News about Macroeconomics
The Ministry of Finance of the Republic of Moldova will conduct a detailed analysis and possible review of budget expenditures. The methodological framework for the review of budget expenditures was presented in late June at an event organized by the ministry with the participation of international experts from UNDP and the World Bank, who are assisting the ministry in this effort.
The National Bank of Moldova’s (NBM) official reserve assets as of the end of June 2026 stood at 5,216.09 million euros, an increase of 27.82 million euros from May’s figure, which had shown a decline. The country’s foreign exchange reserves periodically show growth during the summer months. As external inflows and currency revaluations occur, monthly fluctuations depend on external transfers, loan tranches, and market operations.
An analysis of macroeconomic trends shows that closing the gap between the country’s obligations and its revenues is increasingly dependent on external financing and remittances.
What steps should the future government take to revive the economy? The independent think tank Expert Grup has prepared an interactive infographic titled “Seven Economic Priorities That Should Guide the Cabinet of Ministers in Its Work.”
In Moldova, a total of 1,601 thousand dwellings were counted, of which 995 thousand (or 62%) were occupied, while 38% were vacant. In Chisinau, the number of occupied dwellings is 301,942; the number of vacant dwellings is not specified, but given the stated proportion, it is not difficult to make an approximate estimate.
According to Eurostat, Greece led Europe in terms of rising unemployment in the first quarter of this year, emerging as the European labor market that was “impoverishing” the fastest.
Maya Bănărescu, a lawyer and expert who formerly served as ombudsman and children’s rights advocate, believes that the authorities should include older adults in their development strategies and measures to revitalize the labor market. In her article, she emphasized that retirees who are willing and able to work represent an important resource that is, however, underutilized.
According to a forecast by Bloomberg Economics, the global economy is set to face a prolonged period of higher interest rates. According to the agency, by the end of 2026, this rate will stand at 5.10%, up from the 4.41% projected in January—that is, before the outbreak of hostilities in Iran.
Igor Grosu, Speaker of Parliament and leader of the “Action and Solidarity” (PAS) party, stated that it will only be possible to discuss the list of ministers for the future government once the candidate for prime minister has been selected. At the same time, Grosu noted that he does not expect any major changes in the composition of the cabinet.
Former Prime Minister Ion Sturza issued a harsh response to businessman Vasile Tofan, who stated that Moldova needs a government led by someone like Javier Milei. Sturza considers attempts to apply a model of radical budget cuts to Moldova’s macroeconomic reality to be “populism.”
U.S. President Donald Trump spoke in Washington on the occasion of the 250th anniversary of the country’s independence, declaring that “the American Dream is back.” In his speech, he spoke about American exceptionalism and U.S. foreign policy successes, and once again criticized his political opponents.
Nearly one in two people in Germany are unsure whether they will be able to continue working until they reach retirement age. This is according to the findings of the “Decent Work Index” study, published by the German Trade Union Confederation (DGB).
Slovakia will not participate in providing financial assistance to Ukraine for the purpose of prolonging the military conflict. The country’s Prime Minister, Robert Fico, made this statement in an address to his fellow citizens on social media ahead of the NATO summit in Ankara.
Vasile Costiu, leader of the “Democrația Acasă” (“Democracy at Home”) party, commented on the possible scenarios for appointing a new prime minister, mentioning the name of businessman Vasile Tofan.
Irina Revin, chair of the Association of Entrepreneurs with Disabilities of the Republic of Moldova, responded to businessman Vasile Tofan, who proposed 12 radical reforms and stated that Moldova needs its own Javier Milei as prime minister. Revin argues that such an approach, based on across-the-board cuts and rapid privatization, risks hurting vulnerable segments of the population and turning the country into a space exclusively for the elite.
Recent developments in Moldova’s domestic political arena can rightly be described as significant, and one such event was the resignation of the country’s Prime Minister, Alexandru Munteanu, which President Maia Sandu accepted a few days ago. As the head of state stated, on July 6 she will hold consultations with parliamentary factions regarding the election of a new head of government.
On U.S. Independence Day, the American leader decided to make a scathing remark directed at his closest allies.
In 2025, Moldova ranked 95th out of 197 countries worldwide in a salary ranking.
Vasile Tofan, senior partner and member of the Horizon Capital Investment Committee, states that Moldova finds itself at a crossroads and that its current resources are virtually exhausted. In his view, the future government needs a “reformer-surgeon”—a leader capable of implementing tough and unpopular economic measures.
The Global Passport Index 2026 has been published, which ranks the strength of citizenship in 200 countries worldwide based not only on travel freedom but also on investment opportunities and quality of life.
