Economics

PRESIDENT DODON STATES THAT MOLDOVA’S GDP WILL FALL 3% IN 2020 IN MOST OPTIMISTIC CASE

PRESIDENT DODON STATES THAT MOLDOVA’S GDP WILL FALL 3% IN 2020 IN MOST OPTIMISTIC CASE
07 april, 2020

President Igor Dodon stated that due to the coronavirus pandemic, the most optimistic scenario of republic economy development implies 3% GDP falling against 2019, which is 7.3 billion lei (US$410 million).

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FUEL PRICES FALL IN MOLDOVA ONCE AGAIN

FUEL PRICES FALL IN MOLDOVA ONCE AGAIN
06 april, 2020

The prices on gasoline and diesel fuel fell 0.4-0.6 lei per liter on a number of gas stations in Moldova in weekend.

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CHANGES ON DUTY-FREE ARE NOT CONNECTED WITH TRANSNISTRIA – MINISTRY

CHANGES ON DUTY-FREE ARE NOT CONNECTED WITH TRANSNISTRIA – MINISTRY
03 april, 2020

The amendments, proposed by the Government in the anti-crisis package and raised a lot of questions among experts, which concern the activity of duty-free shops, are no way connected with the Transnistrian region and are directed to preventing double taxation for domestic producers.

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PRESIDENT SAYS THAT BY 4Q2020, GAS PRICE FOR MOLDOVA WILL DROP TO US$100 PER A THOUSAND CUBIC METERS

PRESIDENT SAYS THAT BY 4Q2020, GAS PRICE FOR MOLDOVA WILL DROP TO US$100 PER A THOUSAND CUBIC METERS
03 april, 2020

By the 4th quarter of the current year, the natural gas price for Moldova will be lowered from US$180 to US$100 per a thousand cubic meters, President Igor Dodon stated during his traditional weekly live Q&A communication with citizens on his YouTube channel.

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MOLDOVA RAISED FUEL IMPORTS 3.8% IN 2019

MOLDOVA RAISED FUEL IMPORTS 3.8% IN 2019
02 april, 2020

Moldova imported over 861.1 thousand tons of petroleum products in 2019 – 21.7 thousand tons more than a year earlier.

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DIRECT INVESTMENTS TO MOLDOVA GREW US$74 MILLION IN 2019

DIRECT INVESTMENTS TO MOLDOVA GREW US$74 MILLION IN 2019
02 april, 2020

The volume of direct investments in the Moldovan economy reached US$2.01 billion as of January 1, 2020, which is US$74 million more than in 2018.

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GOVERNMENT APPROVES MEASURES FOR SUPPORT TO CITIZENS AND BUSINESSES UNDER PERSONAL RESPONSIBILITY

GOVERNMENT APPROVES MEASURES FOR SUPPORT TO CITIZENS AND BUSINESSES UNDER PERSONAL RESPONSIBILITY
02 april, 2020

At the Wednesday’s sitting, the Government adopted under personal responsibility the Law on some measures of support to the population and the entrepreneurial activity in the period of the state of emergency.

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ENERGOCOM EXTENDS CONTRACT WITH MGRES ON BUYING ELECTRICITY FOR MOLDOVA UNTIL END-JUNE

ENERGOCOM EXTENDS CONTRACT WITH MGRES ON BUYING ELECTRICITY FOR MOLDOVA UNTIL END-JUNE
31 march, 2020

The state enterprise Energocom extended the contract with the Moldavskaya power plant [MGRES, in Transnistria, the Republic of Moldova’s largest energy producer] on supplying the electricity to Moldova in necessary volumes for 3 more months with the possibility of subsequent prolongation.

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EU MOBILIZES ADDITIONAL 500 MILLION EUROS FOR EUROPEAN NEIGHBORS

EU MOBILIZES ADDITIONAL 500 MILLION EUROS FOR EUROPEAN NEIGHBORS
31 march, 2020

The EU has mobilized its major de-risking instrument the European Fund for Sustainable Development, worth a total of 1.55 billion euros, with 500 million euros being made available for the EU's neighborhood.

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AUTHORITIES DO NOT PROPOSE EFFICIENT SOLUTIONS FOR SUPPORTING BUSINESSES – DA DEPUTY CHAIRMAN

AUTHORITIES DO NOT PROPOSE EFFICIENT SOLUTIONS FOR SUPPORTING BUSINESSES – DA DEPUTY CHAIRMAN
30 march, 2020

The Moldovan authorities, including President Igor Dodon, are unable to propose any efficient and reasonable solutions for material support to businesses and employees, which were sent on forced leave due to the coronavirus pandemic, maintains Deputy Chairman of the “Demnitate si Adevar” [DA, “Dignity and Justice”] Platform party, Deputy Speaker of the Parliament Alexandru Slusari.

