● MONDAY, July 15
More income tax receipts from leasing out of real estate
Income tax receipts collected from individuals who lease out real estate in the first six months of the year amounted to 34.5 million lei. The figure is by 32.5% higher compared to the corresponding period of 2023.
Moldova to raise loan to improve hydrometeorological services
The Republic of Moldova will take out a loan from the World Bank to improve hydrometeorological services and to strengthen institutions in order to respond to emergency situations. The amount of the loan is US$40 million.
● TUESDAY, July 16
Alexandr Slusari recommends declaring state of emergency in agriculture to save farmers from bankruptcy
Ex-MP and former executive director of the Farmers’ Force Association, Alexandr Slusari, draws attention to the devastating impact of drought on agriculture in Moldova, which has persisted for three consecutive years. He said it is imperative to declare a state of emergency in the agricultural sector - a measure that would stabilize the situation and prevent the bankruptcy of farmers.
22.627,2bn lei revenues accumulated in state social insurance budget in six months
The revenues accumulated in the state social insurance budget in the first six months of this year totaled 22.627,2 billion lei or 52.9% of the approved annual plan. The mandatory state social insurance contributions amounted to 12.010,8 billion lei, representing 50.6 percent of the annual projections or by 16.7% more compared to the corresponding period last year.
MP Radu Marian about how foreign funding was used
The Republic of Moldova in state management used foreign funds in the amount of US$2.98 billion in 2021-2023, which represents 53.7 billion lei at the current exchange rate. The amount represents 18% of the budget expenditure in the same period, according to an article signed by MP Radu Marian. The grants, i.e. nonreimbursable financing, came to 11.4 billion lei.
Saving and investment possibilities on Moldova’s financial market
Keeping money “under the mattress” is not a good solution as it does not bring any gain and can even generate losses due to inflation. In addition, there is a risk of damage or theft of money. The National Bank of Moldova, in partnership with the Independent Think Tank “Expert-Grup”, presents the saving and investment possibilities available on the financial market of the Republic of Moldova. The information is provided as part of a set of informative materials on various financial topics, intended for consumers of all ages.
Moldelectrica announces limitation of power transfer capacity
The state-run Moldelectrica announces the limitation of the electricity transfer capacity of the national grid. During July 12-21, the capacity for Moldova/Ukraine commercial exchanges will be limited to values of 0 MW in both directions.
● WEDNESDAY, July 17
2024/07/17/06:30/ Petru Rotaru: Fujikura and Coroplast were not among major contributors to state budget
The financial impact of the departure of Fujikura and Coroplast from the Republic of Moldova is not great as the two investors were not among the major taxpayers to the state budget. Minister of Finance Petru Rotaru said that the state budget did not suffer significantly due to the departure of the two investors. Moreover, Petru Rotaru said that the people who worked for the two companies were quickly employed by other companies in the area, which are facing an acute labor shortage.
Conditions for buying homes through “First Home Plus” program simplified
The state program “First Home Plus” will also be accessible to people who do not have the status of employee in the Republic of Moldova. Also, the maximum value of homes that can be purchased was increased. The Cabinet on Wednesday approved legislative amendments that will ensure the implementation of the “First Home Plus” program.
Moldovans left over €340m on foreign e-commerce platforms in 2023
Sales of commercial products and services through e-commerce last year increased by 15.2% compared to the previous year, reaching an estimated €358.6 million in 2023. The sales of goods represent 63.9% of the total value of the e-commerce market. There is an increased interest in purchases from foreign e-commerce platforms, with Moldovans spending €344.1 million in 2023 on various goods and services, shows a report on the e-commerce market in the Republic of Moldova compiled by the American Chamber of Commerce in Moldova (AmCham Moldova).
219 households improve energy efficiency with financial support of EU
Energy-vulnerable households, including foster care homes, benefited from measures to improve the energy efficiency of buildings within the “Green Home” pilot initiative, carried out with the financial support of the European Union (EU) and implemented by the United Nations Development Program (UNDP).
