Economics

CET-NORD WILL BE PURCHASING NATURAL GAS FROM THE EXCHANGE

CET-NORD WILL BE PURCHASING NATURAL GAS FROM THE EXCHANGE
18 march, 2024

The Balti joint stock company of CET-Nord will be purchasing natural gas, necessary for the production of electricity and heating through the Exchange, as per the Agreement (Convention) signed by the northern Moldovan CET [heating/electric power station] and the BRM East Energy – the daughter company of the Romanian Commodity Exchange (Bursa Romana de Marfuri, BRM).

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MOLDOVA NEEDS ANOTHER APPROACH TO ECONOMY – FORMER DEPUTY SPEAKER

MOLDOVA NEEDS ANOTHER APPROACH TO ECONOMY – FORMER DEPUTY SPEAKER
18 march, 2024

Former Deputy Chairman of the Moldovan Parliament Alexandru Slusari stated that Moldova’s performance in 2023 is “a verdict on Economy Minister Dumitru Alaiba.” Slusari wrote on his Facebook page that Ukraine's GDP grew by almost 5% last year.

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​MOLDOVA'S GDP TO GROW BY ONLY 0.7% IN 2023

​MOLDOVA
15 march, 2024

Moldova's GDP amounted to 300.4 billion lei (16.8 billion dollars) in current market prices in 2023, increasing in real terms only by 0.7% compared to 2022. This is according to preliminary data from the National Bureau of Statistics released on Friday.

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JAPAN AND UNDP WILL SUPPORT MOLDOVA IN RAISING ITS FARM SECTOR’S RESILIENCE TO CLIMATE CHANGE

JAPAN AND UNDP WILL SUPPORT MOLDOVA IN RAISING ITS FARM SECTOR’S RESILIENCE TO CLIMATE CHANGE
15 march, 2024

The Government of Japan announced it is furnishing $500 thousand to the United Nations Development Program to help raise the resilience of the Moldovan agricultural sector to climate change and natural disasters.

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IN 2023, MOLDOVAN GOVERNMENT FOCUSED ON FOUR KEY WORK DIRECTIONS – PREMIER RECEAN

IN 2023, MOLDOVAN GOVERNMENT FOCUSED ON FOUR KEY WORK DIRECTIONS – PREMIER RECEAN
14 march, 2024

Last year, the Moldovan Government acted primarily in four key areas, Prime Minister Dorin Recean stated in parliament on Thursday, presenting the Report on Government Activities in 2023.

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EUROPEAN PARLIAMENT VOTES TO EXTEND TRADE LIBERALIZATION MEASURES FOR MOLDOVA FOR ONE MORE YEAR

EUROPEAN PARLIAMENT VOTES TO EXTEND TRADE LIBERALIZATION MEASURES FOR MOLDOVA FOR ONE MORE YEAR
14 march, 2024

The European Parliament approved the proposal by the European Commission to extend the trade liberalization regime with Moldova and Ukraine for another year - until June 5, 2025 - without additional restrictions.

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MOLDOVAN GOVERNMENT INTENDS TO INVEST 3.5 BILLION LEI IN INFRASTRUCTURE DEVELOPMENT PROJECTS NEXT 2 YEARS

MOLDOVAN GOVERNMENT INTENDS TO INVEST 3.5 BILLION LEI IN INFRASTRUCTURE DEVELOPMENT PROJECTS NEXT 2 YEARS
13 march, 2024

The Government intends to invest 3.5 billion lei in infrastructure development projects next two years, Prime Minister Dorin Recean announced at a press briefing held on Wednesday.

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MOLDOVA MAKING PROGRESS IN SMEs DEVELOPMENT – RESEARCH

MOLDOVA MAKING PROGRESS IN SMEs DEVELOPMENT – RESEARCH
12 march, 2024

Moldova is making consistent progress in the development of small and medium-sized enterprises (SMEs), says the research called “SME Policy Index Eastern Partner Countries 2024”, prepared by experts from the Organization for Economic Cooperation and Development (OECD) and the EBRD and presented here on Tuesday.

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​IMF WORSENS FORECAST FOR MOLDOVAN ECONOMY IN 2024

​IMF WORSENS FORECAST FOR MOLDOVAN ECONOMY IN 2024
11 march, 2024

The Republic of Moldova's gross domestic product will grow this year by 3.9% and reach 342 billion lei ($16.3 billion), as per the new forecast of IMF experts, who in October 2023 predicted growth in 2024 at 4.3%.

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GUVERNUL INVESTEȘTE 90 DE MILIOANE DE EURO ÎN CREȘTEREA EFICIENȚEI ENERGETICE A INSTITUȚIILOR PUBLICE

GUVERNUL INVESTEȘTE 90 DE MILIOANE DE EURO ÎN CREȘTEREA EFICIENȚEI ENERGETICE A INSTITUȚIILOR PUBLICE
06 march, 2024

Guvernul va investi 90 de milioane de euro în creșterea eficienței energetice a instituțiilor publice în decursul a trei ani. Conform informațiilor furnizate de INFOTAG, cabinetul de miniștri a aprobat miercuri programul de renovare a oficiile autorităților pentru perioada 2024-2026, inițiat de Ministerul Energiei. Măsurile prevăzute în program vor afecta 3% din clădiri.

