News about World markets
Capital mobilization is the only lever that can boost productivity, increase revenues, strengthen Europe’s strategic autonomy and increase its resilience.
In the last quarter of last year, Moldova surpassed Ukraine and Uzbekistan in the list of the largest suppliers of apple concentrate to Poland, one of the largest apple producers in Europe.
In the Arab Emirates there is an increase in the cancelation of short-term housing reservations in the wake of the military conflict between the U.S., Israel and Iran, according to Logos Press.
The world grain market has come out of the multi-month trend of wheat prices decrease. Consequently, farmers of the Black Sea countries, including Moldova, will face the question – to sell or not to sell wheat at current prices, or to “take a pause” in the hope for a significant jump in prices in the foreseeable future?
In 2000, Robert Mugabe, the former dictator of Zimbabwe, won the top prize in the country’s national lottery. He won for a simple reason: because he could. Once you have destroyed the institutions that limit your power (during Mugabe’s 37 years in power, he did), you can rule for personal enrichment, personal greatness, or just for personal entertainment. What better way to show unlimited power than by demonstratively turning the existing system of rules into a farce? The damage such actions can do to norms and institutions is part of the intent.
As a result of leaving the CIS, Moldova’s state budget will save about 3.1 million lei in annual contributions. Moldova will pay almost the same amount this year to the Convention on the Danube Navigation Regime (Danube Commission).
The director of the Romanian company Transgaz, Ion Sterian, has assured that Romania currently has no problems with natural gas supplies despite the escalation of the war in the Middle East. The head of Transgaz said that consumption is covered by domestic production and storage facilities, while gas transit to Ukraine and Moldova continues as usual.
Bitcoin’s rebound to the $70,000 mark (it was trading at $68,000 at midday in Hong Kong) appeared to be driven more by repositioning than conviction, according to market maker Enflux, which said the move mainly reflected the closing of short positions after traders set themselves up for a bear market amid geopolitical news.
On the initiative of the National Crisis Management Center and in accordance with the appeal of the Ministry of Energy and the National Energy Regulatory Agency, the government imposed a 60-day high alert regime in the energy sector.
Fuel prices are rising in Moldova. But this has nothing to do with the events in the Middle East.
The heads of parliaments of the states of the “Odessa Triangle”, which includes Moldova, Romania and Ukraine, advocated further strengthening of sanctions pressure on Russia, in particular with regard to its “shadow fleet”.
Official Beijing has moved into a phase of active diplomatic pressure, demanding that the parties to the Middle East conflict immediately ensure the safety of navigation in the Strait of Hormuz.
The European Union is canceling duty-free imports of goods worth up to 150 euros, which will directly affect parcels from Asian marketplaces including AliExpress, Temu and Shein, according to Logos Press.
Global brands are urgently reducing their presence in the Middle East amid a sharp escalation of the conflict between Iran, Israel and the US. Major retailers and luxury houses are temporarily closing stores or transferring them to a limited mode of operation in the Gulf countries in an effort to minimize risks for employees and business.
Turkey has been making intensive efforts through its peace-oriented diplomacy “to achieve just and equitable solutions to problems through dialogue and negotiations” against the backdrop of the war in Iran.
There is a poorly concealed irritation in the Trump administration amid depleting air defense missiles and negative public sentiment about war with Iran.
Rapidly growing in recent years, real estate markets in the Middle East have come under pressure from the military conflict. Although the destruction in the Gulf countries is minimal, the “echo of war” is already affecting the business activity of investors, according to Logos Press.
E-commerce giant Amazon has closed its fulfillment center in Abu Dhabi, suspended deliveries across the region and instructed its employees in Saudi Arabia and Jordan to stay home.
European financial markets are under strain as the U.S. and Israeli war against Iran renews fears that an energy shock could exacerbate inflation. The region is almost entirely dependent on oil and gas imports. The price of Brent crude has risen nearly 10% since Friday, while natural gas prices in Europe have jumped 50%.
Moldova has initiated procedures to establish diplomatic relations with Nauru, one of the smallest states in the world, smaller than only the Vatican and Monaco.
