Irina Covalenco, Author at logos-pres.md - Page 17 of 43
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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

    Against the backdrop of the ban by the head of the European Commission Ursula von der Leyen to buy Russian energy, traders are looking at thermal coal.

    21 March 2026
    Europe may go back to coal because of expensive gas

    The National Bank of Moldova (NBM) is introducing a national Open Banking standard, obliging 15 payment service providers to implement secure API interfaces. This allows users to securely manage accounts with different banks through a single application, which is in line with the European Directive.

    21 March 2026
    One payment standard for all

    In February 2026, a significant cash outflow was recorded in Moldova: the volume of withdrawals exceeded their receipt in banks by 1,028 million lei, which emphasizes the increase in the population’s preference for cash.

    21 March 2026
    Banks are “underfunded” with cash

    The winners of Skytrax World Airport Awards and AirlineRatings.com’s World’s Best Airline Awards by continent, region and category have been announced.

    20 March 2026
    Europe’s best airports

    As a result of rising energy prices in the context of the geopolitical situation, inflationary pressures may intensify until the first quarter of 2027, in this regard, the National Bank of Moldova (NBM) partially updated its February forecast and went on high alert .

    20 March 2026
    The National Bank is in “high alert” mode

    New standards of consumer protection, on the one hand, and control over the activities of professional participants, on the other hand, are unlikely to cool down demand in the financial market. But, undoubtedly, they will add confidence to both sides of “money relations”.

    19 March 2026
    The consumer credit market is actively growing along with risks

    The Executive Committee of the National Bank of Moldova (NBM) at its March 19 meeting kept the prime rate at 5% per annum, leaving at the current level the norms of mandatory reserve requirements for commercial banks of the Republic of Moldova.

    19 March 2026
    The NBM did not go for a rate increase

    The quota trading system has divided EU countries at today’s summit. The 27 leaders agree that energy prices are a serious problem, but disagree on how to solve it.

    19 March 2026
    The EU is looking for ways to overcome the energy crisis

    EU leaders gathered for a summit today to try to persuade Viktor Orban to lift his veto on a 90 billion euros allocation to Ukraine and to discuss the escalating military conflict in the Middle East and high energy prices.

    19 March 2026
    Brussels to talk about Orban, Ukraine and energy prices

    The National Financial Market Commission (NFMC) has launched an online DAE (effective annual interest rate) calculator to help consumers objectively assess the cost of loans.

    19 March 2026
    Consumers got a DAE calculator

    Security will be ensured by less bureaucracy but better import controls by government agencies.

    18 March 2026
    Medicines in Moldova will become safer

    Asian countries are seen as major buyers of Russian oil as exports are being redirected and supplies cut through familiar routes. CNBC reports that countries are lining up for resources from Russia.

    18 March 2026
    There is a queue for Russian oil

    From April 10, 2026, the automated entry/exit system EES (Entry/Exit System) will be fully operational in the Schengen area, abolishing stamps in passports. Citizens of non-EU countries will now be asked for biometric data: face (photo) and fingerprints when crossing the border.

    18 March 2026
    The new EU entry rules will be in place as early as April

    Moldovan Finance Minister Andrian Gavrilice has confirmed the development of a large-scale tax reform that could lead to the adoption of a new Tax Code next year.

    17 March 2026
    The Ministry of Finance is “finalizing” the new Tax Code

    Relations between the EU and the US are once again on the verge of a deep crisis due to disagreements over security in the Strait of Hormuz, Politico reported, citing European diplomats.

    17 March 2026
    US allies, except Estonia, refuse Trump to unblock Strait of Hormuz

    IMF Deputy Executive Director Marnix van Reij is on a two-day working visit to Chisinau to hold consultations with the Moldovan leadership on a new cooperation program.

    17 March 2026
    Consultations on a new program with the IMF have begun

    Financial infrastructure and technology hubs in the Middle East have become priority targets for Iranian strikes as the regional conflict escalates. Last week, Iran officially declared banks and economic centers in the U.S. and Israel “legitimate targets.

    16 March 2026
    The financial infrastructure of the Middle East is winding down

    The Moldovan leu started the working week with a slight weakening against the euro and strengthening against the US dollar. In March, the Moldovan leu demonstrates high stability against major world currencies, despite the jump in world energy prices.

    16 March 2026
    Fluctuations of the leu exchange rate against major currencies are minimal

    According to analysts at Goldman Sachs, a sharp rise in oil prices linked to the conflict in Iran could reduce global economic growth by about 0.3% and lead to higher inflation over the next year.

    16 March 2026
    Sharp rise in oil prices could shrink global GDP – Goldman Sachs

    Banks will have to be more careful with the rights of borrowers and give the right to early repayment of the loan, including the sale of pledged real estate and other “hard” currency.

    16 March 2026
    Mortgages will be downgraded