Irina Covalenco, Author at logos-pres.md - Page 5 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

    European Council President António Costa has said that it is necessary to prepare for the official opening of the first clusters of negotiations on Ukraine’s accession to the European Union.

    24 April 2026
    António Costa: Time to open the first cluster of negotiations with Ukraine

    Numerous violations of financial discipline in the accounting of state assets of the Ministry of Defense were revealed in the course of an external audit. Understatement of value, misstatement of costs, and other reporting shortcomings prevented the Accounts Chamber from issuing a final opinion without reservations about the legality of the ministry’s use of state appropriations in 2025.

    23 April 2026
    Accounts Chamber: Ministry of Defense distorts accounting of state assets

    On Wednesday, April 22, Ukraine resumed transit of Russian oil through the Druzhba oil pipeline to Hungary and Slovakia after almost three months of downtime. The resumption of oil transit through the pipeline was announced by Hungarian energy giant MOL on Wednesday. And on Thursday morning, Bratislava confirmed that crude oil pumping had begun. This allowed Budapest and Bratislava to lift their “veto” on a €90 billion EU loan to Kiev.

    23 April 2026
    Kiev resumes oil transit in exchange for EU aid

    A Chisinau court yesterday sentenced former Democratic Party leader and fugitive oligarch Vladimir Plahotniuc to 19 years. He was found guilty of bank fraud, organizing a criminal group and money laundering.

    23 April 2026
    Countries remember their “heroes”

    Experts discussed with government and business representatives the labor market forecast for 2026, noting the gap between qualifications and employer demand, which is increasingly shifting towards low-skilled labor.

    22 April 2026
    Employers are looking for simpler workers

    JPMorgan raised its market capitalization target for 2026, reversing a previous downgrade in its forecast due to the war against Iran. Analysts said Anthropic’s new model breathes new life into the artificial intelligence industry. JPMorgan said expected first-quarter earnings growth will also boost the stock.

    22 April 2026
    JPMorgan: capitalization forecast of companies raised

    Economist Vladimir Golovatiuc notes that the active sale of foreign currency by the Moldovan population has recently become a significant support for the family budget. In his opinion, this indicates the forced use of currency receipts due to the fall in real incomes.

    22 April 2026
    Golovatiuc: Sale of currency is a significant help for the population

    A Greek company that deals with maritime risk management has warned that some shipping companies have received fraudulent messages from unknown individuals posing as Iranian authorities. The messages offer safe passage through the Strait of Hormuz in exchange for cryptocurrency.

    21 April 2026
    Fraudsters have been on the rise in the Strait of Hormuz

    As of spring 2026, the foreign exchange market of Moldova is characterized by high volatility and instability. At the same time, the situation with meeting the demand for currency is difficult, but does not indicate a complete deficit.

    21 April 2026
    Demand for currency is not fully satisfied

    According to the data of the National Bank of Moldova (NBM), in March 2026, the volume of new loans issued amounted to 9,039 million lei. Of these, 70.8% of loans were issued to enterprises (business sector), and 29.2% to individuals. Lending was performed mainly in Moldovan lei (MDL).

    21 April 2026
    Mortgage started to shrink under the pressure of the National Bank

    According to the IMF’s April 2026 World Economic Outlook (WEO) report, Moldova ranks last in Europe in terms of GDP per capita at purchasing power parity (PPP).

    20 April 2026
    Moldova remains an outsider in terms of purchasing power

    The dollar, considered a defensive asset, rebounded amid renewed tensions between the US and Iran. Hopes for a peace agreement are fading as Iran has said it will not participate in the talks. The Strait of Hormuz in the spotlight: Iran has once again blocked this crucial waterway.

    20 April 2026
    The dollar rose to a one-week high

    Oil and natural gas prices rose sharply at the start of the week after the U.S. Navy seized an Iranian vessel during a weekend of Tehran shelling ships and reimposing controls in the Strait of Hormuz.

    20 April 2026
    Oil and gas prices have risen sharply

    The spring meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, DC (April 13-19, 2026) concluded with a focus on supporting the hardest hit countries in the face of global uncertainty and necessary structural reforms.

    19 April 2026
    IMF “checked the clock” with member countries

    In March 2026, the volume of attracted new deposits amounted to 27,254 million lei, one third of which was provided by the population. Compared to February, the volume of new deposits increased by almost 7%.

    19 April 2026
    NBM: banks attracted more new deposits

    A key defense metal has found itself at the center of a conflict. The beneficiary of the struggle between the U.S. and China for control of rare earth supply chains could be Vietnam, which, despite its rich reserves, has so far been unable to effectively utilize its natural resources.

    19 April 2026
    The price of tungsten has skyrocketed in Europe

    In March, according to the National Bank of Moldova (NBM) data, the trend of excess of cash withdrawals over cash inflows continued in the banking sector of Moldova. These indicators emphasize the continuing high demand of the population for cash.

    18 April 2026
    Demand for cash in Moldova remains high

    The National Commission for Financial Market (NCFM) today officially confirmed the facts of violation of consumer rights by OTP Bank S.A.. The regulator identified serious discrepancies in loan agreements and guarantee agreements.

    18 April 2026
    NCFM: commercial bank “OTP Bank” does not respect consumer rights

    According to the data of the Ministry of Finance, during the first five days of subscription (April 13-17, 2026), about 59 million lei were invested on the eVMS.md platform during the April round. More than fifty individuals carried out 635 transactions, reaching a record level of interest in investment instruments since the beginning of the year.

    17 April 2026
    The population rushed to buy up government securities

    In April, the Moldovan leu showed a moderate strengthening against the US dollar and a slight weakening against the euro.

    17 April 2026
    Moldovan leu exchange rate remains stable