● TUESDAY, June 04
National Bank of Moldova celebrates 33rd anniversary
June 4, 1991 is the founding day of the National Bank of Moldova (NBM). This year’s anniversary comes at a time of transformation for the entire country. The process of joining the European Union is to start and the National Bank is the main pillar in many negotiation chapters, said NBM governor Anca Dragu said. She also delivered a congratulatory message on the occasion of the Bank Worker’s Day, expressing her gratitude to all those who contribute to the stability and development of the sector in Moldova.
First stage of reconstruction works at 400 kV Vulcanesti substation over
The first stage of the reconstruction works at the 400/110/35/10 kV Vulcanesti substation was completed. According to Moldelectrica, the 400 kV primary equipment dating from 1971 was dismantled and replaced. The compressed air circuit breakers were replaced with modern circuit breakers, as well as separators and transformers measuring current and voltage. Also, the scheme of primary connections was adjusted to ensure more reliable operation in the context of synchronization with ENTSO-E.
Over 65% of solid household waste in Chisinau and Balti can be transformed into energy, study
More than 65% of the solid household waste generated in the municipalities of Chisinau and Balti can be transformed into energy, according to a study carried out with the support of USAID through the Moldova Energy Security Activity (MESA) Project
● WEDNESDAY, June 5
Moldovans know better how state spends their money, Open Budget Survey
Moldova has significantly improved its position in the world rankings of budget transparency. The budget transparency score of the Republic of Moldova increased from 65 points in 2021 to 81 points in 2023 out of a total of 100. This means that the citizens have greater access to the information necessary to get involved in the decision-making process, as well as to make the Government responsible, IPN reports, with reference to a press release of the Independent Think Tank Expert-Grup regarding the Open Budget Survey, which included 125 countries in the recent edition.
Dumitru Alaiba: We see signs of revival of the economy
Since November last year, we have seen signs of revival of the economy, said Minister of Economic Development and Digitalization Dumitru Alaiba. According to the deputy prime minister, after a collapse caused by the war in Ukraine, the economy of the Republic of Moldova has started to gain momentum at the expense of private investments and the increase in industrial production. Dumitru Alaiba said that the decrease in energy charges and the lowering of bank interest rates contribute significantly to the economic recovery.
Moldova expands its geography of cross-border electronic identification
The EU-funded EU4Digital program recently announced that Armenia, Georgia and Moldova had successfully tested connecting to foreign electronic services using their national electronic IDs (eIDs) as part of EU4Digital’s cross-border electronic identification (eID) pilot activities between the Eastern Partner countries.
Gazprom with “flame” shrinking in Moldova and Europe
After most of EU nations have lessened their dependence on Russian gas due to the Ukraine invasion, only the Republic of Moldova, alongside Austria, Slovakia, Italy, Hungary, Croatia and Slovenia, continue the relationship with Gazprom, IPN reports, referring to Reuters, which explains what will happen after Ukraine will no longer extend the gas transit deal with Russia, which expires at the end of this year.
Price of diesel fuel at minimum values during 11 months
Diesel fuel on Thursday will be sold for a maximum of 20.49 lei/liter, which is by 0.10 lei less than today. The National Agency for Energy Regulation said that the price of diesel fuel is at a new low not only for the current year, but also for a monitoring period of 11 consecutive months.
Visitors of Chisinau Sports Festival will meet champions Vladislav Ursu and Alisa Glinka
The Park “La Izvor” on June 8 will host the Chisinau Sports Festival 2024. The visitors will be able to meet Vladislav Ursu and Alisa Glinka, athletes who will represent Moldova at the 2024 Paris Olympic Games.
Products and services with a low environmental impact will have ecolabel
Products and services with a low environmental impact will be granted an ecolabel that will ensure that consumers are informed about their quality. The initiative was supported by the Cabinet.
National Economic Development Strategy 2030 approved by Cabinet
Creating a friendly environment for all the entrepreneurs and investors, by eliminating bureaucracy and supporting the creation of a favorable business climate, is one of the priorities included in the National Economic Development Strategy 2030. The document, approved by the Cabinet, guide the Republic of Moldova towards a prosperous economy for the citizens, stimulating innovation and creating an environment as optimal as possible for business development.
