Economics

​AGRICULTURAL PRODUCTION IN MOLDOVA FELL BY 6.8%

​AGRICULTURAL PRODUCTION IN MOLDOVA FELL BY 6.8%
31 octomber, 2024

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%.

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ENERGOCOM INTENDS TO REDUCE ITS ELECTRICITY PURCHASES FROM MOLDOVAN POWER PLANT IN NOVEMBER

ENERGOCOM INTENDS TO REDUCE ITS ELECTRICITY PURCHASES FROM MOLDOVAN POWER PLANT IN NOVEMBER
31 octomber, 2024

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.

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GOVERNMENT APPROVES ACTION PLAN FOR NATURAL GAS EMERGENCIES

GOVERNMENT APPROVES ACTION PLAN FOR NATURAL GAS EMERGENCIES
30 octomber, 2024

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

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WORLD BANK NOTES STABLE GROWTH OF MOLDOVAN BANKING SECTOR, POINTING TO DECREASE IN BANKS' PROFITS

WORLD BANK NOTES STABLE GROWTH OF MOLDOVAN BANKING SECTOR, POINTING TO DECREASE IN BANKS
29 octomber, 2024

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.

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MOLDOVA AND ROMANIA SIGN MEMORANDUM OF UNDERSTANDING AND COOPERATION IN ENERGY SECTOR

MOLDOVA AND ROMANIA SIGN MEMORANDUM OF UNDERSTANDING AND COOPERATION IN ENERGY SECTOR
25 octomber, 2024

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.

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PRIME MINISTER DORIN RECEAN: EU HELPS MOLDOVA TO CREATE A DEVELOPED ECONOMY AND A COMPETITIVE BUSINESS ENVIRONMENT

PRIME MINISTER DORIN RECEAN: EU HELPS MOLDOVA TO CREATE A DEVELOPED ECONOMY AND A COMPETITIVE BUSINESS ENVIRONMENT
24 octomber, 2024

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.

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​IMF WORSENS FORECAST FOR MOLDOVAN ECONOMIC GROWTH IN 2025 FROM 4.8% TO 3.7%

​IMF WORSENS FORECAST FOR MOLDOVAN ECONOMIC GROWTH IN 2025 FROM 4.8% TO 3.7%
24 octomber, 2024

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%.

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​SCIENTISTS URGE MOLDOVAN FARMERS TO ADAPT PRODUCTION TO CLIMATE CHANGE

​SCIENTISTS URGE MOLDOVAN FARMERS TO ADAPT PRODUCTION TO CLIMATE CHANGE
23 octomber, 2024

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.

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INDUSTRIAL PRODUCTION IN MOLDOVA IN AUGUST - 3.5% LESS THAN A YEAR AGO

INDUSTRIAL PRODUCTION IN MOLDOVA IN AUGUST - 3.5% LESS THAN A YEAR AGO
22 octomber, 2024

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.

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HEAD OF EUROPEAN PARLIAMENTARY DELEGATION FOR RELATIONS WITH MOLDOVA CONFIDENT THAT MOLDOVA'S EUROPEAN INTEGRATION WILL CONTINUE

HEAD OF EUROPEAN PARLIAMENTARY DELEGATION FOR RELATIONS WITH MOLDOVA CONFIDENT THAT MOLDOVA
21 octomber, 2024

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.

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ANOTHER SHIPMENT OF RAILS FOR THE MOLDOVAN RAILROADS RESTRUCTURING PROJECT HAS ARRIVED IN MOLDOVA

ANOTHER SHIPMENT OF RAILS FOR THE MOLDOVAN RAILROADS RESTRUCTURING PROJECT HAS ARRIVED IN MOLDOVA
21 octomber, 2024

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

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DEPUTY PRIME MINISTER VLADIMIR BOLEA: MOLDOVA IS INTERESTED IN POLAND'S EXPERIENCE IN AGRICULTURE

DEPUTY PRIME MINISTER VLADIMIR BOLEA: MOLDOVA IS INTERESTED IN POLAND
20 octomber, 2024

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.

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RATE ON LOANS FOR MOLDOVAN AGRARIANS UNDER PROGRAMS OF INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT (IFAD) REDUCED TO 7.7%

RATE ON LOANS FOR MOLDOVAN AGRARIANS UNDER PROGRAMS OF INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT (IFAD) REDUCED TO 7.7%
17 octomber, 2024

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.

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MOLDOVAGAZ COMPANY CONTINUES TO PURCHASE GAS FOR THE COLD SEASON - ACTING CHAIRMAN OF THE ADMINISTRATIVE COUNCIL

MOLDOVAGAZ COMPANY CONTINUES TO PURCHASE GAS FOR THE COLD SEASON - ACTING CHAIRMAN OF THE ADMINISTRATIVE COUNCIL
17 octomber, 2024

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.

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​PENSIONS IN MOLDOVA TO INCREASE BY ALMOST 300 LEI IN 2024

​PENSIONS IN MOLDOVA TO INCREASE BY ALMOST 300 LEI IN 2024
16 octomber, 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).

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BEMOL ADDRESSES OPEN LETTER TO MOLDOVAN PRESIDENT MAIA SANDU

BEMOL ADDRESSES OPEN LETTER TO MOLDOVAN PRESIDENT MAIA SANDU
11 octomber, 2024

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.”

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MOLDOVAN PRESIDENT MAIA SANDU: NEW EU SUPPORT OF 1.8 BILLION EUROS WILL ALLOW MOLDOVA TO BUILD A STRONG ECONOMY

MOLDOVAN PRESIDENT MAIA SANDU: NEW EU SUPPORT OF 1.8 BILLION EUROS WILL ALLOW MOLDOVA TO BUILD A STRONG ECONOMY
10 octomber, 2024

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.

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EU INVESTS 1.8 BLN. EUROS IN MOLDOVA'S ECONOMY IN THE NEXT THREE YEARS

EU INVESTS 1.8 BLN. EUROS IN MOLDOVA
10 octomber, 2024

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.

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MOLDOVAN AND ROMANIAN ENERGY COMPANIES TO LAUNCH PROJECT TO INTEGRATE TWO COUNTRIES' POWER GRIDS

MOLDOVAN AND ROMANIAN ENERGY COMPANIES TO LAUNCH PROJECT TO INTEGRATE TWO COUNTRIES
10 octomber, 2024

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.

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​GOVERNMENT INTRODUCES MANDATORY TIRE LABELING

​GOVERNMENT INTRODUCES MANDATORY TIRE LABELING
09 octomber, 2024

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.

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