Irina Covalenco, Author at logos-pres.md - Page 4 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

    Today, users from around the world began reporting widespread issues accessing the ChatGPT chatbot, developed by the American company OpenAI, around 1:00 p.m. European time. This is according to reports from Downdetector and detector404.ru.

    25 July 2026
    ChatGPT experienced a widespread outage

    The National Bank of Moldova (NBM) plans to coordinate its actions with the government to integrate monetary and fiscal policies as part of the country’s preparations for accession to the European Union. To this end, an international conference is planned for this fall to explore existing opportunities.

    25 July 2026
    The NBM is committed to cooperation

    The ECB presented ten possible design options for the next generation of euro banknotes, inviting Europeans to help determine the appearance of the bloc’s future paper currency.

    25 July 2026
    Lagarde has initiated a review of euro banknotes

    According to the results of a business survey, economic activity and the number of employees are expected to remain relatively stable in the third quarter of 2026, while sales revenue and product prices are projected to grow moderately.

    24 July 2026
    Business is looking to the future with caution

    Production volumes at Rompetrol’s Petromidia oil refinery may decline by 15% in August after Kazakhstan suspended shipments through the Novorossiysk terminal of the CPC pipeline, which was attacked on July 19.

    24 July 2026
    Ukraine Leaves Romania Without Oil

    Profits for participants in the nonbank lending market are declining. As of the end of May 2026, the net profit of loan and savings associations amounted to 15.9 million lei, compared to 20.9 million lei for the same period last year.

    24 July 2026
    Profits at savings and loan associations declined

    Public services in Moldova are approximately 65% digitized for citizens and 76% for businesses. Full digitization is scheduled for 2030. As of now, only 26 out of 60 government agencies and public service providers have fully transitioned to an online format.

    24 July 2026
    Leaders in the Digital Transformation of Government Services Have Been Named

    Following an investigation that lasted more than two years, the tech giant faces another round of serious sanctions for violating EU rules governing large technology companies.

    23 July 2026
    Google has been fined 890 million euros

    In 2026, business loans continue to hold the leading position in the structure of new lending (approximately 65–67% of the total volume) against the backdrop of stabilizing interest rates at commercial banks. As of mid-2026, the market is showing high activity: in June 2026, the volume of new bank loans totaled 8.32 billion lei (65.2% to businesses, 34.8% to individuals).

    23 July 2026
    Business loans continue to lead the way

    In June 2026, the total volume of net remittances from abroad to Moldovan individuals amounted to the equivalent of $181.30 million. Gross inflows for the same month reached $183.05 million. The National Bank published these figures, noting the growing demand for official channels for foreign currency inflows into the country.

    23 July 2026
    Payments to the public are not being made

    The timeframe for public discussion of regulatory and legislative acts submitted for public consultation is being extended. The government has approved a corresponding decision, enacting it as a new law, “so that interested citizens and organizations have more time to analyze the proposals and submit recommendations.”

    23 July 2026
    Citizens will be involved

    The Moldovan Parliament endorsed the candidacy of Vasile Tofan, a 44-year-old pro-European investment manager and financier nominated by the ruling party. On July 21, 2026, 53 deputies from the ruling Action and Solidarity (PAS) party passed a vote of confidence in the cabinet, after which President Maia Sandu signed the corresponding decree.

    22 July 2026
    The Role of the New Prime Minister: Crisis Manager or Firefighter?

    According to the EU Neighbors East 2026 study, commissioned by the European Union, trust in government institutions in Moldova remains low. However, attitudes toward the European Union itself are at a record high.

    22 July 2026
    The EU has found out how Moldovans feel about it

    Government Secretary-General Alexei Buzu has been instructed to urgently submit, by the end of July, a “package of proposals and specific measures” that will reduce the excessive salaries of certain officials and “give people a sense of fairness,” until order is restored to the overall system of public sector pay.

    22 July 2026
    Alexei Buzu has been tasked with restoring trust

    In June 2026, the Moldovan foreign exchange market remained relatively balanced. Net demand for foreign currency from economic agents acting as importers was consistently offset by supply from individuals. Over the course of the month, supply from individuals increased by more than 16% compared to May, which supported the stability of the national currency.

    22 July 2026
    The foreign exchange market has stabilized

    Prime Minister Vasile Tofan believes that the future Minister of Agriculture, Radu Mustață, will face the most challenging term during his tenure as prime minister.

    21 July 2026
    Vasile Tofan: “I’m more of a farmer than a banker”

    Prime Ministerial candidate Vasile Tofan believes that a “unique window of opportunity” has now opened for the new government to lead the country out of the crisis.

    21 July 2026
    Five Questions That Will Keep the Government on Edge

    Prime Ministerial candidate Vasile Tofan presented an ambitious government program to the parliament, asking for a vote of confidence and … for patience: there are so many challenges ahead that immediate results should not be expected. At the same time, the candidate expressed complete confidence that his team would rise to the responsibility entrusted to it—all it takes is effort and moving step by step toward the goals outlined in the program.

    21 July 2026
    Tofan: “Don’t expect results from us in the first 100 days!”

    In June 2026, new deposits totaled 28,769 million lei. Of this amount, 69.3% came from businesses and 30.7% from individuals. These figures reflect activity in Moldova’s banking market, where the corporate sector accounts for the bulk of new funds raised.

    21 July 2026
    The bank’s portfolio totals approximately 150 billion lei

    Demand for “cash” in the country remains traditionally high. In June, as in previous months of 2026, the volume of cash withdrawals by citizens and businesses exceeded the volume of cash they deposited back into bank vaults. The total amount of cash withdrawn from checking and savings accounts, ATMs, and bank teller windows in June 2026 amounted to 16,506 million lei.

    21 July 2026
    Demand for “cash” shows no signs of slowing down