition of duties in 2022. According to the agency INFOTAG, this was written in social networks by Deputy Prime Minister, Minister of Economy Dumitru Alaiba.
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