Irina Covalenco, Author at logos-pres.md - Page 2 of 36
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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

    Ceadir-Lunga Municipality is planning the third issue of municipal bonds for a total amount of 8 million lei. Following an open tender, the commercial bank maib was appointed financial intermediary for the placement of the issue. Today, the sides signed a contract on financial mediation.

    11 May 2026
    Ceadir-Lunga prepares the third issue of municipal bonds

    A large-scale nationwide strike is planned for May 12, 2026 in Belgium, organized by the country’s largest trade unions in protest against the government’s socio-economic policies, working conditions and planned reforms in the pension system. Severe disruptions in public transportation and air travel are expected.

    11 May 2026
    A nationwide strike will begin tomorrow in Belgium

    The EU may start direct membership talks with Ukraine by the end of June. This was announced by European Commissioner for Enlargement Marta Kos today, 11 May. Commissioner Kos urged member states to officially open all negotiating clusters on Ukraine’s membership as soon as possible.

    11 May 2026
    EU commissioner: EU may start membership talks with Ukraine in June.

    In April 2026, average consumer prices in Moldova increased by 6.8% year-on-year, up 4.5% YTD, confirming the acceleration trend. In March, the annual inflation rate was 5.8%, after the January minimum of 4.8%.

    11 May 2026
    BNS: Annual inflation in April amounted to 6.8%

    Europe is actively working on creating its own digital payment systems to reduce dependence on US giants Visa and Mastercard, which control about two-thirds of card transactions in the eurozone. The main goal is to ensure “digital sovereignty” and payment security, as the EU’s financial infrastructure is currently heavily dependent on the US.

    10 May 2026
    Europe seeks to create its own digital payment systems

    The 2026 FIFA World Cup (2026 World Cup), which will take place from June 11 to July 19 in the United States, Mexico and Canada, is projected to be a powerful driver of the global economy, capable of bringing significant GDP growth and creating hundreds of thousands of jobs. By expanding the format to 48 teams and hosting matches in 16 cities, the scale of the event promises an unprecedented economic impact.

    10 May 2026
    World Cup-26 will be a driver of the global economy

    The deadline for the completion of installation works is the last week of May, while the line’s commissioning and testing phases should be completed during June. This is reported by the Energy Ministry, referring to the visit of Energy Minister Dorin Jungietu to the Vulcanesti power plant.

    10 May 2026
    Vulcanesti-Chisinau transmission line nearing completion

    The Moldovan national team successfully performed at the 43rd Balkan Mathematics Olympiad (BMO 2026), which took place in Thessaloniki, Greece, from May 3 to 8, 2026. Moldovan schoolchildren won a total of 4 medals – one silver and three bronze. The young mathematicians won silver in the team competition.

    10 May 2026
    Moldovan team won a prize at the Mathematical Olympiad in Greece

    The National Bank of Moldova (NBM) reported a favorable economic growth forecast for the first quarter of 2026, noting positive dynamics in industry, agriculture and retail trade. However, along with this, the National Bank decided to tighten monetary policy to control inflation by raising the prime rate to 6.5% per annum.

    9 May 2026
    The National Bank gave the economy a favorable outlook

    According to the National Bank of Moldova (NBM), the official reserve assets at the end of April 2026 amounted to 5,209.83 million euros, decreasing by 56.71 million euros year-on-year. The main factors for the decrease were the depreciation of the dollar against the euro (40.69 million euros) and payments for servicing the external public debt (21.53 million euros).

    9 May 2026
    Foreign exchange reserves declined in April

    Yesterday, May 8, Europe celebrated Victory Day, marking the surrender of Nazi Germany and the end of World War II. The act of unconditional surrender of Germany came into force on May 8, 1945 at 23:01 Central European time, when the clock in Moscow was already on May 9. The attitude to this day varies in the countries of Europe.

    9 May 2026
    Europe celebrates Victory Day

    The International Energy Agency (IEA) said the medium-term outlook for the natural gas industry is likely to last longer than previously thought. The conflict with Iran has already led to a loss of about 120 billion cubic meters of liquefied natural gas between 2026 and 2030, Gergely Molnar, an IEA expert, said Thursday.

    8 May 2026
    IEA: conflict in the Middle East is changing the outlook for the gas industry

    The European Commission has stepped up coordination with member states in response to the hantavirus outbreak aboard the MV Hondius, a Dutch luxury cruise ship bound for Spain, while insisting the risk to the public remains “low”.

    8 May 2026
    The European Commission is “taking a closer look” at hantavirus

    According to market analysts, published in an interview with CNBC, the growth of gold and silver prices may resume if a peace agreement is reached between the U.S. and Iran. During the conflict, gold price fluctuations have been subdued, moving in opposite directions to fluctuations in oil prices and the U.S. dollar. However, gold and silver market growth will resume this year as momentum forces resume.

    8 May 2026
    Historic rise in gold and silver prices may resume

    Despite strong pressure from the US, EU negotiators have not reached an agreement on how to implement the duty deal. It was struck by Brussels and Washington almost a year ago. Trump is annoyed.

    7 May 2026
    EU again fails to agree on transatlantic duty deal

    As of the beginning of 2026, servicing Moldova’s domestic public debt costs the budget significantly more than servicing external debt, often amounting to almost double the difference in expenditures.

    7 May 2026
    Golovatyuk: domestic government debt is more expensive

    Turkey will play a key role in gas supplies to Central and Eastern Europe and the Balkans this summer, strengthening its position as a regional logistics center. The country is increasingly importing gas and LNG amid ambitions to become a gas hub. And it seems to be succeeding against the backdrop of anti-Russian sanctions and the energy crisis.

    7 May 2026
    Europe is increasingly dependent on Turkey for gas supplies: expensive but reliable

    Exports of jet fuel suffered the most, falling by 95% against February’s figure. At the same time, diesel shipments fell by “only” 55% thanks to support from Saudi Arabia’s Red Sea refineries. These refineries are more optimized for diesel production than jet fuel.

    7 May 2026
    Bloomberg: Middle East oil product exports remain 65% below pre-war levels

    Eurozone financial integration has made steady progress over the past few years, but the region’s stock markets remain stubbornly fragmented, lagging behind developments in the debt and banking sectors, the European Central Bank (ECB) said in a report released Thursday.

    7 May 2026
    ECB: Eurozone integration has not affected stock markets

    The Executive Committee of the National Bank of Moldova (NBM), at its meeting held on May 7, 2026, unanimously increased the prime rate by 1.5 percentage points at once, in order to prevent the risks of increasing inflationary pressure amid the global price situation.

    7 May 2026
    NBM prime rate increased from 5% to 6.5% per annum