The Republic of Moldova will receive 87 million euros from the European Union to support immediate and short-term needs for overcoming the crisis, which occurred due to the coronavirus pandemic.

The Moldovan economy will begin a gradual recovery starting from the third quarter of 2020 onwards, says the World Bank report, whose experts forecast economic decline in Moldova, as well as in other countries, this year.

Considerable state investments in infrastructure will help Moldova overcome the economic crisis, which will occur after the Covid-19 pandemic, said Advisor to Prime Minister Oleg Tofilat at the Wednesday’s virtual conference, organized by the Expert-Grup analytical center.

The official reserve of the National Bank of Moldova keeps falling for the third consecutive month. As of the beginning of April, it accounted for US$2,948 million, falling US$76.69 million over a month and almost US$111 million year to date.

The exports of Moldovan winemaking produce this year may fall due to the Covid-19 pandemic by 30%, or even 50% against the 2019, supposed the National Vine and Wine Office.

Starting from this April 1, Mayor of Balti city Renato Usatii will be personally paying US$1,000 a month to each medical doctor taking part in the ongoing battle against the novel coronavirus.

At an extraordinary sitting, the National Bank of Moldova Executive Committee decided to recommend Moldovan banks to refrain from payment of 2019 dividends to shareholders until September 30.

The Moldovan leu rate will soon regain the ground lost to the US dollar and the Euro, maintain currency market dealers.

Moldova will not reach the 3.7% of GDP, planned in the Law on the 2020 State Budget, said President Igor Dodon in his traditional live communication with citizens.

Deputy Chairman of the “Demnitate si Adevar” [DA, “Dignity and Justice”] Platform party Igor Munteanu maintains that the only way out in the current crisis situation for authorities is a clear anti-crisis action plan with a separate fund (budget), approved by the Parliament.

The Moldova’s external brut debt grew US$81 million over 2019, reported the National Bank of Moldova (NBM).

The Agency for Interventions and Payments in Agriculture (AIPA) received 470 applications for providing subsidies with total worth of 88.8 million lei since early February.

“Soon the Government will present to the Parliament a draft law on making changes to the Law on the State Budget. These are directed to ensuring all the necessary payments for the entire budget year”, said Deputy Premier, Minister of Finance Sergiu Puscuta.

The European Commission decided on Monday to allocate 140 million euros to the Eastern Partnership countries, including Moldova.

Head of the Premier Energy representation in Moldova Jose Luis Gomez Pascual said that the company may address to the European Court of Human Rights for protecting its right to fair trial, if the position of the court on civil case in Cahul against the company does not change.

President Igor Dodon has announced reduction of expenditures for the Presidential Administration due to the COVID-19 pandemic.

Government approves draft law on making changes to the Law on principles of subsidizing agriculture at the Wednesday's sitting.

Renato Usatii, leader of the Partidul Nostru (Our Party, OP) and the Mayor of Moldova’s second largest city of Balti, has called on all Moldovan political forces to sacrifice all the money, due to be supplied to them from the State Budget, for struggle against the coronavirus disease.

The National Bank of Moldova (NBM) Executive Committee took the decision which allows licensed banks flexibly administrating payment liabilities of physical persons, who face difficulties on paying for contract credits, in condition of the state of emergency.

The Ministry of Finance called on Moldovan banks to study the possibility of suspending or postponement of the payments on credits, provided to citizens, for the period of January-May.