News about Macroeconomics

The silver market remains under intense pressure after January’s record rally, with major banks warning: the upside potential is all but exhausted.

European Central Bank President Christine Lagarde said the independence of the U.S. Federal Reserve remains in jeopardy and requires support from voters and lawmakers.

On 28 May, the Ukrainian parliament ratified a 90bn-euro loan agreement to support Ukraine with the European Union. A total of 298 MPs voted in favor of the document.

Gold prices fell in Asian trading after a series of U.S. strikes on Iran supported oil prices and the dollar.

The government approved the signing of a 218-million-euro loan agreement between Moldova and the International Bank for Reconstruction and Development (IBRD) for the implementation of a program of operations on sustainable growth policies.

Resort real estate in Greece continues to rise in price, while the dynamics of prices remain heterogeneous depending on the segment and type of housing.

The total volume of foreign direct investments in Moldova at the end of 2025 reached 5.4 billion euros, increasing by 2.6% compared to 2024.

If by the end of 2025 the share of oil revenues in the state budget of Azerbaijan amounted to 48%, by 2030 this dependence will be reduced to 30%.

Small discrepancies with the plan – excess in revenues and shortfall in expenditures – led to a 13.7% reduction in the planned state budget deficit. The report on its implementation in 2025 was approved at today’s cabinet meeting.

An ad seeking shepherds in remote areas in northern China has suddenly gone viral on social media, garnering tens of millions of views and sparking a debate about the state of the country’s labor market.

Eurozone sovereign issuers have raised $4.6 billion of non-euro denominated debt since the beginning of 2026. Most of the borrowings are in US dollars and Swiss francs, but there are also subscriptions in Australian dollars and Chinese yuan.

Against the backdrop of growth in the main stock exchange indices of major stock markets, bitcoin’s dynamics are lagging far behind. Experts attributed this to record capital outflows from exchange-traded funds and a shift in investors’ interest in the AI sector

It refers to the 2013 intergovernmental agreement under which Russia indefinitely canceled export duties on supplies of natural gas, oil products and rough diamonds to Armenia. The letter says that Moscow may suspend the document or denounce it unilaterally if Yerevan continues its course of integration with the EU.

International rating agency Fitch Ratings forecasts Moldova’s GDP growth in 2026-2027 at an average of 3%, given improving external reserve buffers and the authorities’ macroeconomic policies, which mitigate the risks of energy shocks, the agency said in a commentary published on Tuesday after Chisinau agreed a non-financial cooperation program with the IMF.

Exports are still one of the most visible indicators of the economic clout of nations on the world stage. Meanwhile, the top 30 food exporters alone account for more than 80 percent of the global agricultural export market, worth about $1.5 trillion.

Switzerland has been recognized as the best country to move to in 2026. This follows from the annual Remitly Immigration Index study, which covered 82 states and assessed the quality of life on 34 indicators.

According to World Bank forecasts, Moldova’s public debt, including both external and internal government debt, may increase to about 44% of GDP by 2028. Currently, the share of government debt is kept at a safe level and does not exceed 40% of GDP, but the country’s total external debt (public and private sector) reaches $11.6 billion, which is more than 58% of GDP.

Uzbekistan, one of the world’s largest gold producers, resumed full-scale gold exports in April after a six-month hiatus.

China is cutting the interest rate on consumer loans to a record low to stimulate the economy. The reduction in borrowing costs comes amid signs that the Chinese economy is slowing after a strong first quarter. Growth slowed across the board in April and the People’s Bank of China (MLF) went for a further cut in May. In May, some banks borrowed under the People’s Bank’s annual medium-term lending facility at a rate of just 1.45%, down 0.05 percentage points from April.

According to the operational data of the State Tax Service (STS), the state budget revenues administered by the agency, from May 18 to May 22, 2026, amounted to about 1.8 billion lei