Moldova will borrow €50m for energy rehabilitation of public institutions
Over €50 million euros will be invested in energy efficiency projects covering about 50 schools across the country and the improvement of the heat supply system of public buildings. This is stipulated in the loan agreement between the Republic of Moldova and the International Bank for Reconstruction and Development for the implementation of the project “Sustainable Transition Through Energy Efficiency in Moldova (STEEM)”. The signing of the document by Minister of Energy Victor Parlicov was approved by the Cabinet on Wednesday.
Moldova exported 133,000 tonnes of apples from 2023-2024 crop
Moldova exported 133,000 tonnes of apples from the 2023-2024 crop to more than 30 countries of the world, compared to 124,000 tonnes in the 2022-2023 season, the association Moldovafruct reported.
European Commission grant for road infrastructure rehabilitation
Moldova will receive a grant from the EU to rehabilitate the access road to the border crossing Galați-Giurgiulești-Reni and build a beltway around Giurgiulești village, with a parking lot for trucks. The European Commission has selected 134 transport infrastructure projects, including from Moldova, to offer grants worth over 7 billion euros under the Connecting Europe Facility (CEF).
● THURSDAY, July 18
Premier discusses solutions to agriculture problems with farmers from southern Moldova
The Government knows the problems experienced by grain producers and is looking for resources to support the farmers, said Prime Minister Dorin Recean. He noted that a rich harvest can be obtained only by implementing scientific and technological innovations.
● FRIDAY, July 19
Corn affected by drought in proportion of 70%-100%, sunflower – 60%-80% in southern districts
The corn was affected by drought in a proportion of 70-100%, while sunflower – in a proportion of 60-80%, ascertained scientific researchers of the National Center for Research and Production of Seed Material and the Institute of Pedology, Agrochemistry and Soil Protection “Nicolae Dimo”, who visited eight fields with these crops in Taraclia, Cahul and Cantemir.
Farmers’ Force calls on all state institutions to declare state of emergency in agriculture
The Farmers’ Force Association calls on all the state institutions to facilitate the urgent convening of the National Commission for Emergency Situations to declare a state of emergency in agriculture nationwide as soon as possible.
Almost 15m lei calculated to taxi operators in additional taxes and penalties
Over 100 taxpayers operating in the field of passenger transport by taxi were checked by the State Tax Service in the first six months of this year. As a result, taxes and duties totaling 14.6 million lei, late payment increases of 8.8 million lei and tax penalties of 5.4 million lei were additionally calculated to be paid into the national public budget.
What to pay attention to when applying for a loan
The loan is a useful financing tool when the person does not have enough money to purchase possessions or the necessary services he needs. For a loan taken out with the intention of making life easier not to turn into a generator of problems, it is recommended to choose the most advantageous loan. The National Bank of Moldova, in partnership with the Independent Think Tank “Expert-Grup”, presented the conditions to be taken into account when raising loans. This information is provided as part of a set of informative materials on various topics in the financial sector, intended for consumers of all ages.
For 19 of 51 LAGs, no sources of funding have been yet identified
For 19 of the 51 Local Action Groups (LAGs), no sources of funding have yet been found. The topic was discussed at the first meeting of the LEADER Monitoring Committee. “We turned to the donors because we want to support all the initiatives of this kind so as not to discourage rural development on various components,” said the expert of the Congress of Local Authorities of Moldova (CALM) Viorel Rusu.
● SATURDAY, July 20
Victor Parlicov: Bills can be reduced only by rationalizing energy consumption
Only by rationalizing energy consumption is it possible to reduce bills, and the European Union is very open to investments in energy efficiency projects in the Republic of Moldova, Minister of Energy Victor Parlicov stated at a press club meeting centering on the Financing Program of the Moldovan Residential Energy Efficiency Fund.
