ECO-BUS WEEKLY DIGEST November 13 - 19. Most important Economy & Business news by IPN

● TUESDAY, November 14

Customers of Premier Energy and FEE Nord to pay less for electricity from today

The consumers powered by Premier Energy from November 14 will pay an electricity charge of 2.39 lei/kWh (without VAT), as against 2.57 lei/kWh until now. The customers of FEE Nord will pay 2.88 lei/kWh (without VAT), as opposed to 3.20 lei/kWh until now. The new charges were published in the Official Gazette.

Inflation in October was within variation interval targeted by NBM, reaching 6.3%

Inflation in October continued to decline under the influence of a number of factors, including as a result of the previous monetary policy decisions, modest internal demand, appreciation of the exchange rate, diminution of electricity and natural gas charges. In October, the inflation entered the variation interval targeted by the National Bank of Moldova, reaching 6.3%, says inflation report No. 4 that was presented by the governor of the central bank Octavian Armașu.

Reinvigoration is witnessed in consumer and mortgage loans

Reinvigoration was seen on the lending market in the third quarter of this year. If the trend continues, this will give a particular boost to the national economy, said the governor of the National Bank of Moldova Octavian Armașu, who on Tuesday presented inflation report No. 4.

Grape harvest expected to be by 15% lower

The grape harvest this year is projected to be by 15% lower. At the beginning of spring, the harvest was estimated at approximately 260,000 tonnes of technical grapes. But owing to the severe drought witnessed in August and the lack of precipitation, the forecasts were reduced to about 230,000 tonnes, secretary of state of the Ministry of Agriculture and Food Industry Andrian Digolean stated in a program on Radio Moldova station.

Natalia Bejan named director of Investment Agency

The Investment Agency has a new director. This is Natalia Bejan, who until recently held the post of executive director of Startup Moldova, Deputy Prime Minister Dumitru Alaiba, Minister of Economic Development and Digitization, posted on Facebook.


Romania will help to deliver gas to Moldova if it is requested, Romanian minister

Romania can pass the winter season only with Romanian gas, with what it stored and with what is produced, said Minister of Energy Sebastian Burduja. According to the Romanian official, in the case of special requests from Moldova or other states of the region, Romania can activate the option agreed with Azerbaijan or the option of importing liquefied petroleum gas by two routes.

Government to propose once again its Moldovagaz debt solution

Minister of Energy Victor Parlicov says the audit of the debt claimed by Gazprom from Moldovagaz remains in force, and the Government will rely on its findings in the future discussions with the Russian company. The reaction comes after the Moldovagaz board rejected the audit.

● WEDNESDAY, November 15

Andrei Spînu: Famous French company comes to Chisinau to see Airport


During half a year, the government is to take a decision concerning the Chisinau International Airport, said Minister of Infrastructure and Regional Development Andrei Spînu. According to him, the Airport necessitates investments of billions of lei, but the state cannot cover such costs. Therefore, the authorities are looking for massive investments and for a strategic partner. Representatives of a renowned French company with experience in airport management will come to Chisinau next week to see the Airport.

GDP in first half of this year 2.3% down on 2022


The decline in national economic activity in the second quarter of this year was slightly tempered compared to that at the beginning of the year. The Gross Domestic Product (GDP) decreased by 2.2% compared with the corresponding period last year after an annual rate of 2.4% recorded in the first half of the year, shows inflation report No. 4 presented by the National Bank of Moldova.

50,000 vulnerable families will receive vouchers to replace old household appliances

More than 50,000 vulnerable families in Moldova will get vouchers to replace old household appliances. The Ministry of Energy on Wednesday launched the first stage of the program “Wreck for Electrical Appliances”, with the session for LED lamps. The vouchers will be given to consumers registered in the energy vulnerability information system on compensatii.gov.md last year, who were put in the very high energy vulnerability category. In the selection process, priority is given to families with at least one child, the number of children in the family being a prioritization criterion. Power consumption is also analyzed.

Over 120 enterprises benefitted from preferential loans within “373” program

More than 120 small and medium-sized enterprises benefitted from preferential loans in the framework of the government program “373”, the Cabinet’s spokesman Daniel Vodă told a news conference.

● THURSDAY, November 16

Wizz Air returns to Moldova

The Hungarian airline Wizz Air returns to Moldova in December and will operate such flights as Chisinau - Rome, Chisinau - Milan, and Chisinau-London.

Prime Minister Dorin Recean said the return of Wizz Air to Moldova is the result of the constant efforts made by the Moldovan authorities to ensure new international connections for the Moldovan citizens and to stimulate economic development.

● FRIDAY, November 17

Maia Sandu at Moldovan-Austrian forum: Invest in a country that tends to become part of EU

Moldova continues to work on its economic stability and improve its infrastructure and to do reforms to improve the investment climate. The Republic of Moldova – Republic of Austria business forum comes to strengthen the ties between the two states, President Maia Sandu stated in the event. The official called on the Austrian investors to invest in Moldova.

Payment of agricultural subsidies starts Nov. 20

Subsidies to farmers from the 200 million lei allocated for the purpose will start to be transferred on Monday, November 20. About 2,400 small and mediums-sized farmers who cultivated areas of at most 1,500 ha will benefit from subsidies, Deputy Prime Minister Vladimir Bolea, Minister of Agriculture and Food Industry, has said.

Women in Moldova earn by 14% on average less than men, conference

The women in Moldova earn by 14% on average less than the men. At retirement age, this difference widens to 37%. Even if the women have a higher level of education than the men, only 47% of all the women are employed. The women from rural areas have much fewer employment opportunities and are greater exposed to social norms about gender roles, being engaged to a greater extent in unpaid activities, Carolina Bugaian, a founding member of the Association of Women Entrepreneurs of Moldova (AFAM), stated in an annual conference of women entrepreneurs.

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