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Category: Global Economy
The European Commission has announced a call for proposals worth 1.1 billion euros to modernize the Trans-European Transport Network (TEN-T), with a particular focus on rail transport, more environmentally friendly maritime transport, and military mobility. The funding will be directed toward supporting high-speed railways, the decarbonization of ports, the electrification of roads and airports, and the digitalization of freight transport. For the first time, Moldova and Ukraine will be able to participate in this program through the Connecting Europe Facility.
On Monday, the Romanian parliament rejected Prime Minister Adrian Vestea’s nomination, prolonging months of political instability in the country and increasing the likelihood of early elections if the government’s second candidate also fails to win the support of lawmakers.
U.S. automakers will begin manufacturing weapons, U.S. President Donald Trump said.
The second heat wave of the month is sweeping across Europe, forcing authorities to close schools, reduce rail service, and implement emergency measures to protect the public. In the coming days, temperatures in several countries could reach 37–39°C, and in some parts of Spain, they could rise to 45°C.
Following technical talks, Iran and the United States have formed four working groups that will address the lifting of sanctions, the nuclear program, reconstruction and economic development, as well as monitoring compliance with the agreements. This was announced by Iran’s Deputy Foreign Minister Kazem Garibabadi.
In response to the expansion of the blacklist compiled by the Pentagon—which includes Chinese giants such as Alibaba, Baidu, and BYD—Beijing has imposed trade restrictions on ten U.S. companies.
During the second EU–Moldova summit, held today in Brussels, European Commission President Ursula von der Leyen announced the allocation of new tranches of financial support for Moldova. The funds will be directed toward infrastructure development and strengthening the country’s security.
Maya Sandu, President of the Republic of Moldova, expressed her support for the United Kingdom’s possible return to the European Union.
Housing costs remain the largest expense for European households, but rent prices vary significantly—from the relatively affordable capitals of the Balkans to record-high prices in Switzerland and the United Kingdom.
In May 2026, Russia increased its imports of apples from Georgia more than fivefold.
Tomorrow, June 22, the European Union–Republic of Moldova Summit will take place in Brussels.
Germany’s government budget deficit is projected to rise to 5% of GDP in 2027, according to data from the Ifo Institute for Economic Research.
The Romanian Navy has officially commissioned the corvette “Rear Admiral August Roman” (261), a “Hisar”-class vessel built in Turkey and purchased for 220 million euros.
Italy, Greece, and Switzerland are actively attracting high-net-worth individuals from around the world, while the United Kingdom, Germany, and France are losing ground in the competition for wealthy residents. This is the conclusion of the Henley Private Wealth Migration Report 2026.
The U.S. may, in Washington’s interest, impose a toll on ships passing through the Strait of Hormuz if the deal with Iran falls through. U.S. President Donald Trump issued this warning on Saturday, June 20, on the social media platform Truth Social.
Iran announced the closure of the Strait of Hormuz to shipping, stating that this was in response to U.S. actions and Israeli strikes on Lebanon. This was reported by the Iranian news agency Mehr, citing the “Khatam al-Anbia” Armed Forces General Staff.
These days (June 18–21, 2026), finance ministers and central bank governors from the member countries of the Belgian-Dutch subgroup of the IMF and the World Bank have gathered in Varna, Bulgaria. The main goal of the meeting is to turn uncertainty into long-term opportunities for regional economies. Anca Dragu, Governor of the National Bank of Moldova, held a series of bilateral meetings with finance ministers and senior IMF officials during the forum.
The international rating agency Fitch Ratings has affirmed Kazakhstan’s sovereign credit rating at “BBB” with a “stable” outlook.
The average price of residential real estate in Turkey has exceeded 5 million Turkish lira (about $109,000) for the first time, but high inflation continues to offset price increases and is putting pressure on the market.
Monthly grain exports from Ukraine could drop by a third due to intensified Russian attacks on Ukrainian seaports and ships.
