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French luxury department store chain Galeries Lafayette has closed its flagship store in China, admitting: the country’s luxury market is not what it was a decade ago.
Moldovan President Maia Sandu received in Chisinau Salome Zurabishvili, who led Georgia from 2018 to 2024.
The 2026 World Cup could be the final major tournament for a generation of players who have defined world soccer over the past two decades. Many of them have already passed the peak of their careers, but they retain their status as leaders and symbols of their national teams.
The legal framework for animal identification and registration will be modernized and supplemented to ensure traceability in the relevant register of the Republic of Moldova, as well as to harmonize national regulations with European Union standards.
Volvo Cars shares jumped more than 6% after the Swedish automaker got the green light from US authorities to import and sell connected cars. The decision was an important signal for the entire industry: Washington is increasing its control over digital technologies in cars, but Volvo managed to pass the test.
The European Commission has unveiled the ‘One Trip, One Ticket’ initiative, which could significantly change rail travel across Europe by removing one of the key problems for passengers – the need to buy tickets from different operators for the same route.
In Eastern Europe, an annual income of 100 thousand euros leaves more “on hand” than in Western and Northern Europe. The calculations are complicated, these are only experts’ estimates, because the tax systems themselves differ: in some countries they are relatively simple, in others much more complex. But the conclusion is unambiguous. Bulgaria tops the ranking.
The Government approved the draft law on ratification of the Agreement on credit support and grant for the implementation of the Integrated Agricultural and Irrigation Development Program (iDRIP) project.
Bank Goldman Sachs raised its year-end forecast for the S&P 500 index from 7,600 to 8,000 points. The bank attributed this to strong corporate reporting for the first quarter and improved profit expectations for U.S. companies.
In Europe, “winter” electricity is trading at the highest premium since 2022 due to gas and hydropower shortages. Low gas reserves and shrinking hydropower reserves increase the risk of even higher energy prices for businesses and households.
The government has approved, with minor comments, a draft law on strengthening anti-crisis regulation mechanisms in the sphere of oil products. The decision was made on Wednesday, May 27, amid disagreements between the executive branch and representatives of the business community.
American Airlines announced May 26 that it will install Starlink-based Wi-Fi on more than 500 narrowbody aircraft beginning in the first quarter of 2027.
Ukraine may face the threat of suspension of financing from the IMF and the EU as early as this summer. The reason for this is delays with the law on taxation of international parcels, which international partners are demanding.
Latvia and Lithuania, following the European Union and a number of other EU countries, have summoned Russian ambassadors to protest against Russia’s threats to launch new massive strikes against Kiev and demands for foreigners and diplomats to leave the Ukrainian capital.
To celebrate the 25th anniversary of the Wine Vernissage, held under the slogan “Wine Vernissage. Our Pride”, more than 1,200 people gathered.
Representatives of customs authorities, border police and law enforcement agencies from Moldova, Romania, Ukraine, Bulgaria, Serbia, Croatia, Hungary and Italy, as well as representatives of international and regional organizations, including FRONTEX, OLAF, EUROPOL, ICMPD and SELEC, participated in an international conference on combating illicit trafficking of goods held in Bucharest on 26 May.
Austrian company TUV, specializing in cybersecurity and compliance analysis, has opened a division in Moldova, the national investment attraction agency said.
The Congress of Local Authorities of Moldova (CALM) criticizes the government’s new decree on administrative-territorial reform and accuses the executive branch of lacking real consultation with local authorities.
In the Polish village of Konotopi, where only about 120 people live, the construction of a large-scale statue of the Virgin Mary is being completed, which may become the highest such monument in Europe.
Romania’s Culture Minister Andras Istvan Demeter resigned on Monday, May 25, following the scandal caused by the publication of an audio recording in which he reportedly makes harsh remarks about “national interests.”
