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Category: Global Economy
Zurich has become the most expensive city in Europe in terms of housing costs, with the average price of apartments reaching €18,229 per square meter. This price is more than double that of Paris.
On June 11, 2026, the Parliament of the Republic of Moldova passed, in its final reading, a law on geographical indications, guaranteed traditional specialties, and voluntary quality labels.
In its June report, the U.S. Department of Agriculture (USDA) does not foresee any major changes in the global wheat market.
Romania’s DIGI Communications is strengthening its position in the European market: the company is expanding its presence in Belgium through a partnership with the national postal service, Bpost. At the same time, it is developing initiatives related to artificial intelligence and cybersecurity.
At its meeting on June 11, 2026, the European Central Bank (ECB) raised its three key interest rates by 25 basis points. This decision marked the first rate hike since September 2023 and was a response to inflationary pressures caused by the geopolitical crisis and the war in the Middle East. The ECB downgraded its forecast, expecting average inflation in 2026 to reach 3.0%. The baseline forecast for eurozone GDP growth in 2026 has been lowered to 0.8%.
The World Bank has lowered its global economic growth forecast for 2026 to 2.5%. This figure is the lowest since 2020, reflecting a general slowdown in economic activity. The revision is largely due to the risks and consequences of conflicts in the Middle East. The projected growth rates are significantly lower than pre-pandemic levels. In adverse scenarios, experts warn of the risk of growth slowing to as low as 1.3%.
On average, the cost of a kilowatt-hour of electricity in Moldova between 2023 and 2026 was $0.177. This figure ranks our country 60th in the world (out of 145 countries surveyed).
Radu Vrabie, Director of the Customs Service of the Republic of Moldova, took part in the 3rd High-Level Conference of Heads of Customs Administrations from the Western Balkans and EU Member States, held on June 11 in Athens.
The euro’s role in foreign policy needs to be strengthened. The European Central Bank (ECB) called for this a year ago, but little has changed since then. The results of the first year of the euro’s global promotion have been disappointing. The European currency has yet to break free from its transatlantic dependence.
The security of the Neptun Deep project, which is set to become the largest natural gas production facility in Romania’s Black Sea sector, was discussed at a meeting of NATO representatives on June 10. Romanian President Nicușor Dan wrote on X that “allies expressed solidarity with Romania regarding the recent drone incidents.” He confirmed that “an agreement was reached to accelerate NATO projects addressing drone threats” to protect the gas project.
Unilever South Central Europe, the Romanian import and distribution division of the Anglo-Dutch giant Unilever—one of the largest players in the global consumer goods market— reported a net profit of over 444 million Romanian lei in 2025, compared to 30 million lei the previous year, representing an increase of nearly 1,400%.
Major EU countries are discussing options for a major overhaul of the diplomatic service. In essence, this amounts to the de facto dismantling of Kaia Kallas’s department—she may be stripped of her authority and control over 140 diplomatic missions.
Local and central public authorities in the Republic of Moldova will be able to participate in European Groupings of Territorial Cooperation (EGTCs)—legal entities designed to facilitate the implementation of cross-border projects and the attraction of external funding.
A new-generation oil refinery will be built in Azerbaijan over the next 5–6 years.
The U.S. economy will continue to grow despite geopolitical risks and inflationary pressures, while growth in the eurozone could nearly halve in 2026.
Luxembourg, a country with a population of about 700,000, became the European leader in attracting foreign direct investment (FDI) in 2024, surpassing major economies such as France, Spain, and Italy, according to the “World Investment Report 2025” published by the United Nations Conference on Trade and Development (UNCTAD).
The European Bank for Reconstruction and Development (EBRD) and the European Union are stepping up their support for digital development in regions outside the EU where the EBRD operates, including in partner countries in Eastern Europe.
Consumer inflation in the U.S. accelerated to 4.2% year-over-year in May—the highest level since April 2023.
As of the end of 2025, the European Public Prosecutor’s Office (EPPO) was conducting 535 active investigations in Romania, involving an estimated loss of €6.05 billion.
Mongolia has signed an interim trade agreement with the EAEU, which will take effect in July 2026. One of the consequences for the country is a reduction in customs duties on grain. Cheaper imported grain will enter the Mongolian market from Russia and Kazakhstan—countries that practice agriculture on a continental scale with industrial efficiency.
