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

    Last month, the National Bank of Moldova (NBM) transferred nearly one billion lei to the state budget from its profits for the 2025 fiscal year, following an independent external audit of the institution’s financial statements. This amount represents half of the central bank’s distributable profits. The other half will be used to increase the NBM’s authorized capital.

    7 August 2026
    The NBM transferred nearly one billion lei to the state budget

    According to the Food and Agriculture Organization of the United Nations (FAO), the rise in prices in July was driven by a 3.4% increase in the cereal price index compared to the previous month. Wheat prices rose particularly sharply—by 5.8%. This was due to concerns about disruptions to exports from the Black Sea and damage caused by heat waves in key agricultural regions.

    7 August 2026
    FAO: Global food prices reached a three-year high in July

    New requirements from the executive branch regarding wastewater treatment and discharge, recently aligned with EU regulations, have drawn sharp criticism from the business community. The National Confederation of Employers of the Republic of Moldova (CNPM) has expressed the official position of employers, calling the deadlines and standards for wastewater collection and treatment proposed by the government unrealistic.

    7 August 2026
    Patronage: “Wastewater is poorly regulated”

    Government and business representatives are identifying common solutions to support companies in the context of energy challenges. Deputy Prime Minister Eugen Osmochescu discussed this issue today with representatives of the business community during a meeting organized by the Chamber of Commerce and Industry through its sectoral committees on entrepreneurship.

    6 August 2026
    The government is consulting with the business community on support measures

    The Competition Council imposed a fine of 683,000 lei on Labromed Laborator SRL for abuse of a dominant position. The company inflated the prices of breathalyzers, compatible mouthpieces, and related device calibration services in a market where consumers had no real alternatives. The difference between the purchase price and the selling price reached 490% for breathalyzers and 733% for mouthpieces. The gross profit margin on calibration services reached 1,039%.

    6 August 2026
    Breathalyzers Have Been Subject to Antitrust Sanctions

    The National Bank of Moldova raised its benchmark interest rate from 7% to 7.5% per annum. The decision was adopted unanimously at a meeting of the NBM Executive Committee on August 6, 2026. The reserve requirement ratio remains at 18% for lei and 26% for foreign currency.

    6 August 2026
    The base rate has been raised from 7% to 7.5%

    In the first half of 2026, producer prices in Moldova’s agri-food sector fell by an average of 4.6% compared with the same period last year. According to data from the National Bureau of Statistics (NBS), this trend was driven by a decline in prices for crop products, while the livestock sector saw a moderate increase in selling prices.

    6 August 2026
    Prices for agricultural producers showed a mixed trend

    The National Food Safety Agency (ANSA) is launching a large-scale awareness campaign under the slogan: “Diligent Oversight, Safe Food!” The campaign will run until the end of the year and aims to “prevent corruption in the official inspection process and ensure fair and transparent interaction between inspectors and economic operators.”

    5 August 2026
    ANSA Has Launched an Internal Anti-Corruption Campaign

    The winner of the national qualifying competition will earn the right to compete for the prestigious title of “European Capital of Culture 2033.” Any city in the country capable of presenting a high-quality and realistic cultural development strategy may participate in the competition. The criteria for evaluating candidate cities have been approved by the Cabinet of Ministers.

    5 August 2026
    Cities in Moldova will compete for the title of European Capital

    The government has approved an increase in the authorized capital of the state-owned enterprise “Calea Ferată din Moldova.” According to reports, “up to 421.115 million lei, equivalent to approximately 21.279 million euros, will be allocated for financial support,” which means that the exact amount of the railway’s capitalization has not yet been fully determined.

    5 August 2026
    It was decided to inject additional capital into the railroad in the amount of approximately

    Moldova has launched an official interactive tool that provides users with access to detailed information on foreign trade. It was launched by the National Bureau of Statistics (NBS) as a standalone application, whose main advantage is the ability to generate data at various levels of detail in accordance with international statistical classifications and user requests.

    5 August 2026
    International Trade – Online

    Artificial intelligence could enable developing countries to achieve results equivalent to a century of development in just a decade, if they take swift action to address gaps in energy, communications, and skills, according to a World Bank report released on Tuesday.

    5 August 2026
    WB: Artificial Intelligence—A “Lifeline” for Small Economies Like Moldova

    Pressure on Meta and other smart glasses manufacturers is mounting as European privacy regulators step up oversight of these devices, which look very similar to ordinary glasses. According to European authorities, covert recording poses risks beyond just privacy.

    4 August 2026
    Europeans are taking a closer look at Meta’s smart glasses

    Hungary narrowly avoided a shutdown of its nuclear power sector as the Danube’s water level rose. Hungary’s prime minister said Tuesday that Budapest miraculously managed to avoid a complete shutdown of its nuclear power plant, as the return of the Danube’s water levels to normal allowed the country to keep its only nuclear power plant operational.

    4 August 2026
    The Danube’s shallowing has come to a halt, much to the delight of Europeans

    Writers, translators, and publishers from Moldova will gain access to programs that support the translation, editing, and promotion of literary works in European markets. The Cabinet of Ministers has approved the signing of an agreement on the Ministry of Culture’s accession to the European literary network TRADUKI.

    4 August 2026
    European writers are being asked to make room

    Debts totaling approximately 600 million lei were refinanced under an external assistance program. The funds were provided by the Agricultural Credit Fund (FCA) from March through July 2026. A total of 700 farms received loans. The grant component associated with the loans provided to farmers amounted to 61.02 million lei.

    4 August 2026
    Farmers were refinanced through external loans and, to a lesser extent, grants

    Full disclosure of costs, currency risks, liabilities, and the rights of mortgage borrowers—these are the requirements of the new mortgage bill. The document is currently undergoing discussion and review, after which it will be submitted to the government for approval in accordance with European standards for the protection of financial services consumers.

    3 August 2026
    Mortgages Will Be “Brought Back to Their Senses”

    Risks to the functioning of Moldova’s nonbanking sector remain low, and the sector’s financial position is stable. According to data presented at a meeting of the National Committee on Financial Stability, the nonbank financial sector is demonstrating resilience in the face of external and internal challenges.

    3 August 2026
    In the nonbanking sector—no major threats

    Thirty-five legendary companies that have accompanied Moldova’s 35-year journey toward statehood from the very beginning will be included in the “golden list” of Moldovan business history. And the first company named is the joint-stock company “AROMA.”

    3 August 2026
    Thirty-five Legends from 35 Years of Moldovan Independence

    Against the backdrop of the ongoing migration crisis, Italy plans to propose the establishment of migrant repatriation centers in Armenia, which has been included on the preliminary list of countries to host such facilities.

    3 August 2026
    EU migrants may end up in Armenia