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Category: Moldova’s Economy
Small and medium-sized enterprises (SMEs) in Moldova will be supported to reduce energy costs and increase competitiveness, Logos Press reports.
The annual volume of cargo transported by all types of transport in January-September increased slightly and reached a total of 14.3 million tons, Logos Press reported.
The total amount of loans granted to 979 entrepreneurs exceeded 4 billion lei, while investments in the national economy reached 6 billion lei, Logos Press reported citing data from the Ministry of Economic Development.
Annualized industrial production growth was 9% in September, mainly driven by manufacturing, Logos Press reported.
Business representatives oppose amendments to the current legislative framework regulating the activities of the State Labor Inspectorate (ISM) and the general regime of state control in the field of labor, Logos Press reports.
Under the slogan “the whole economy should work for European integration”, the authorities are trying to use all internal and external resources. Mostly credit resources. And in all possible and impossible ways. But they are still catastrophically lacking. The government and the National Bank are now acting remarkably well, stimulating sources of replenishment of funds, trumpeting successes and keeping silent about failures. It is not always possible, of course, to present it under the sauce of “for the benefit of the Moldovan economy”.
Individuals invested more than 22 million lei in the purchase of government bonds during the regular subscription period in November on the eVMS.md platform.
Moldova denounces the last of the 10 energy agreements within the Commonwealth of Independent States that have lost their relevance.
A total of 28.9 million lei was granted to 68 local enterprises, which will allow attracting additional investments in the economy worth more than 45 million lei, Logos Press reported.
Within the framework of the event “Moldova Startups Day: Bucharest Edition” on December 3, 15 startups from Moldova will present their businesses to investors and venture funds from Romania, – Logos Press reports.
According to the European Airports Association (ACI Europe), Moldova recorded an impressive 45.5% increase in air passenger traffic in September, which is the highest in Europe, Logos Press reported.
The new government’s program sets an ambitious goal of supporting the employment of at least 100,000 people over the next four years.
In Moldova, 5.13% of Metalferos shares are offered for sale at a price of at least 16 million lei for the entire stake.
This was stated by the director of the National Agency for Energy Regulation, Eugen Carpov, noting that at the end of the year, companies in the energy sector make calculations, based on which they can apply for tariff adjustments.
Romanian Transport Minister Ciprian Sherban has announced the acceptance of Romania’s proposal to acquire the Giurgiulesti port in Moldova. According to the official, the final details of the deal will be agreed in the near future, Logos Press reported.
The representative office of the World Bank Group in Moldova has revised the country’s economic development forecast for the medium term, raising the expected GDP growth in 2025 from 0.9% to 1.5%, – reports Logos Press.
Economy and Digitalization Minister Eugen Osmokescu said that Moldova’s GDP can be increased by 5-8% by continuing the regulatory reform, supporting startups and local production, attracting “anchor” companies and implementing innovations, including artificial intelligence, Logos Press reported.
The total project budget is $59.8 million. The project is financed by a loan from the International Bank for Reconstruction and Development (IBRD) and two grants ratified by Parliament in 2023. The project implementation period is from October 2023 to December 2029. Its main objective is to strengthen the educational infrastructure and improve the quality of the teaching and learning process.
The state has not learned to spend even other people’s money on the development of the country. Foreign aid is spent mainly on salaries and pensions and other current expenditures. In other words, it is eaten up. It is not always possible to “digest” the money for capital investments. The Accounts Chamber gives figures and reasons for such “indigestion”.
Most of the external loans and grants, according to the annual report of the Audit Chamber, were used last year to support the budget, while the absorption of development money was not complete, Logos Press reported.
