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Russians sharply increased the amount of cash in circulation in July. According to the Bank of Russia, the figure rose by ₽643.4 billion (approximately €7.2 billion), which is nearly one and a half times the increase seen in June. Since the beginning of the year, the amount of cash has increased by ₽2.1 trillion (about €23.5 billion).
Our approach is not to raise taxes, but to shift the tax burden in the right direction: lower taxes on labor, and higher taxes on vices and excess profits.
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.
Moldovan Prime Minister Vasile Tofan stated that the government has no plans to impose restrictions on Ukrainian grain imports, despite demands from some local farmers. According to him, there is no basis for such measures, since Ukrainian grain has not actually entered the Moldovan market this season.
An energy-saving campaign has kicked off in Moldova. Government agencies are collectively setting an example of frugality: they are turning off decorative lighting, hot water, and unnecessary lighting, and recommending that employees take the stairs instead of elevators and use only those electrical appliances that are absolutely essential.
“Ukrzaliznytsia” is in talks with “Moldovan Railways” to reduce transit tariffs for Ukrainian cargo by 50%.
Water levels on the Rhine—one of Europe’s major transportation corridors—have dropped to a record low.
The government has revised the most controversial proposal in the previous draft budget and tax policy for 2027—the plan to raise the VAT rate to 20 percent. VAT rates will be differentiated.
The Ukrainian marketplace Rozetka reported its largest financial losses in the company’s history following damage to its warehouse infrastructure near Kyiv.
Winemakers in southeastern France are facing a new threat in the wake of massive wildfires: even the grapes that survived may be unsuitable for winemaking due to what is known as a “smoky aftertaste.” Producers fear that the aftermath of the fires will cause the industry no less damage than the fires themselves.
One of the key priorities of the Republic of Moldova’s new tax policy for 2027, presented by Prime Minister Vasile Tofan on August 6, will be a review of the approach to personal income taxation. The reform focuses primarily on creating conditions for the growth of disposable income for citizens who receive official wages and participate in the formal economy. This principle is reflected in the very title of the draft: “Labor. Investment. Justice.”
Businesses will be permitted to use electronic archiving services. Digitized documents will be accepted during tax, customs, and other inspections, as well as during audits. Afterward, the original paper documents may be destroyed, with the exception of documents subject to permanent retention and those included in the Republic of Moldova’s Archival Fund.
Representatives of Armenia’s ruling party have been informed of the situation surrounding FlyOne. Gaik Vartanean, a member of the Moldovan Parliament, urged them to closely monitor developments as the company undergoes inspections in Moldova.
The extreme heat in Europe is already having a direct impact on the economy. The main losses stem from several factors: lower crop yields, increased strain on power grids, and higher logistics costs.
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%.
Anthony Fauci, the former director of the U.S. National Institute of Allergy and Infectious Diseases, may face further investigation after refusing to answer more than 100 questions from Congress regarding the actions of U.S. authorities during the COVID-19 pandemic.
During a press conference today, Moldovan Prime Minister Vasile Tofan confirmed that the new fiscal and tax policy framework includes an increase in the income tax rate for banks from the base rate of 12% to 18%.
The American corporation Procter & Gamble (P&G) has agreed to acquire the dietary supplement manufacturer Thorne for $3.8 billion. The deal will allow the owner of brands such as Ariel, Gillette, Oral-B, and Pampers to significantly strengthen its position in the rapidly growing market for health and wellness products.
The introduction of a 6% tax on the revenue of companies operating in the gambling industry, a 50% increase in excise taxes on e-cigarettes, a 20% increase on traditional cigarettes, and the imposition of excise taxes on soda, energy drinks, and fireworks—these measures have been proposed as part of a new tax policy. Prime Minister Vasile Tofan announced this during the presentation of the “Labor. Investment. Justice” project.
The key question of our time is no longer whether AI will change our world. It has already changed it. What the world needs now is a moral compass for this technology.
