Send us a message, and we will definitely consider your suggestions and comments.
News
“While economic growth is expected to recover in 2025, downside risks remain. Authorities should pursue prudent policies and maintain adequate levels of reserves, and have robust contingency plans in place, including shocks to the energy sector. And at the same time – promote investment and reforms favorable to economic growth. The EU accession process will also play a favorable role in this regard.
The updated memorandum of the International Monetary Fund (IMF) on the results of the sixth program review includes new commitments for Moldova for 2025. Among them – those not fulfilled in the past. They are related to increased risks of climate change and anti-corruption agenda, central bank management, budget revenues and salaries of officials. Two more assessments are foreseen under the program, which will end in December 2025.
Moldova decided to remind about the “Solidarity Lines” and to offer investors to invest in this European initiative. The first Moldova-Benelux business forum is scheduled for next week. At the forum, the Moldovan authorities intend to invite investors from Belgium, the Netherlands and Luxembourg to participate in the reconstruction of Ukraine, presenting Moldova as a “strategic partner” for this purpose.
France will grant Moldova a loan of 30 million euros for the energy rehabilitation of buildings within the INSPIREE project with a total value of 73 million euros.
A technically uncomplicated invention by Moldovan engineers has reduced heating costs by three times. Moldovan startup EcoFabrica has developed Dual-Heat Pro – an air-to-air solar collector that uses solar energy for space heating and water heating.
The Organization for Development of Entrepreneurship (ODA) has signed contracts with Fincombank, OTR-bank COMERŢBANK, EuroCreditBank and EXIMBANK under the FACEM fund program “BGK investments for energy efficiency and climate change adaptation”. Vadim Codreanu, head of the organization, told Logos Press.
There are ten banks left in Moldova. Few people remember now, but during the dawn of banking activity, 17 commercial banks were operating in the country at the same time. That’s at the same time. In reality, there were much more. But even today, as well as 35 years ago, many experts, especially foreign ones, believe that three to five banks would be enough for such a small country as Moldova. There is another opinion: every market participant has its own client, even in such a financially capacious sector as banking – even if the loan portfolio of a commercial bank (CB) is smaller than that of a non-banking credit organization (NCO). Still, the requirements for CBs are more stringent than for NCOs, and one must comply with them. It is not always necessary for NCOs to become banks.
The revenues of audit companies in Moldova in 2023 amounted to 286,304 million lei. This is by 14.8% or 36,908 thousand lei more as compared to 2022. Among other things, there was an increase in revenue from the realization of audit of financial statements, which increased by 9% (9,097 million lei). The market representatives explain this growth by the efforts and growth of audit companies, as well as by the growth of reporting. Plus the adjustment for inflation.
Moldova will have new ambassadors in Kazakhstan and Ireland The Parliamentary Commission for Foreign Policy and European Integration at a meeting on March 6 approved the positive candidates for these posts.
The State of Qatar is one of the most interesting and promising partners of Moldova in terms of potential for the development of multifaceted bilateral ties. Especially in the field of food trade, investments, energy interaction and humanitarian cooperation. Qatar was one of the first Arab countries to establish diplomatic relations with Moldova and opened its embassy in our country. Many believed at that time that this would be the key to developing closer cooperation not only with the State of Qatar, but also with the whole Gulf region. And even the whole Arab world.
The Palace of Railwaymen will not be sold, but will be transformed into a Palace of Culture and will become a place of attraction for artistic groups. Moldovan Railways has problems and cannot turn a blind eye to them, but they will be solved by restructuring the company.
The European Payments Council (EPC) on March 6 adopted a positive decision on the accession of Moldova and North Macedonia to the Single Euro Payments Area (SEPA). The European Commission’s statement on this occasion emphasized that this was a notable step towards the European integration of these countries.