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MOLDOVAN GOVERNMENT TO INVEST 90 MILLION EUROS IN RAISING ENERGY EFFICIENCY OF STATE INSTITUTIONS

MOLDOVAN GOVERNMENT TO INVEST 90 MILLION EUROS IN RAISING ENERGY EFFICIENCY OF STATE INSTITUTIONS
06 march, 2024

The Republic of Moldova Government will invest 90 million euros over next 3 years in raising the energy efficiency of state institutions. At its ordinary weekly working meeting held on Wednesday, the Government approved the Program of renovation of central power body buildings in 2024-2026. The Program, initiated and developed by the Ministry of Energy, will cover 3% state edifices.

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SIX COMPANIES ASPIRE TO CARRY OUT FEASIBILITY STUDIES FOR BUILDING 4 BRIDGES ACROSS THE PRUT

SIX COMPANIES ASPIRE TO CARRY OUT FEASIBILITY STUDIES FOR BUILDING 4 BRIDGES ACROSS THE PRUT
06 march, 2024

Moldovan Minister of Infrastructure and Regional Development Andrei Spinu pointed out progress in the designing and building of 4 new motorway bridges across the Prut River between the Republic of Moldova and Romania – Costesti-Stinca, Leova-Bumbata, Leca-Falciu and Barboeni-Raducaneni, he reported on social networks.

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POLISH COMPANIES WILL SHARE INNOVATION SOLUTIONS WITH MOLDOVAN COLLEAGUES

POLISH COMPANIES WILL SHARE INNOVATION SOLUTIONS WITH MOLDOVAN COLLEAGUES
05 march, 2024

Five Polish companies, in partnership with profiled organizations from Moldova, will introduce innovative solutions in 2024 with financial support from the Polish Innovation Fund and with the assistance of the United Nations Development Program.

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CHISINAU AIRPORT ANNOUNCES NEW TENDER FOR LEASE OF TRADE AREAS

CHISINAU AIRPORT ANNOUNCES NEW TENDER FOR LEASE OF TRADE AREAS
05 march, 2024

The Chisinau International Airport has announced a new tender for the lease of unused Duty Free retail space. As reported by the Public Property Agency, the contest will be for a three-year lease of assets intended for the Travel Retail & Food and Beverages company.

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PROGRAM 373 BROUGHT OVER BILLION LEI INTO ECONOMY – PREMIER RECEAN

PROGRAM 373 BROUGHT OVER BILLION LEI INTO ECONOMY – PREMIER RECEAN
04 march, 2024

The state-run program of preferential crediting, known as Program 373 and launched as recently as in mid-2023, has already attracted more than 1 billion lei of investment into the national economy, Moldovan Prime Minister Dorin Recean wrote on social networks on Monday.

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​AVERAGE PAY SIZE IN MOLDOVA INCREASED BY 17.3% IN 2023 – IN NOMINAL TERMS

​AVERAGE PAY SIZE IN MOLDOVA INCREASED BY 17.3% IN 2023 – IN NOMINAL TERMS
01 march, 2024

The National Statistics Bureau reported on Friday that in 2023, the average monthly salary/wage size in Moldova grew up in nominal terms by 17.3% against 2022 and reached 12,350 lei.

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PARLIAMENT ADOPTS INITIATIVES IN SUPPORT OF BUSINESSES

PARLIAMENT ADOPTS INITIATIVES IN SUPPORT OF BUSINESSES
29 february, 2024

On Thursday, the Moldovan Parliament approved the 4th package of initiatives of the Ministry of Economic Development and Digitization in support of businesses and for de-bureaucratization of businesses.

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PARLIAMENT RESTRICTS CASH SETTLEMENTS STARTING FROM 2025

PARLIAMENT RESTRICTS CASH SETTLEMENTS STARTING FROM 2025
29 february, 2024

Starting from 2025, cash settlements in Moldova will be limited – within 100 thousand lei. This is provided for by amendments to the legislation adopted by parliament on Thursday in a second reading.

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BROAD STREET CAPITAL CONSIDERS POSSIBILITIES OF INVESTING IN MOLDOVA

BROAD STREET CAPITAL CONSIDERS POSSIBILITIES OF INVESTING IN MOLDOVA
29 february, 2024

Investment opportunities in the field of renewable energy in Moldova were discussed at a meeting in Chisinau between Moldovan Minister of Finance Petru Rotaru and the Executive Director of the Broad Street Capital Group (USA) consortium Alexander Gordin.

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SGS COMPANY AUDITED ENVIRONMENTAL MANAGEMENT AT MMZ

SGS COMPANY AUDITED ENVIRONMENTAL MANAGEMENT AT MMZ
27 february, 2024

SGS (Switzerland) Company has conducted a supervisory audit in the field of environmental management at Moldavian Metallurgical Plant (MMZ). As "INFOTAG" was informed in the administration of the plant, a group of experts from Switzerland conducted the audit for three days.

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