Irina Covalenco, Author at logos-pres.md - Page 18 of 50
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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

    Coins ceased to represent value as currency in Late Antiquity. A new study of a Roman warrior’s burial from Belgium’s Fort Odenburg has revealed the point at which coins became valued simply by the weight of the metal in the wallet. The transition from coins to scrap metal mirrored the Roman warrior’s wallet.

    3 May 2026
    The “end of money” has already happened once before

    Iran’s Central Bank and the IRGC are using the country’s largest crypto exchange to convert dollars. A Reuters investigation found that it processed transactions worth tens and hundreds of millions of dollars related to sanctioned groups, including the Central Bank of Iran and the powerful Islamic Revolutionary Guard Corps (IRGC).

    3 May 2026
    Iran uses crypto exchange to convert dollars

    According to the 2024 Census of Population and Housing Stock in Moldova, there are more than 1.12 million residential structures in the country, most of which are concentrated in rural areas. The National Bureau of Statistics (NBS) disseminated final data on the characteristics of the housing stock, including dates of construction, construction materials used and regional differences.

    2 May 2026
    Moldova’s housing stock has successfully survived the millennium milestone

    WHO Member States prolong pathogen exchange negotiations, delaying pandemic control treaty. A pandemic control treaty cannot enter into force without a PABS agreement. The agreement was created to help the world respond more effectively to future pandemics after COVID-19.

    2 May 2026
    The fight against pandemics is on hold

    “He who does not work does not eat!” The country’s labor reserves are being replenished with prison labor, solving the problem of labor shortage. Yesterday, parliament voted in the first reading of a bill amending the way prisoners’ labor is used, while restricting their money accounts and income.

    1 May 2026
    Prisoners’ labor was timed to coincide with the May 1 workers’ holiday

    The eurozone economy unexpectedly slowed at the start of 2026, with soaring energy prices driven by the war in Iran threatening stagflation in the coming months. Data for the first month of fighting in the Middle East, released Thursday, do not fully capture the extent of Europe’s economic slowdown, but give a sense of the scale of the losses.

    1 May 2026
    Europe is getting closer to stagflation

    Donald Trump Jr. and Eric Trump will become co-owners of a Kazakh mining company that received $1.6 billion in U.S. government support. A shell company backed by Donald Trump Jr. and Eric Trump has agreed to merge with a critical minerals group that last year secured up to $1.6 billion in U.S. government support for tungsten mining in Kazakhstan.

    1 May 2026
    Trump’s sons are invested in tungsten

    The dollar strengthened after the Federal Reserve kept interest rates unchanged, signaling a mood for policy tightening. The latest Federal Reserve (Fed) meeting showed the central bank’s increasingly hawkish stance. The trend has put pressure on most Asian currencies, including emerging market currencies.

    30 April 2026
    The dollar has strengthened and is pressuring others

    The cities of Gagauzia and Chisinau have the highest level of street lighting. ATU Gagauzia still holds the first place in the Republic with 96.3% illumination of city streets. The municipality of Ceadir-Lunga and the city of Vulcanesti achieved 100% lighting coverage.

    30 April 2026
    Gagauzia is ahead of the capital by the degree of street illumination

    The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended until May 30 a general license allowing certain transactions related to the sale of Lukoil International GmbH (a subsidiary of Russian oil company Lukoil, which owns the group’s foreign assets). This decision allows to finalize the transaction with the American investment company Carlyle Group, which was announced earlier.

    30 April 2026
    U.S. Treasury Department extends license for Lukoil assets sale

    Oil prices hit a military high on Thursday following a report that the U.S. military will brief President Donald Trump on possible action against Iran. Prices rose after the Wall Street Journal quoted U.S. officials as saying that Donald Trump had instructed his aides to prepare for a prolonged blockade of Iran.

    30 April 2026
    Brent crude oil price exceeded $126

    EU expands subsidies for businesses affected by rising fuel prices. The European Commission has allowed EU countries to increase state subsidies for businesses to cover part of the additional costs of fuel and fertilizers.

    29 April 2026
    Energy crisis: state aid in the EU and Moldova

    A resolution adopted by the European Parliament calls for a single definition of rape across the EU. This means that any non-consensual sexual act should be considered rape. The European Commission must now propose legislation, which must then be approved by EU member states.

    29 April 2026
    European Parliament calls for criminalization of non-consensual sex

    A prolonged war or more severe oil supply disruptions could push Brent crude prices to $115 a barrel in 2026, with oversupply not returning until 2027, the bank said in its latest commodity markets forecast.

    29 April 2026
    The World Bank has assessed the consequences of a protracted war with Iran

    One third of the country’s territory does not have a clearly defined owner. An audit of the Ministry of Environment’s consolidated financial statements for 2025 revealed that the long-standing problem of accounting for hundreds of thousands of hectares of forest land has not been resolved.

    28 April 2026
    Moldova’s forest fund remains in the shadows

    The official presentation of the Board Leadership Program International took place today. The program is presented in Moldova by the Chisinau Business School in partnership with the Bucharest Business School, the Association of Independent Directors of Romania and with the support of ecoDa. “School students” will be representatives of the financial and banking and other business sectors.

    28 April 2026
    International “school of leaders” opened in Chisinau

    According to a survey, energy prices have reduced consumer sentiment in Germany to a three-year low and will apparently decline further. The consumer sentiment index was presented earlier this week by the Nuremberg Institute for Market Solutions (NIM) together with the research institute GfK.

    28 April 2026
    Consumer sentiment in Europe is declining: no time for big purchases…

    Leading banks recommend their clients to buy commodity currencies amid the ongoing conflict between the U.S. and Iran. In the developed countries segment, these are the Norwegian krone and the Australian dollar, and in the developing countries segment – the Kazakh tenge, the Brazilian real and the Nigerian naira.

    28 April 2026
    Oil price beneficiary currencies are not petrodollars

    European parliamentarians are actively working on the European Union budget for 2027, which is the final year of the current seven-year planning period (2021-2027). Following the approval of a €90 billion funding package for Ukraine for 2026-2027 to cover budgetary and military needs, there are concerns that additional funding will be needed as early as 2027 due to the deficit.

    27 April 2026
    European Parliament prepares the next EU budget

    The dollar is falling at the start of the week amid forecasts of US-Iran talks and central bank action. Waning hopes for an agreement to end the war in the Middle East are keeping investors on edge ahead of a series of central bank meetings later this week.

    27 April 2026
    Dollar falls in anticipation of shifts