Irina Covalenco, Author at logos-pres.md
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Irina Covalenco

Irina Covalenco

Economic observer, freelance correspondent, 30 years in the profession. Specialises in economic policy and macroeconomics, writes on finance and financial markets. Has worked at Logos Press since the mid-1990s.

Articles

    In its third Inflation Report for August 2026, the National Bank of Moldova (NBM) officially revised its medium-term inflation forecast upward for the entire comparable period compared with its May estimates.

    14 August 2026
    The price peak is still ahead

    The operations and organization of central securities depositories will be regulated by a new law. The legislation is intended to replace the outdated law, implement European Union standards (CSDR), and integrate the local capital market with international exchanges. This will enable Moldova’s Unified Central Securities Depository (UCSD) to establish technical connections with Romania’s Central Securities Depository and international trading platforms.

    14 August 2026
    The Central Securities Depository Opens the Door to Europe

    In the fall of 2026, new rules and regulations will take effect in Moldova regarding mandatory medical examinations for workers exposed to occupational hazards, as well as the prevention of communicable and infectious diseases.

    14 August 2026
    Employee Health—A Priority for Employers

    Global unemployment among workers under the age of 25 has begun to rise. The decline in youth unemployment observed worldwide following the pandemic has stalled in most countries, according to experts from the International Labor Organization (ILO). By the end of 2025, a total of 67 million people—or 12.4% of the economically active population under the age of 25—were looking for work.

    13 August 2026
    ILO: Young People Can’t Find Their Place

    The SI RERE national municipal network monitoring system went live this week, ensuring that the city’s utilities are protected. The Agency for Geodesy, Cartography, and Cadastre reported this, noting the modernization of municipal infrastructure management.

    13 August 2026
    Municipal utilities have been digitized

    On Wednesday, the Romanian government announced that it would begin shutting down its only nuclear power plant on Thursday after water levels in the Danube fell to a record low this week and attempts to prevent a complete shutdown failed. This will be the first shutdown of the plant since the drought of 2003.

    13 August 2026
    Romania Will Close a Nuclear Power Plant

    If the conflict and its economic consequences drag on, the World Bank will be able to expand its support to $80–100 billion over a 15-month period. The announcement of support for all developing countries in overcoming crises came amid the bank’s forecasts regarding the consequences of the war in the Middle East.

    12 August 2026
    The World Bank is prepared to provide up to $100 billion to countries affected by the war in the Middle East

    The International Energy Agency (IEA) expects global oil production to decline by 4.3 million barrels per day (bpd) in 2026, to 102 million bpd. This is according to the organization’s new report.

    12 August 2026
    The IEA has downgraded its oil production forecast

    The government has approved the appointment of Sergiu Gurdza, who currently serves as Consul General in Istanbul, as Ambassador Extraordinary and Plenipotentiary of the Republic of Moldova to the Portuguese Republic. And Vladimir Sachadjiu has been appointed Consul General of the Republic of Moldova in Istanbul, Turkey.

    12 August 2026
    The government has reshuffled its ambassadors

    At the end of 2025, the National Bank of Moldova’s net profit totaled 1.82 billion lei. The NBM’s transition to the euro as its primary settlement currency helped reduce costs and improve the overall efficiency of operations in the domestic market, which enabled it to pay dividends to the state and replenish its own reserves.

    11 August 2026
    The euro helped the central bank distribute the profits “equally”

    Moldova will align its environmental goals with economic sustainability. The Biodiversity Expenditure Review (BER), conducted in Moldova with support from UNDP Moldova and the Global Environment Facility, assesses public, external, and private financial flows directed toward nature conservation.

    11 August 2026
    Biodiversity was “given the green light” in exchange for money

    According to the study, businesses are significantly ahead of bloggers in terms of the pace at which they are adopting artificial intelligence in content production. Companies are more likely to use neural networks for writing text and generating ideas, while authors primarily use them to find topics.

    11 August 2026
    Survey: 73% of companies have entrusted content creation to neural networks

    On Monday, August 10, the National Bank of Ukraine announced measures to liberalize the currency market since the start of the conflict with Russia in an effort to boost business and investor confidence. The rules, published late in the evening, provide for a significant increase in the limits on foreign currency purchases and withdrawals from Ukrainian bank accounts.

    11 August 2026
    The National Bank of Ukraine is implementing the largest currency liberalization since 2022

    In Moldova, the “Consumer Protection” digital module has been launched on a pilot basis on the government’s eDemocrație platform. It will replace the traditional paper “Complaint Books,” which were officially abolished earlier as part of a package of measures to reduce red tape for businesses. The new online service allows users to submit complaints to sellers and track their status through the EVO portal.

    10 August 2026
    “The Complaint Book” has been launched in digital format

    The Agency for Agricultural Interventions and Payments (AIPA) announced the start of financial aid payments to farmers whose corn and sunflower crops were damaged by drought and extreme heat in 2025.

    10 August 2026
    Farmers Are Being Compensated for Last Year’s Losses

    In July 2026, official statistics showed a 0.1% monthly decline in average consumer prices, bringing the annual inflation rate to 6.3%, down from 6.5% in June.

    10 August 2026
    Annual inflation slowed briefly

    According to Gas Infrastructure Europe, as of August 8, Europe had filled its underground storage facilities to 58.3% capacity, injecting 63.7 billion cubic meters of gas into them. This is the lowest level for this period in the last 15 years. At the same time, the situation looks even more dire in some countries: in Germany, storage facilities are less than 50% full, and in the Netherlands, less than 40%.

    9 August 2026
    European natural gas storage facilities are half empty, and it’s not just because of the heat

    The decline in the economy’s financing needs, as noted by the National Bank of Moldova (NBM), is linked to a slowdown in overall economic activity and a drop in market demand.

    9 August 2026
    NBM: The economy’s need for financing has decreased

    Due to disruptions at Black Sea ports, Ukraine will be able to export about 29.6 million metric tons this season, which is 54% lower than the previous estimate of 64.4 million metric tons, according to the country’s Ministry of Agrarian Policy. Wheat exports could fall by 53%—to 8.3 million metric tons—compared with an earlier forecast.

    8 August 2026
    Agricultural exports from Ukraine could drop by more than half

    On August 7, 2026, the U.S. Senate confirmed Joseph Burkhalter as U.S. Ambassador Extraordinary and Plenipotentiary to the Republic of Moldova. The position had been vacant for more than two years following the conclusion of the mission of the previous ambassador, Kent Logsdon, in May 2024.

    8 August 2026
    The United States Has Appointed an Ambassador to Moldova