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Category: Global Economy
The US authorities temporarily allowed the purchase of Iranian oil loaded on tankers earlier than March 20. The relaxation of sanctions will last 30 days. It will allow about 140 million barrels to be brought to the market. The goal is to bring prices down below $100 per barrel.
Vertical take-off and landing (VTOL) airplanes and helicopters will be officially authorized in Moldova. Certification and permits will be introduced for them, pilots will have to undergo updated training and licensing, including emergency helicopter flights.
Moldovan scientists and researchers are invited to more actively utilize the opportunities for cooperation with the EU in the field of science and innovation through the Office of the Republic of Moldova for Science and Technology to the EU (MOST).
The attacks on Iran increased the wholesale price of flour-grade wheat from the Black Sea region by about $6/t.
The March 19 summit of EU heads of state was supposed to focus on competitiveness and discuss comprehensive measures that would boost EU economic growth.
Moldova has been waiting for more than three years for the start of negotiations on joining the EU, but during these years it has only drifted away from the European standards in all fields, says former Deputy Prime Minister and former Economics Minister Alexandru Muravski.
Russia is preparing to cut military spending for the first time since the start of the war against Ukraine. But this reduction does not mean a weakening of war funding: the government is looking for ways to spend more efficiently.
On Friday, March 20, the British pound fell in value due to rising oil prices, which worsened investor sentiment.
On March 18-19, the Romanian capital hosted the East Gate Strategic Forum, the founding act of the European Group for Territorial Cooperation (GECT – Grupării Europene de Cooperare Teritorială).
The Board of Directors of the Bank of Russia at a meeting on March 20 reduced the key rate by 50 basis points, down to 15%. This is reported by RBC with reference to the regulator. This is the seventh consecutive rate cut in the current cycle of monetary policy easing, which started in June 2025.
Austria wants to temporarily reduce the tax on mineral fuels: as a first step, the tax on diesel and gasoline is to be reduced by 5 euro cents per liter each, the Austrian federal government has announced.
The European Environment Agency (EEA) and its European Environmental Information and Observation Network (Eionet) today approved the Republic of Moldova as a partner country, thus expanding the EEA network to 32 member countries and 7 partner countries across Europe.
The quota trading system has divided EU countries at today’s summit. The 27 leaders agree that energy prices are a serious problem, but disagree on how to solve it.
More than 400 participants took part (offline and online) in trainings dedicated to the implementation of projects financed under the Interreg VI-A NEXT Romania-Republic of Moldova 2021-2027 program, which took place in Chisinau.
EU leaders gathered for a summit today to try to persuade Viktor Orban to lift his veto on a 90 billion euros allocation to Ukraine and to discuss the escalating military conflict in the Middle East and high energy prices.
US President Donald Trump has vowed to “blow up everything” in Iran’s South Pars gas field if Tehran attacks Qatari gas fields again.
At the opening of the session, oil was trading around $110 per barrel. As of 5:55 Moscow time, the cost of May futures for Brent increased by 4.5% to $112.26 per barrel. In general, oil rose in price by about 11% during the week, and for the month the growth exceeded 50%.
On Wednesday, March 18, global oil prices showed a decline after the news of resumption of oil exports from Iraq’s Kirkuk fields to the Turkish port of Ceyhan.
From April 10, 2026, the automated entry/exit system EES (Entry/Exit System) will be fully operational in the Schengen area, abolishing stamps in passports. Citizens of non-EU countries will now be asked for biometric data: face (photo) and fingerprints when crossing the border.
The funds from the European Union will be used for investments in energy, water supply and social services, including support for children and youth. This was stated by Prime Minister Alexandru Munteanu, commenting on the European Commission’s decision to allocate 189 million euros within the Reform and Growth Mechanism for Moldova.