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STATE TO SUPPORT ENTERPRISES WHICH SUSPENDED WORK DUE TO STATE OF EMERGENCY

STATE TO SUPPORT ENTERPRISES WHICH SUSPENDED WORK DUE TO STATE OF EMERGENCY
30 march, 2020

The state financial assistance to economic agents, whose work was suspended due to the Covid-19 spread, will soon be approved, said President Igor Dodon after the Monday’s traditional sitting of the Moldova’s higher leadership.

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MoE PREPARING PACKAGE OF ANTI-CRISIS MEASURES

MoE PREPARING PACKAGE OF ANTI-CRISIS MEASURES
30 march, 2020

The Ministry of Economy and Infrastructure is preparing a package of anti-crisis measures on reducing the negative impact of the pandemic on the national economy given the European countries’ experience, as well as the proposals from domestic entrepreneurs.

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SALARIES IN PUBLIC SECTOR TO BE PRESERVED INTACT – PRESIDENT

SALARIES IN PUBLIC SECTOR TO BE PRESERVED INTACT – PRESIDENT
27 march, 2020

All employees of the public sector will be receiving salaries in full and without any changes, stated Igor Dodon during the traditional weekly live Q&A communication with citizens on his YouTube channel and in social networks held every Friday morning.

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AMBASSADOR PETER MICHALKO HOPES MOLDOVA WILL WITHSTAND COVID-19 ATTACK

AMBASSADOR PETER MICHALKO HOPES MOLDOVA WILL WITHSTAND COVID-19 ATTACK
27 march, 2020

Ambassador Peter Michalko, the Head of the European Union Delegation to the Republic of Moldova, hopes that the impact of the COVID-19 pandemic will not tell on Moldova disastrously.

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MOLDOVA CLIMBED ONE POSITION IN WORLD HAPPINESS RATING

MOLDOVA CLIMBED ONE POSITION IN WORLD HAPPINESS RATING
23 march, 2020

Moldova ranked the 70th in the rating of world happiest countries 2019, which is one position higher than a year before.

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AGRICULTURAL ASSOCIATIONS CONCERNED ABOUT POTENTIAL CONSEQUENCES OF COVID-19

AGRICULTURAL ASSOCIATIONS CONCERNED ABOUT POTENTIAL CONSEQUENCES OF COVID-19
19 march, 2020

Agricultural associations of Moldova submitted an official address to the country leadership in relation with concerns about the potential negative consequences for the republic and the branch, which may occur due to the coronavirus epidemic.

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MINISTRY RECOMMENDS TO FOOD PRODUCTION ENTERPRISES TO RESTRICT INTERACTION BETWEEN WORKERS

MINISTRY RECOMMENDS TO FOOD PRODUCTION ENTERPRISES TO RESTRICT INTERACTION BETWEEN WORKERS
18 march, 2020

The Ministry of Agriculture, Regional Development and Environment recommended to farm and food production enterprises to take measures on reducing interaction between employees.

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PRIME MINISTER PRESENTS ECONOMIC MEASURES DURING STATE OF EMERGENCY

PRIME MINISTER PRESENTS ECONOMIC MEASURES DURING STATE OF EMERGENCY
18 march, 2020

Prime Minister Ion Chicu presented measures on supporting the economy for the period of introducing the state of emergency in connection with the coronavirus.

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HLB COMPANY STARTS FUNCTIONING IN MOLDOVA

HLB COMPANY STARTS FUNCTIONING IN MOLDOVA
17 march, 2020

The company HLB Moldova, specialized on providing consulting and accounting services, started its work in Moldova. It is a part of the global networks HLB International, headquartered in London, while its companies are functioning in 158 world countries.

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BUSINESS ASSOCIATIONS ASK MOLDOVAN AUTHORITIES TO SUPPORT BUSINESS ENVIRONMENT DUE TO COVID-19 SITUATION

BUSINESS ASSOCIATIONS ASK MOLDOVAN AUTHORITIES TO SUPPORT BUSINESS ENVIRONMENT DUE TO COVID-19 SITUATION
16 march, 2020

The Alliance of Small and Medium Enterprises (AIM), the Association of Business Women (AFAM), the Association of Creative Enterprises (COR), the MAR National Association of Restaurants and Entertainment Establishments called on authorities to initiate urgent measures on supporting the business environment due to the spreading of the coronavirus epidemic.

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