Economics
CET-NORD WILL BE PURCHASING NATURAL GAS FROM THE EXCHANGE
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).
detailsMOLDOVA NEEDS ANOTHER APPROACH TO ECONOMY – FORMER DEPUTY SPEAKER
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.
detailsMOLDOVA'S GDP TO GROW BY ONLY 0.7% IN 2023
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.
detailsJAPAN AND UNDP WILL SUPPORT MOLDOVA IN RAISING ITS FARM SECTOR’S RESILIENCE TO CLIMATE CHANGE
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.
detailsIN 2023, MOLDOVAN GOVERNMENT FOCUSED ON FOUR KEY WORK DIRECTIONS – PREMIER RECEAN
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.
detailsEUROPEAN PARLIAMENT VOTES TO EXTEND TRADE LIBERALIZATION MEASURES FOR MOLDOVA FOR ONE MORE YEAR
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.
detailsMOLDOVAN GOVERNMENT INTENDS TO INVEST 3.5 BILLION LEI IN INFRASTRUCTURE DEVELOPMENT PROJECTS NEXT 2 YEARS
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.
detailsMOLDOVA MAKING PROGRESS IN SMEs DEVELOPMENT – RESEARCH
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.
detailsIMF WORSENS FORECAST FOR MOLDOVAN ECONOMY IN 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%.
detailsGUVERNUL INVESTEȘTE 90 DE MILIOANE DE EURO ÎN CREȘTEREA EFICIENȚEI ENERGETICE A INSTITUȚIILOR PUBLICE
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.
detailsMOLDOVAN GOVERNMENT TO INVEST 90 MILLION EUROS IN RAISING ENERGY EFFICIENCY OF STATE INSTITUTIONS
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.
detailsSIX COMPANIES ASPIRE TO CARRY OUT FEASIBILITY STUDIES FOR BUILDING 4 BRIDGES ACROSS THE PRUT
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.
detailsPOLISH COMPANIES WILL SHARE INNOVATION SOLUTIONS WITH MOLDOVAN COLLEAGUES
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.
detailsCHISINAU AIRPORT ANNOUNCES NEW TENDER FOR LEASE OF TRADE AREAS
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.
detailsPROGRAM 373 BROUGHT OVER BILLION LEI INTO ECONOMY – PREMIER RECEAN
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.
detailsAVERAGE PAY SIZE IN MOLDOVA INCREASED BY 17.3% IN 2023 – IN NOMINAL TERMS
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.
detailsPARLIAMENT ADOPTS INITIATIVES IN SUPPORT OF BUSINESSES
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.
detailsPARLIAMENT RESTRICTS CASH SETTLEMENTS STARTING FROM 2025
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.
detailsBROAD STREET CAPITAL CONSIDERS POSSIBILITIES OF INVESTING IN MOLDOVA
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.
detailsSGS COMPANY AUDITED ENVIRONMENTAL MANAGEMENT AT MMZ
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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