News about Economy of Moldova
Two records are being prepared for the second “Produs Autohton” (“Domestic Product”) National Exhibition. The event will feature Moldova’s largest cherry placinta, as well as a massive woven rug measuring 48 square meters.
Adrian Rezmeriță, a native of Moldova, has opened numerous Polonez stores in Ireland that sell goods from Eastern Europe, including Romania. The local Moldovan-Romanian diaspora is among the stores’ primary target customers.
The Moldsilva Agency has announced a government procurement contract for the purchase of 12 unmanned aerial vehicles—two for agricultural use and ten for inspection purposes. The total estimated cost of the procurement is 2.5 million lei, excluding VAT.
Marshmallows from the “Bucuria” confectionery factory completely disappeared from retail stores in July and early August. The Chisinau-based factory’s flagship product is also unavailable at wholesale outlets, but this does not mean that production has been discontinued.
Member of Parliament Constantin Cuiumju will appeal to the Chamber of Accounts, the National Agency for Energy Regulation (ANRE), and the Ministry of Energy, demanding that they evaluate the gas procurement mechanism: “The public should not have to pay for Energocom’s mistakes.”
Although Ukraine has increased its meat exports 33-fold this year, Moldova purchases virtually no meat from Ukraine.
The average pension in Moldova is nearly 5,000 lei. According to data from the National Social Insurance Fund, as of July 1, 2026, it stood at 4,808.9 lei, an increase of 9.2% over the past year.
Moldova will host a Youth Festival to mark World Youth Day, which is celebrated on August 12. The event is dedicated not only to entertainment but also to discussing pressing issues facing Moldovan youth, whose numbers continue to decline.
On August 7, 2026, the U.S. Senate confirmed Joseph Burkhalter as U.S. Ambassador Extraordinary and Plenipotentiary to the Republic of Moldova. The position had been vacant for more than two years following the conclusion of the mission of the previous ambassador, Kent Logsdon, in May 2024.
Moldova will appoint ambassadors to countries in Africa and Latin America. The diplomats will be based in Chisinau and will periodically visit countries where bilateral relations need to be developed.
The government will not be able to fulfill its commitment to raise salaries for public sector employees effective September 1 of this year, in accordance with the new Law on Wages in the Public Sector. The reason is a revision of the fiscal and tax policy for 2027.
The transfer of Mărculești Airport’s assets to the E. Doga Chisinau International Airport will be completed next week. Mărculești Airport plans to focus primarily on cargo transportation and charter flights during the summer.
The government has launched an awareness campaign urging citizens to use electricity more responsibly, especially during peak consumption hours.
The Romanian company Transgaz has signed a memorandum of understanding with the U.S. company Argent LNG to explore investments in one of the largest liquefied natural gas (LNG) in the United States, with the aim of ensuring energy security in Central and Eastern Europe and facilitating the transport of U.S. gas to the Republic of Moldova, Ukraine, and other countries in the region via Romanian infrastructure.
Testing of the remote digital identity verification system will begin this fall, and its full-scale implementation is scheduled for 2027.
Prime Minister Vasile Tofan stated on Friday that the Russian accounting software 1C, which is widely used in the Republic of Moldova, poses a security risk; however, despite this, he cannot demand its immediate discontinuation, instead calling for a gradual replacement.
A fund of funds established to develop Moldova’s capital market has attracted the attention of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). This was announced by Minister of Economic Development and Digitalization Eugeniu Osmochescu during a meeting with representatives of the Moldovan diaspora.
According to data from the National Bank of Moldova, as of July 31, 2026, official reserve assets totaled 5,197.74 million euros, down 18.35 million euros from the end of June (5,216.09 million euros).
Last month, the National Bank of Moldova (NBM) transferred nearly one billion lei to the state budget from its profits for the 2025 fiscal year, following an independent external audit of the institution’s financial statements. This amount represents half of the central bank’s distributable profits. The other half will be used to increase the NBM’s authorized capital.
Finance Minister Victoria Belous provided some details regarding the taxation of individuals in their dealings with legal entities.
