Irina Covalenco, Author at logos-pres.md - Page 26 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

    Aramco, the world’s top oil company, said Tuesday that the conflict with Iran continues to disrupt shipping in the Strait of Hormuz, which could have “catastrophic consequences” for global oil markets.

    10 March 2026
    “There are no workarounds” for the oil market

    In February, the annual inflation rate surpassed last month’s figures, amounting to 5.1%, which is higher than in January. In January, annual inflation in Moldova decreased to 4.8% (from 6.8% in December 2025), which was the lowest level over the last 1.5 years.

    10 March 2026
    Annual inflation picks up speed

    The U.S. dollar reversed course on Monday, retreating from a three-month high after President Donald Trump suggested the conflict with Iran was nearing an end.

    10 March 2026
    Dollar weakens after surge and Trump’s statements

    No EU country has tapped its strategic oil reserves because of the escalation in the Middle East, European Commission spokeswoman Ana Kaiza Itkonen told a briefing on Monday.

    9 March 2026
    European Commission: EU countries have not tapped their oil reserves

    The EU and Canada have started negotiations on the so-called Digital Trade Agreement (DTA) amid Europe’s conflict with the US over digital regulation.

    9 March 2026
    The EU and Canada are considering a digital trade agreement

    According to Politico, last week EU ambassadors actually “buried” the idea of accelerated accession, stressing that membership should be based solely on merit and full fulfillment of the criteria. Earlier, the publication also wrote that Ukraine’s hopes for quick accession to the EU had been dashed.

    9 March 2026
    Politico: EU has ‘buried’ Ukraine’s accelerated accession model

    The National Bank of Moldova (NBM) intends to integrate AI technologies more fully into its activities and has been actively discussing their role at various regional conferences for several years.

    8 March 2026
    AI “in the service” of the National Bank

    The goal is to reduce the deficit on the world market by adding “hundreds of millions of barrels” of Russian oil caught in sanctions. The U.S. stresses that this is not an easing of sanctions pressure on Russia, but a measure to stabilize prices. Washington is also considering further lifting of sanctions on other Russian oil to increase supply.

    8 March 2026
    US partially lifts sanctions on Russian oil transportation

    According to the latest data from the Ministry of Finance, the domestic public debt has been growing steadily since the beginning of the year. In January, it increased by 1.9 billion lei and in February by another 1.7 billion lei, amounting to 55.7 billion lei.

    7 March 2026
    Domestic government debt continues to grow rapidly

    According to the latest data from the National Bank of Moldova (NBM), as of February 27, 2026, official foreign exchange reserves continued their downward trend, decreasing by 61.01 million euros to 5,019.69 million euros. Despite the decrease, the volume of reserves remained high, supporting the financial stability of the country.

    7 March 2026
    Foreign exchange reserves continue to shrink

    EU countries are finalizing the implementation of a minimum corporate tax rate of 15% for the largest multinational companies (global minimum tax (Pillar Two) and are beginning to consider a flat tax “on wealth”.

    6 March 2026
    In Europe’s tax system – “communist” sentiment

    Transfers through the European system SEPA, which Moldova joined in March last year, currently account for over 80% of all transferred funds from and to Europe. The National Bank of Moldova (NBM) reports this as its main achievement on the way to the EU, publishing relevant data.

    6 March 2026
    The National Bank marks the anniversary of the introduction of the SEPA payment system

    The Central Bank of Sweden has issued recommendations for citizens in case of war and other crises. In particular, it recommended keeping at home 1 thousand Swedish kronor (about $110) for each adult.

    6 March 2026
    Europeans are preparing for war

    China imposes temporary restrictions on exports of diesel fuel and gasoline to meet domestic needs amid regional instability. Countries in the region are trying to find alternative sources, in particular, increasing interest in Kazakh oil.

    5 March 2026
    China suspends oil exports

    Capital mobilization is the only lever that can boost productivity, increase revenues, strengthen Europe’s strategic autonomy and increase its resilience.

    4 March 2026
    Is the labor force being canceled?

    Only due to the depreciation of the U.S. currency, in which the country’s external public debt is calculated, the amount of external borrowings increased significantly, amounting to $4.862 billion in January.

    4 March 2026
    Dollar weakening increased Moldova’s state debt by almost $60 mln

    In Moldova, the minimum affordable package of services (Internet + minutes) costs less than $10, making the country the fourth most affordable mobile plan in the region. In terms of price/quality ratio (data value index, cost of 1 Mbps), the country ranks ninth, ahead of Denmark and many Western European countries.

    4 March 2026
    The cost of mobile communication in Moldova is gradually increasing

    Microchips, biotechnology, robotics and artificial intelligence will be excluded from the list of “strategic sectors” to be (partially) purchased from European manufacturers. Only heavy industrial goods such as mild steel and cement, aluminum and plastics used in the construction and automotive industries remain. These goods will have an advantage in the awarding of government contracts.

    4 March 2026
    The EU has defined “Made in Europe” goods

    Against the background of expensive energy resources, Energy Minister Dorin Jungietu on a business trip to Baku was primarily interested in the construction of large wind farms in Moldova (total capacity of 170 MW) and the integration of energy storage systems (BESS).

    3 March 2026
    Associated “wind” energy and Azeri gas in Moldova

    European financial markets are under strain as the U.S. and Israeli war against Iran renews fears that an energy shock could exacerbate inflation. The region is almost entirely dependent on oil and gas imports. The price of Brent crude has risen nearly 10% since Friday, while natural gas prices in Europe have jumped 50%.

    3 March 2026
    Eurozone feels bad