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Category: Global Economy
European stock exchanges went up sharply after the news about a possible deal between the US and Iran. Investors hope that the conflict will be at least partially frozen, which means lower risks for the global economy and the oil market.
European businesses that have remained in Russia have cooled sharply in their assessments of the immediate future of the Russian economy. Whereas a year ago half of the companies believed in growth, now only 17% do. At the same time, the number of those who expect the situation to worsen has almost doubled.
The State Tax Service (STS), as the body responsible for the implementation of the EU’s Fiscalis tax cooperation program, has been highlighted by the European Commission as the most active candidate country.
August futures for Brent crude oil were $94.7 per barrel – 5.4% cheaper than the previous day’s close, according to data from the London-based ICE exchange. The last time Brent fell below $95 per barrel on April 24. The cost of U.S. WTI crude oil, shipped in July, fell by 5.77% – to $90.83 per barrel.
The US and Iran have moved closer to the biggest deal since the start of a new round of conflict in the Middle East. According to reports, the two sides have reached an “agreement in principle” to restore shipping through the Strait of Hormuz, a key artery of the global oil market.
Deputy Prime Minister, Foreign Minister Mihai Popşoi participated in a conference on the promotion of trade and economic cooperation between Moldova and China, organized in Shanghai.
The richest one in a thousand residents of Europe receives about 4.5% of all incomes, but in different countries this figure differs several times – from less than 2% to more than 10%. This is evidenced by the data of the World Inequality Database.
European aviation is preparing for the winter season with a worrying scenario: airlines may start cutting flights amid expensive fuel and deteriorating flight economics.
The documents of graduation obtained abroad will be automatically recognized in Moldova. This measure is stipulated in the regulation prepared by the Ministry of Education and Research, which aims to simplify access to study and employment for those who studied in other countries.
Public debt service costs in developed countries are growing rapidly, reaching record global levels. This process is caused by the need for emergency anti-crisis borrowing and a long period of high interest rates set by central banks to fight inflation. Between 2020 and 2025, the ratio of public debt to GDP in developed countries increased by 25-30% on average.
US President Donald Trump has said that an agreement with Iran has been “largely reached” and that details will be announced soon. He said that the deal would include the opening of the Strait of Hormuz, but did not disclose details.
Turkey’s state-owned banks were forced to make large-scale currency interventions following a court ruling against a Turkish opposition leader, and the stock market collapsed 6.1 percent in a short time.
In two weeks, on June 7, Armenia will hold elections to the National Assembly, the country’s parliament. Nineteen political forces are registered to participate in the elections: two blocs and 17 parties. The total number of voters is 2,483,520. This figure is comparable to that of Moldova, and the parallels do not end there.
The European Union has officially cut off access to the digital ruble and Russian-linked cryptocurrency platforms. On May 24, the 20th package of EU sanctions came into force, which for the first time imposes large-scale restrictions against Russian cryptoinfrastructure.
Russian authorities are increasing pressure on imports from Armenia. After the ban on the supply of flowers, vegetables and fruits, cognac has also come under restrictions. This can be a sensitive blow for the Armenian economy.
In the near future, the world economy risks a crisis comparable to the 2008 recession.
The energy shock of the war over Iran is turning into a financial crisis for developing countries. As many as 27 nations have begun urgently accessing World Bank reserve facilities to get quick cash amid soaring fuel prices, supply disruptions and pressure on budgets.
European pork production, consumption and exports will continue to decline. An important reason is the consequences of ASF in Spain. Experts of the European Commission expect that pork production in the EU-27 countries in 2026 will decrease by about 1.0% to about 21.76 million tons.
For the first time since 2022, global grain production will decline this year. The main reasons are a decrease in planted area and lower average yields of cereal crops. This is the latest forecast from the International Grains Council (IGC), according to forecasts,
The European Union has officially rejected the UK government’s proposal to create a separate single market for goods. Brussels responded by rejecting London’s initiative aimed at deepening bilateral trade relations, confirming that any attempts to obtain selective privileges without meeting all membership conditions are ruled out.
