News about EU

Production of TV series within the framework of international coproduction will become more accessible. Moldova has signed the Council of Europe Convention on the coproduction of audiovisual works in the form of serials.

French luxury holding LVMH has agreed to sell the Marc Jacobs brand to the American company WHP Global, which manages a number of fashion brands and actively buys fashion assets. G-III Apparel Group is also involved in the deal. According to Reuters and the Financial Times, the value of the brand could be about $1 billion.

Latvia is in political turmoil after its defense minister and prime minister resigned.

The quality of the Moldovan stratum called “elite society” is deteriorating year by year.

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.

“The pressure on Russia must not abate,” Moldovan President Maia Sandu said at the opening of the Council of Europe’s ministerial session, which saw the signing of a Partial Enlarged Agreement on the establishment of a Committee for the Management of the Special Tribunal for the Crime of Aggression against Ukraine.

The Moldovan authorities are studying the possibility of creating a specialized national institution, which will deal with the implementation of large-scale projects. It is about the formation of a single structure capable of managing large-scale investments and increasing the efficiency of the utilization of European funds.

The European Parliament has banned the Georgian TV channel Imedi TV from accessing its building for one year. It is also reported that Moldova has denied accreditation to Imedi TV, Rustavi 2 and PosTV to cover the 135th session of the Committee of Ministers of the Council of Europe in Chisinau. It is noted that the Georgian Foreign Minister plans to participate in the session. In response to these decisions, Tbilisi criticized Strasbourg and Chisinau.

The European Parliament will award the Order of European Merit for the first time. This is a new award established on the eve of the 75th anniversary of the Schuman Declaration to recognize contributions to European integration and the protection of EU values. Among the first recipients are 13 prominent politicians, diplomats and public figures, including President Maia Sandu, former German Chancellor Angela Merkel and former Polish President Lech Wałęsa.

Moldova’s tourism industry started 2026 with a strong growth. The total revenue of travel agencies and tour operators in the first quarter increased by 17.5% year-on-year and amounted to 495 million lei.

The Government has defined the conditions under which car registration may be suspended. The new rules will come into force six months after they are published.

The International Monetary Fund (IMF) will send its staff to Ukraine in the coming weeks to check on progress in the implementation of economic reforms under the new 4-year, $8.1 billion Extended Fund Facility (EFF) program.

Since 2022, the total amount of support provided by the French Development Agency (AFD) to the Republic of Moldova has exceeded 300 million euros.

Export licenses to China for hundreds of U.S. meat processors, which were recently renewed after more than a year’s hiatus, are now listed as expired, according to Chinese Customs.

Natural gas prices in Europe posted moderate gains on Thursday amid expectations of new signals from international politics and talks between the U.S. and China.

Law enforcers in 15 countries have uncovered an international scheme to sell counterfeit cancer and diabetes drugs with a turnover of about 240 million euros.

In 2025, European businesses are facing the need to cut back on investment, causing the level of business investment in the EU to fall to its lowest level in 11 years. This fell to 21.8% by the end of 2025 (Q4).

The problems of harmonization of the national tax system with the EU standards and, in particular, the EU VAT Directive were the subject of a training seminar held from 13 to 15 May at the Ministry of Finance.

Hungarian low-cost carrier Wizz Air will place a fifth airplane at its base at Chisinau International Airport and increase the frequency of flights to 10 European destinations. This was announced by the airport administration.

Apple stocks in Europe are currently about 20% higher than a year ago.