Forecasts: Moldova's economy will face major challenges due to war in Ukraine

Economic growth in the Republic of Moldova, forecast for 2023, is 3.5% . This is minor and can be explained by the crises our country faced last year. These conclusions were reached by experts from ASEM's National Institute for Economic Research and are contained in the new edition of the publication "Trends in the Moldovan Economy".

Energocom has repaid €35 million of the first tranche of the EBRD loan for gas procurement

SA Energocom has returned €35 million of the first tranche of the loan it took from the European Bank for Reconstruction and Development (EBRD) last year, which it was obliged to repay by 1 May. The first tranche of €100 million is expected to be paid in full on 1 July, the company said in a press release.

Government releases wheat from state reserves. Who can buy it and at what price

Food wheat from state reserves in the amount of 21,082.709 tonnes is to be released to beneficiaries chosen on a competitive basis to replenish reserves, the Material Reserves Agency announces.

Expert: Free movement of goods has a beneficial impact on Moldovan producers

The free movement of goods, which is one of the benefits of the EU area, has a beneficial impact on Moldovan producers, economic expert Veaceslav Ionita told Radio Moldova.

Expert: Leu appreciates against major foreign currencies for third consecutive month

The Moldovan leu is appreciating against major foreign currencies for the third consecutive month as the currency market has overcome shocks related to the energy crisis and the war in Ukraine, economic policy expert Veaceaslav Ionita said. The demand for foreign currency from economic agents is decreasing as a result of the cheapening of energy resources, which are imported. On the other hand, the supply of foreign currency from the population is increasing, says the expert.

The Republic of Moldova will be able to import and export more energy from and to the European Union

The European Network of Transmission System Operators for Electricity (ENTSO-E) has increased by 200 MW to 1,050 MW the capacity for electricity trade from Continental Europe to Ukraine and the Republic of Moldova.

ENTSO-E: Electricity trade capacity from Continental Europe to Moldova and Ukraine to increase

Continental European Transmission System Operators have agreed to increase electricity trade capacity from Continental Europe to the Republic of Moldova and Ukraine by 200 MW to 1,050 MW, according to a release from the European Network of Transmission System Operators for Electricity, ENTSO-E.

The Republic of Moldova exported goods worth over $600 million in the first two months of the year: main destinations

In the first two months of this year, the Republic of Moldova exported goods worth $687 million, 3 percent more than in the same period last year, data from the National Bureau of Statistics show. Exports of goods to European Union countries during this period amounted to $429 million, accounting for 62 percent. At the same time, imports increased by 15 percent.

Alexandr Slusari has a new position at Energocom

Former MP of the Platform for Dignity and Truth, Alexandr Slusari, currently executive director of the Farmers' Force Association, has been appointed member of the Energocom Board. The announcement was made by the head of the institution, Victor Bînzari, who noted that he will have full rights to be involved in the strategic development of the company.

Victor Parlicov: We do not rule out a return to the purchase of gas from Gazprom

The Republic of Moldova can buy cheaper gas from the international market, and there is currently no need to buy natural gas from Gazprom for the right bank of the Dniester, Energy Minister Victor Parlicov told TV 8. But he does not rule out the possibility of returning to importing gas from Gazprom.

More opportunities for transit of goods between Moldova and the EU: What the agreement ratified by the Parliament provides for

The agreement between the Republic of Moldova and the European Union (EU) on road freight transport has been ratified. The agreement will help overcome transport bottlenecks faced by Moldovan road haulage operators following the Russian Federation's military aggression in Ukraine, according to Parliament.

Moldovagaz's debt of over one billion lei to Energocom has been repaid

Moldovagaz has paid back in full the loan of 1.05 billion lei taken from Energocom last October, for which all the movable assets that are part of the natural gas transmission network, as well as the entire share of Moldovatransgaz Ltd. were pledged, Energocom announced in a press release.