Irina Covalenco, Author at logos-pres.md - Page 7 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

    Representatives of EU countries and the European Parliament failed to agree on a new “Return Regulation” regulating the rules for deporting illegal migrants.

    22 May 2026
    EU countries and the European Parliament argue over deportation rules

    In April 2026, the net demand of economic agents (legal entities) for foreign currency in Moldova was covered by the net supply from individuals by 80.5%. This indicator shows a decrease compared to March, when the level of coverage amounted to 92.0%. The main indicators and tendencies of the foreign exchange market, according to the official reports of the National Bank of Moldova (NBM), were formed under the influence of business activity recovery and servicing of external liabilities.

    22 May 2026
    Demand for foreign currency outstrips supply

    The Council of the European Union has decided to suspend customs duties on imports of nitrogen fertilizers used in the bloc’s agriculture for a year. This measure is designed to reduce the costs of European farmers by about 60 million euros.

    22 May 2026
    EU abolishes customs duties on nitrogen fertilizer imports for a year

    On Friday, investment bank JPMorgan warned that Turkey’s central bank is likely to raise its key interest rate to 40%. The increase could come before the next scheduled meeting in June, given the current market volatility caused by political factors.

    22 May 2026
    Turkey ‘suspected’ of being tough on inflation

    In April 2026, wind and solar power surpassed natural gas in global electricity generation for the first time. Global wind and solar power generation increased by 13% year-on-year to a record 22% of global electricity generation, while natural gas power plants accounted for around 20%. Wind and solar power plants produced a combined 531 TWh of electricity in April, compared to 477 TWh of generation from natural gas.

    21 May 2026
    Wind and solar have overtaken gas in generating electricity globally

    Chisinau will not receive money, but the rigidity of criteria for evaluating economic policy will remain at the level of standard IMF loan agreements. Any violation of the reform schedule will instantly deprive Moldova of the status of a “reliable borrower” before other donors.

    21 May 2026
    “There’s no money, but you hang in there” … .

    In May, the volume of visible stocks of crude oil and petroleum products fell by 8.7 million bpd. This decline indicates a critical supply deficit – this is almost twice the average rate of decline since the start of the conflict.

    21 May 2026
    Goldman Sachs: global oil inventories shrinking at record pace

    German Chancellor Friedrich Merz has proposed granting Ukraine the status of an “associate member” of the European Union. This status implies the possibility for the country’s representatives to participate in the work of the association’s governing institutions without the right to vote.

    21 May 2026
    Merz proposes giving Ukraine ‘associate member’ status in EU

    The European Union reached a preliminary agreement Wednesday on a bill to eliminate import duties on goods from the United States, a key part of a trade deal struck with the United States last July. The move is likely to avoid higher U.S. tariffs on EU products.

    20 May 2026
    EU reaches tentative agreement to finalize trade deal with U.S.

    “Internationalization” of Moldovan business, its digitalization and non-repayable loans – updated support measures approved today by the government. By 2027, the executive branch plans to increase the number and contribution of small and medium-sized enterprises to GDP production, to attract more than 17,000 pairs of workers, including from foreigners, and to more actively support businesses “with a female face”.

    20 May 2026
    Businesses will be helped again

    Often the detected irregularities in the management of public resources are not caused by malicious intent, but by the complexity of the legal framework and the procedures to be applied. This opinion was shared by Finance Minister Andrian Gavrilita at the ongoing training events of the State Inspectorate of Financial Control (SIFC), dedicated to combating violations detected during financial audits.

    20 May 2026
    Andrian Gavrilita: The waste of public resources is not due to malicious intent…

    Moldova’s insurance market in 2025 was characterized by growth in premiums (up to 3.35 billion lei, +3.1% vs. 2024), record payouts and a sharp drop in net profit.

    20 May 2026
    The insurance business is turning into an area of increased financial risks

    The drop in Arabica prices continues for the second month in a row. Since the beginning of May, coffee has fallen in price by 7.7%, and in April the decline amounted to 4.3%. Earlier this month, the cost has already broken through the psychological mark of 6 thousand dollars per ton – it happened for the first time since November 14, 2024. However, after that the market corrected upward a bit.

    19 May 2026
    Arabica coffee exchange prices collapse to 2024 lows

    In April, in annualized terms, producer prices of industrial products increased by 1.1%, according to official statistics, and by 0.4% for the month. This means that the pressure on inflation is mainly exerted by external factors and the service sector, rather than local production.

    19 May 2026
    Outlet prices are not yet pushing down inflation

    The public service agency said it is “in active contact with law enforcement and is providing all necessary support” to fully investigate the criminal case of corruption within the agency’s ranks in the issuance of driver’s licenses and wants it to go to trial.

    19 May 2026
    Public Services Agency cooperates with investigation into departmental corruption scandal

    The May round of subscription for state securities (SS) in the period from May 18 to June 1, 2026 through the eVMS.md platform started with a surprise: the Ministry of Finance, which had not changed the conditions for a long time, increased the rates for all subscription terms from 1 to 4 years. The investment instrument for citizens will become more attractive. The yield on these securities exceeds the average rates on bank deposits for individuals.

    19 May 2026
    The government’s domestic borrowing will become more expensive

    The bad news is that energy and commodity shortages will push prices higher. The good news is that core inflation remains largely subdued, giving central banks room to maneuver. The bad news is that inflation is rising sharply in the euro area and developing countries face rising inflationary risks from possible food shocks and climate risks. The good news is that a cooler labor market and incomes are keeping core commodity prices in check.

    18 May 2026
    Bloomberg forecast: oil shock continues to add to global inflationary pressures

    The Ministry of Finance is considering the possibility of diversifying the range of financial instruments for government borrowing and introducing the so-called “Green Bonds” in line with the emerging fashion trend. This was announced by Ion Gumene, State Secretary of the Ministry, at a seminar organized by the United Nations Development Programme (UNDP) within the framework of the Debt4SDGs initiative.

    18 May 2026
    “Green bonds” will add to the state’s financial instruments

    Diversifying trade relations amid global instability and U.S. trade policies will be the main subject of negotiations and the signing of an ambitious free trade and strategic partnership agreement (MGA) to strengthen economic ties. The European Union will be represented at the meeting by European Council President António Costa and European Commission chief Ursula von der Leyen.

    18 May 2026
    EU leaders head to Mexico

    The National Bank of Moldova (NBM) is developing its internal management system based on artificial intelligence, as well as an AI-based internal assistant used for quick access to institutional information, data analysis and processing, integrated SupTech initiatives and digital infrastructure. This was announced by Anca Dragu, Head of the NBM, at the Tech Talks 2026 international conference held in Timisoara, dedicated to the dialog on the role of innovation in enhancing competitiveness.

    17 May 2026
    AI has infiltrated the National Bank