The administration of the Balti municipality intends to obtain a loan of 60 million lei from one of the banks of Moldova for the reparation of city roads. The mayor of the city, Renato Usatii said that there was absolutely not enough money from the Road Fund for this purpose.

Moldova’s gross domestic product (GDP) will decrease by 4.5% in 2020 in comparison to 2019, said the Minister of Economy Serghei Railean in a regimen of video conference with the head of the IMF Mission for Moldova Ruben Atoyan.

The European Commission, on behalf of the EU, has today approved the disbursement of 30 million euros in macro-financial assistance (MFA) to the Republic of Moldova.

In case of successful negotiations with the International Monetary Fund and of concluding a new 3-year cooperation Program with the IMF, Moldova may receive US$100 million already in this September, believes Moldova President Igor Dodon.

Moldova must properly pay to the company Suma (Turkey) which built the Arena Chisinau sports complex next to Chisinau, 3 million euros per year according to the agreement, Prime Minister Ion Chicu believes.

The Ambassador Extraordinary and Plenipotentiary of the French Republic to the Republic of Moldova, Mr. Lise Pascal Le Deunff, has stressed the importance of preserving the independence of the National Bank of Moldova in the course of his Wednesday’s meeting with NBM President Octavian Armasu.

The minimum guaranteed income will be indexed twice a year - April 1 and October 1. This decision was made by the government at a meeting on Wednesday.

Party Platform DA put forward a legislative initiative to support local budgets. The chairman of the party's fraction, Alexandru Slusari, said at a briefing on Wednesday that the Platform DA "will uphold the policy of decentralization and increased autonomy of local authorities."

Moldova stands ready to discuss and fulfill a range of important items in the Agreement on funding so as to continue its cooperation with the International Monetary Fund, Prime Minister Ion Chicu stated on Tuesday during his online communication with a group of IMF experts led by Ruben Atoyan. The conversation marked the onset of RM-IMF negotiations on a new cooperation program.

Laszlo Diosi, Chairperson of the Mobiabanca Executive Committee said that the main milestones in the bank’s 30-year-old history are “customer trust” and “team loyalty”.

In the first 5 months of the current year, revenues to Moldova’s State Budget shrank by 875.7 million lei (5.9%) against the equivalent period in 2019 and marked 14,047 million lei (US$811.9 million) as on June 1, reported the Moldovan Ministry of Finance.

At its ordinary working meeting held on Wednesday, the Moldovan Government also adopted 3 laws, all under its own responsibility, too.

On Wednesday, the Premier Chicu Government approved amendments to the Law on the 2020 State Budget under its own responsibility. The changes are related mainly with social initiatives.

The European Union is supporting the reform of the Moldovan banking system, which has softened up its negative impact in the conditions of a pandemic crisis, Ambassador Peter Michalko, the Head of the European Union Delegation to the Republic of Moldova, stated during his Tuesday’s meeting with President of the National Bank of Moldova Octavian Armasu.

Dr. Arup Banerji is assuming the office of the World Bank Country Director for Belarus, Moldova, and Ukraine from July 1. He will be permanently based in Kiev (Ukraine).

DPM parliamentarian Nicolae Ciubuc hopes that the first 50-million-euro tranche of the macro-financial assistance will come from the European Union yet before the beginning of August. Negotiations on concluding a tranche memorandum have been on a home stretch already, he said at a press briefing on Tuesday.

Moldova is pushing down tariffs on hemodialysis, hemodiafiltration and histopathology research (Pap-test or Papanikolaou smear), the Government decided at its working meeting on Wednesday.

The National Bank of Moldova (NBM) recognized financial guaranties issued by the Organization for Small and Medium Enterprise Sector Development of Moldova (ODIMM) as a means of reducing credit risk.

On Thursday, the Parliament of Moldova cancelled the highly disputable Law on granting the Moldovan citizenship in exchange for investments by the votes of 80 deputies in the 101-member legislative forum.

Moldovan National Bank employees shall be demanded to pay from their pocket for their violations or crimes that have led to unfounded public expenditures for their legal defense, as per the bill approved on Wednesday by the Moldovan Government and sent to the Parliament for consideration and approval.