News about International trade

The G7 countries are unanimous in their support for Ukraine. Following the G7 finance ministers’ meeting in Paris, French Economy and Finance Minister Roland Lescure reiterated the G7 countries’ intention to “keep pressure on Russia”.

“Gas will be supplied to Georgia at a social tariff for the next 20 years, and for this, of course, special thanks should be expressed to the Azerbaijani side,” Prime Minister Irakli Kobakhidze said at a briefing at the government administration.

“Ukraine’s support contributes to the security of the Republic of Moldova and the entire region,” Deputy Prime Minister and Foreign Minister Mihai Popşoi said at the high-level international conference “Energy Security – Lessons from Ukraine” held in Berlin.

In the fruit-growing sector, where export depends more on the quality than on the quantity of production, the director of Biyaz Salkim company, Vera Iabanji, has created an agricultural business worthy of becoming a model for farmers from Gagauzia. Especially those who expect in the future to create a stable channel for exporting their products to the highly marginal fruit market of the European Union.

The drop in Arabica prices continues for the second month in a row. Since the beginning of May, coffee has fallen in price by 7.7%, and in April the decline amounted to 4.3%. Earlier this month, the cost has already broken through the psychological mark of 6 thousand dollars per ton – it happened for the first time since November 14, 2024. However, after that the market corrected upward a bit.

Is human reproduction possible outside the Earth? Chinese scientists are looking for an answer to this question. They have sent artificial human embryos aboard their national station Tiangong.

The Republic of Moldova strengthened its position on the international market of non-bottled wine, rising from 13th to 11th place in the world ranking of exporters, according to the analysis “Top 25 World Exporters of Bottled Wine: 2000 vs. 2024”, based on UN Comtrade data.

Yandex Taxi’s international brand Yango will invest $150 million to expand in Africa, with plans to enter markets in more than a dozen more African countries.

The possibility of Moldova’s membership in EUROFISH was discussed today by the director of this international organization, Marco Frederiksen, and the state secretary of the Agriculture and Food Ministry, Tatiana Nistorica.

Representatives of the Riga Investment and Tourism Agency (RITA), the Capital City Council and the tourism industry have agreed to increase the tourist tax in Riga to two euros per person per night starting from January 1, 2027.

As of mid-May, there were no significant changes on the Black Sea freight market. Deficit of new cargo transportation requests remains, especially in coaster segment. As a result, freight rates are decreasing.

The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect tomorrow, May 20.

Moldovan President Maia Sandu has received the Order of European Merit. This is a new award established on the eve of the 75th anniversary of the Schuman Declaration. Its goal is to recognize an outstanding contribution to the European integration and protection of the EU values. The head of state called the award a great honor.

Chinese leader Xi Jinping has admitted during talks with US President Donald Trump that Russian President Vladimir Putin may eventually regret invading Ukraine.

Grain futures on the largest commodity exchange in Chicago rose sharply at the beginning of the current week. This happened after the White House administration announced new commitments by China to purchase American agricultural products. This gave the market hope for growth in exports of not only U.S. soybeans, but also other agricultural products.

In order to receive part of the funds from the €90bn loan approved by the EU for Ukraine on April 22, Brussels requires Kiev to change its tax legislation.

In May on the fruit and berry market of Moldova, contrary to expectations, the prices for strawberries did not continue to decrease, but increased significantly – on average by 10-15%.

Customs is developing modern IT solutions for postal processing in collaboration with UNCTAD and the business community.

Germany’s largest automobile concerns are increasingly looking at the defense industry. Against the backdrop of a protracted crisis in the automotive industry, falling profits and production cuts, military orders are beginning to look like a new source of income for the industry.

The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect tomorrow, May 19.