Natural gas from the Black Sea for the Republic of Moldova. Energocom signed a contract with OMV Petrom

The Republic of Moldova has secured a natural gas supply from Romania. The state-owned company Energocom has signed its first long-term purchase contract with OMV Petrom, a significant player in the regional energy market. This agreement, which lasts for three years, outlines the purchase of natural gas extracted from the Neptun Deep project. This project is the largest natural gas exploitation initiative in the Black Sea and is situated in Romania's offshore sector.

Moldova's external debt rises over $10 billion, experts weigh in

In the past two years, Moldova's external public debt has increased by over one billion dollars, bringing the total to more than 10 billion, according to data from the National Bank.

Trump's tariffs take effect. Moldovan producers seek government support: "It's a major setback"

The latest round of tariffs imposed by the United States took effect today, April 9, escalating the trade war and causing a decline in market stability. Both the European Union and China are preparing to respond; China is particularly affected, with tariffs on its exports reaching as high as 104%. The Republic of Moldova is also impacted, facing a 31% tariff on its products, which directly affects local exporters. Mircea Manole, the executive director of the Association of Food Processors, informs that local producers are actively seeking alternatives in the EU market. However, to remain competitive, they urgently require support from the Government.

Moldova passes emergency budget amendment for 2025

On Monday, April 7, Parliament urgently approved the bill amending the state budget for 2025.

Moldova boosts energy security with renewables

Minister of Energy, Dorin Junghietu, states that market developments do not indicate a need to adjust electricity and natural gas tariffs.

Moldovan family bakery turns tradition into success

In the heart of Sîngerei district, a family-owned bakery has successfully transformed tradition into success over the years.

Electricity compensation for Moldovan businesses explained

Electricity compensation for businesses has already been transferred to their bank accounts. This includes a textile company that received 43,000 lei (2,200 euro) for the month of January.

Moldovan producers will export duty-free to EFTA countries starting April

Producers from the Republic of Moldova will export to Switzerland, Norway, Iceland, and Liechtenstein either duty-free or with significantly reduced tariffs. This will be possible starting April 1, when the Agreement between the Republic of Moldova and the member states of the European Free Trade Association (EFTA) comes into effect. Authorities emphasize that implementing this agreement is a key step in diversifying export markets and building a strong, European-integrated economy.

Expert: The Republic of Moldova must showcase its competitive advantages at Davos to attract investment

The World Economic Forum in Davos focuses on several key topics, including artificial intelligence, green technologies, and economic development. Mihaela Sirițanu, a political economy expert, emphasized in an interview with Moldova 1 that the Republic of Moldova should leverage its competitive advantages in these three crucial areas.

Energy security boost with Vulcănești-Chișinău power line

The deadline for completing and commissioning the Vulcănești-Chișinău high-voltage power line is December of this year, while the Chișinău Electric Station is expected to be finished by August.

Oleg Tofilat: Unprofessional management of the economic situation could affect the country's development vector

From economic viewpoint, we will go through a difficult period, which requires professional management and effective communication from the Government, warns economic expert Oleg Tofilat. "It is a difficult situation, which must be managed professionally and must not become fatal for the country's economy and development vector," he said in the ÎN CONTEXT program on Moldova 1 TV.

Ministry of Energy: Smart meters will be operational in five months

Electricity market operators will be ready to implement differentiated tariffs, including hourly tariffs, in about five months. This was mentioned during a meeting of the working group at the Ministry of Energy, attended by representatives of ANRE, FEE-Nord, RED-Nord, PED and PE supply, as well as experts in the field.