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Category: Global Economy
Bank holding Goldman Sachs forecast gold prices to rise to $5,400 per troy ounce by the end of 2026. The main driver is the increasing demand from central banks, which turned out to be much higher than previous estimates.
The bad news is that energy and commodity shortages will push prices higher. The good news is that core inflation remains largely subdued, giving central banks room to maneuver. The bad news is that inflation is rising sharply in the euro area and developing countries face rising inflationary risks from possible food shocks and climate risks. The good news is that a cooler labor market and incomes are keeping core commodity prices in check.
Water is the “new blood of economics”. Why do the world’s leading economic analysts think so? Probably because summer is coming soon and, very possibly, another record drought on one or several continents. And most of the fresh water in the world is not used for household needs at all. The main volumes of water intake are used for growing agricultural crops, power plants, and industry.
Diversifying trade relations amid global instability and U.S. trade policies will be the main subject of negotiations and the signing of an ambitious free trade and strategic partnership agreement (MGA) to strengthen economic ties. The European Union will be represented at the meeting by European Council President António Costa and European Commission chief Ursula von der Leyen.
Moldova intends to strengthen its participation in the EU Civil Protection Mechanism. The Ministry of Interior has drafted a new bill that will clearly define the procedure for interaction with EU countries in case of disasters.
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion in additional costs. And this amount continues to grow.
US President Donald Trump held a meeting with key members of his national security team on Saturday, May 16, on the way forward in the war with Iran.
President Maia Sandu is making visits to the European Parliament, the Netherlands and Prague this week. During her visit to Strasbourg, the head of state will be awarded the Order of European Merit.
More than half of the current number of refugees from Ukraine will remain in Europe until the end of 2029 under the scenario of achieving a “fragile peace with concessions” in a war with Russia this year.
In the 2026/27 season, Ukraine will increase sunflower production, sunflower oil production and exports after a weaker 2025/26 marketing season. However, Russia is still ahead of Ukraine and will retain its status as the largest sunflower oil producer in the world. This is evidenced by the USDA forecast.
Measuring instruments validated in the European Union will be recognized in Moldova as well. The Commission for Agriculture and Food Industry will consider next week a draft law amending the rules in the field of metrology and accreditation to bring the Moldovan system in line with European standards. The draft was previously approved by parliament in the first reading.
US coffee chain Starbucks announced on May 15 another round of layoffs among corporate staff and plans to close some regional support offices as part of its ongoing strategy to financially revitalize the business.
Europe could face shortages of a number of medicines amid escalating conflict over Iran and logistical disruptions across the Strait of Hormuz.
The average salary in Europe in 2025 differs from country to country. When purchasing power is taken into account, the gap is narrowing. But the gap between the countries with the highest and lowest wages is still wide.
The probability of Moldova gaining full membership in the EU by 2030 is 2-4%, and by 2040 – 35-45%. And that is subject to a number of conditions that depend little on Moldova itself.
The Kremlin announced on Saturday that Russian President Vladimir Putin will travel to Beijing on May 19-20 to meet with Chinese President Xi Jinping to discuss deepening bilateral cooperation and addressing key international issues. The leaders are expected to sign a joint statement and a number of agreements during the visit.
Kazakhstan has officially announced its readiness to join the Zangezur corridor project. This move could dramatically change the entire logistical map of Eurasia and create a new strategic route from China and Central Asia to Turkey and Europe, bypassing traditional routes.
The prospects of Moldova’s future membership in the European Union have long been at the center of discussions – both political and “kitchen” discussions.
Moldova has officially handed over to the Principality of Monaco the chairmanship of the Committee of Ministers of the Council of Europe. The ceremony took place at the end of a ministerial meeting in Chisinau, which was attended by almost 50 delegations.
One of the largest and most developed chemical clusters in the world is on the verge of a large-scale crisis. Over the past year, two of the cluster’s ten companies have already closed plants. Europe’s chemical industry is under pressure due to high energy prices, weak demand and growing competition from China.