Construction Worker’s Day will be celebrated on September 14
The Construction Worker’s Day will be celebrated on September 14 and not on the second Sunday of August, as it was until now. The Cabinet approved a decision in this regard on Wednesday.
Eco&Green Expo inaugurated in Chisinau
Under the slogan “Green Europe at Home”, the second edition of Eco&Green expo was launched in Chisinau to showcase green technologies.
This year’s novelty is the “Alley of Embassies”, where a number of countries will promote experiences regarding environmental protection, identified solutions and policies in the field.
● THURSDAY, June 6
PM Recean at Moldovan Business Gala: Economic optimism returns
Accession to the European Union means a better life for the citizens of the Republic of Moldova and a competitive business environment, which offers opportunities for large investments. “Economic optimism is returning and we have an opportunity that we have never had before – to be competitive on the largest and richest market in the world,” Prime Minister Dorin Recean said at the 21st edition of the Moldovan Business Gala organized by the Chamber of Commerce and Industry.
Park of the Future to be designed and developed in Moldova
In the Republic of Moldova, the design and development of the Park of the Future will soon begin. The guarantees for the IT park have been extended until 2035. The announcement was made by Prime Minister Dorin Recean at the Moldova Digital Summit.
Premier Recean invites Japanese companies to invest in Moldova
Prime Minister Dorin Recean highlighted the importance of realizing the potential of economic cooperation between the Republic of Moldova and Japan, reiterating the country’s interest in attracting new Japanese investments. “The Government is building the necessary infrastructure and conditions for entrepreneurs who come to invest in the Republic of Moldova. We are a safe country for the development of prosperous businesses. We offer access to the European Union market and we work to make business doing as simple and profitable as possible,” the official stated in a meeting with Vice Minister for International Affairs of the Ministry of Finance of Japan Masato Kanda, who is on a working visit to Chisinau.
Parliament votes to attract $160 loan from IMF
The International Monetary Fund (IMF) will provide Moldova with financial assistance through the Resilience and Sustainability Facility. The loan is equal to 129.3 million Special Drawing Rights, the equivalent of about $160 million. The Parliament gave a first reading to a draft law to attract a foreign state loan from the IMF.
Value of bank deposits grew by 22% in 2023
The value of bank deposits reached 113.396,6 billion lei at the end of last year, up by over 22% compared to the situation at the end of 2022. Most of the deposits were in national currency (63.4%). The information was communicated on Thursday by Nadejda Cornețel, head of the Management Board of the Bank Deposit Guarantee Fund, in the plenary sitting of Parliament.
Largest ever delegation of Chinese businessmen visits Moldova for Investment Cooperation Forum
About twenty economic agents from China arrived in Chisinau to participate in the China-Moldova Investment Cooperation Forum. China’s Ambassador Yan Wenbin mentioned that Chinese investments in Moldova are limited and it is important to attract as many Chinese companies as possible to the country. The event is organized to stimulate bilateral economic cooperation and familiarize Chinese companies with the Moldovan market. The ambassador expressed confidence that Moldova represents a favorable environment for conducting business.
● FRIDAY, June 7
Moldova goes to Russia with cherries, apples, pears...
Cherries continue to be the subject of transactions between Moldovan and Russian economic agents, despite the undiplomatic clatters of the foreign affairs department in Moscow, IPN reports, quoting data from Fresh Plaza, an international platform for the sale of agricultural production, which show that Moldovan cherries come to Moscow about two weeks after Turkish cherries.
EU to provide financial support for business development in Moldova
The European Union, through the Confidence Building Measures Program implemented by UNDP, will provide assistance to support micro, small and medium-sized enterprises on both banks of the Nistru. The amount of assistance is up to US$20,000 for each of the 20 selected initiatives.
● SATURDAY 8
ASP aims to digitize 50% of services by 2025
The Public Services Agency (ASP) is determined to advance its digitalization processes, which should be centered on the convenience of citizens. Already by 2025, it aims to have 50% of its services digitized.
Growth-pole cities program to be adjusted
The Ministry of Infrastructure and Regional Development has announced the launch of an evaluation process for the National Program to Develop Growth-Pole Cities (2021-2027) by a team of local experts.
Moldova could reach 8-10% economic growth in next decade, says minister
Moldova needs to expand its industrial sector and improve its business climate in order to achieve economic growth of 8-10% annually in the next decade, Economy Minister Dumitru Alaiba told SeeNews.
