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

    Ahead of major changes that are set to revamp the functioning of the Moldovan capital market, LOGOS PRESS presents an interview with Dumitru Budianschi, chairman of the National Commission for the Financial Market.

    24 June 2026
    Dumitru Budianschi: The capital market could become a driver of economic growth

    On Tuesday, during pre-market trading, shares of SpaceX, a company specializing in space technology and artificial intelligence, fell another 4% following a $400 billion sell-off. This came after the company’s shares fell 16% on Monday as initially optimistic sentiment toward the company waned. SpaceX’s market capitalization stood at $2 trillion at the close of trading on Monday.

    23 June 2026
    SpaceX shares continue to fall

    Despite a significant slowdown in economic growth in the first quarter of the year (+0.4%), the central bank nevertheless identified a host of pro-inflationary factors and made the fight against inflation its top priority.

    23 June 2026
    How We’re “Overheating” the Economy

    According to information from the Ministry of Finance, Moldova’s external public debt balance as of the end of April 2026 had increased by $151.7 million (+3.2%) since the beginning of the year, reaching approximately $5 billion. Of this amount, 93% consists of loans from the European Commission, to which Moldova’s debt has increased ninefold over the past five years.

    23 June 2026
    Golovatiuc: “Our debt to the European Commission has increased ninefold!”

    The dollar remained stable on Monday thanks to investors’ optimistic expectations regarding a deal between the U.S. and Iran, while the pound was caught in the political crossfire and fell sharply following the resignation of Prime Minister Keir Starmer.

    22 June 2026
    The dollar is stable, while the British pound is expected to fall following Starmer’s resignation

    On June 25, the U.S. Internal Revenue Service (IRS) will begin legal proceedings against The Coca-Cola Company in a tax evasion case. At stake is the payment of additional taxes and penalties totaling more than $20 billion.

    22 June 2026
    Coca-Cola Faces a $20 Billion Tax Penalty in the U.S.

    The all-time record for the largest lottery jackpot in world history is $2.04 billion. It was won on November 7, 2022, in the U.S. Powerball lottery. The winning ticket was purchased in California. The winner, Edwin Castro, chose to receive his winnings as a lump-sum payment of $997.6 million.

    21 June 2026
    The Largest Lottery Jackpots in World History

    These days (June 18–21, 2026), finance ministers and central bank governors from the member countries of the Belgian-Dutch subgroup of the IMF and the World Bank have gathered in Varna, Bulgaria. The main goal of the meeting is to turn uncertainty into long-term opportunities for regional economies. Anca Dragu, Governor of the National Bank of Moldova, held a series of bilateral meetings with finance ministers and senior IMF officials during the forum.

    20 June 2026
    Central banks are coordinating their policies with the IMF

    People continue to actively withdraw funds from their accounts and deposits for personal needs. According to data from the National Bank of Moldova (NBM), the volume of cash withdrawals from bank vaults in May 2026 exceeded the volume of deposits by 412 million lei. This cash flow imbalance has persisted from month to month, fluctuating between increases and decreases.

    20 June 2026
    Demand for cash remains strong

    Once tensions in the Middle East have de-escalated, prices will react in different ways to the “easing of international tensions.” Speculative pressure on energy resources will disappear, while food prices will remain high due to logistical challenges, market inertia, and a protracted recovery in production.

    19 June 2026
    Oil prices will fall, but food will remain expensive

    Industrial production in Moldova has been growing since the beginning of 2026, but experts do not consider this growth to be stable due to deep-rooted structural problems in the sector. According to the latest data from the National Bureau of Statistics (NBS), industrial production increased by 7% year-over-year in January–April 2026.

    19 June 2026
    NBS: Industrial Production Shows Growth

    Hungarian Prime Minister Péter Magyar stated that Budapest had succeeded in having the wording regarding the accelerated accession of Ukraine and Moldova to the European Union removed from the European Council’s final declaration. According to Magyar in X, all member states of the bloc have agreed on the revised version of the document.

    19 June 2026
    Hungary has blocked the “accelerated European integration” of Ukraine and Moldova

    The National Bank of Moldova (NBM) and the Organization for Entrepreneurship Development (ODA) will conduct joint training and educational activities to improve the financial skills of entrepreneurs, including small and medium-sized enterprises, startups, and the self-employed. The heads of the two institutions—Anca Dragu and Vadim Codreanu—signed a corresponding Memorandum of Cooperation.

    18 June 2026
    Businesses Will Receive Financial Education

    At its meeting on June 18, 2026, the Executive Committee of the National Bank of Moldova unanimously raised the base rate from 6.5% to 7% per annum. The reserve requirement ratios for funds raised in Moldovan lei and in convertible foreign currency were maintained at their current levels—18% and 26% of the reserve base, respectively.

    18 June 2026
    The base rate has been raised to 7% per year

    Demand for oil is falling faster than expected. Global supply in the oil market could significantly exceed demand if lasting peace is established in the Middle East. The global oil market could face an oversupply if the agreement between the U.S. and Iran remains in effect and shipments through the Strait of Hormuz begin to resume. This is the conclusion reached by the International Energy Agency (IEA) in its monthly report.

    18 June 2026
    The global market could be flooded with oil — IEA

    The Ministry of Economic Development and Digitalization announces the launch of public consultations on a comprehensive package of measures aimed at further digitalization and deregulation of business processes. According to the ministry, the proposed draft regulations eliminate operational and tax barriers and reduce regulatory requirements for e-commerce, including on social media.

    17 June 2026
    The government is promoting e-commerce

    European Union countries have increased gas reserves in their underground storage facilities (UGS) to an average of 45.03% in preparation for the coming winter. However, despite the gas injection season, their fill levels turned out to be significantly lower than the figures for the past five years, according to data from Gas Infrastructure Europe (GIE).

    17 June 2026
    The EU is struggling to build up its gas reserves

    The dollar edged lower on Wednesday ahead of the first Federal Reserve meeting under Kevin Warsh’s leadership. Optimism over a temporary peace agreement between the U.S. and Iran is supporting risk appetite and reducing demand for the safe-haven currency.

    17 June 2026
    The dollar is trading cautiously ahead of the Fed’s first decision

    In its latest June report on financial stability, the International Monetary Fund recommends that the National Bank of Moldova (NBM) strengthen protections for commercial banks to help them weather potential economic and financial shocks. IMF experts also suggest paying closer attention to foreign exchange risks, maintaining the flexibility of the national currency, and fostering confidence in the banking system and the regulator’s policies as a whole.

    17 June 2026
    The IMF Calls for Strengthening Financial Stability

    The American corporation Nvidia has officially announced a large-scale issuance of investment-grade corporate bonds totaling $25 billion. This marks the tech giant’s first foray into the debt market since June 2021.

    16 June 2026
    Nvidia is returning to the debt market