UTA Gagauzia will have to return taxes and VATs from its own budget

President Maia Sandu promulgated the draft law by which UTA Găgăuzia will have to return taxes and VATs from its own budget, and not from the national one. The decree promulgating the law was published today in the Official Gazette.

Japan will offer a grant worth 1.9 million euros for farmers in the Republic of Moldova

The Government of Japan will offer the Republic of Moldova non-refundable financial support in the amount of 1.9 million euros. The money will be directed to support small and medium-sized farmers, who are affected by the increase in the price of seed material, fertilizers and pesticides. In this regard, the members of the Foreign Policy and European Integration Commission approved the report for initiating negotiations and approving the signing of a Grant Agreement.

The government approved new measures to mitigate the energy crisis

In today's meeting, the government approved new measures to alleviate the energy crisis. Thus, according to a press release from the Executive, the protection of socially vulnerable groups, security and energy efficiency of the country have been increased.

Moldovan leu strengthens against reference currencies, but experts warn of risks

The Moldovan leu strengthened against reference currencies on Monday, with the euro falling by 0.23 lei and the US dollar by 0.04 lei.

Several wine producers from the Republic of Moldova presented their products at an exhibition in South Korea

Five wine producers from the Republic of Moldova participated in "Vinexpo Meetings 2023", which took place last week in Seoul, South Korea. Thus, Moldovan producers had the opportunity to identify new importers and opportunities for business development, informs the Ministry of Agriculture and Food Industry in a press release.

Moldova to cut red tape, boost economy with new business regulations

Moldova's government has announced a new set of regulations aimed at cutting red tape and boosting the economy. The package, which was presented by Deputy Prime Minister and Minister of Economic Development and Digitization Dumitru Alaiba, includes a number of measures, such as:

Moldovan entrepreneurs receive grants to support business development

The Organization for the Development of Entrepreneurship (ODA) has approved 54 grants for Moldovan entrepreneurs to support the development, modernization, digitalization, or greening of their businesses.

Norway will offer a grant of over 34 million euros to the Republic of Moldova

The Government of Norway is willing to grant the Republic of Moldova a grant worth 34 million euros, through the European Bank for Reconstruction and Development (EBRD), to strengthen the energy security of the country.

Aviation crisis in Moldova: Flights down 25%, fares up

The number of direct destinations from Chisinau International Airport has fallen by 25% in the past year, from 50 to 37. Cities such as Budapest, Turin, and Liverpool are no longer available on online flight schedules.

Moldova promotes business opportunities to German investors

Moldova's Prime Minister Dorin Recean has promoted the country's business opportunities to German investors at the Romanian-German Business Forum in Berlin.

Analysis // Every year, about 1.8 billion dollars reach the Republic of Moldova through illicit trade schemes

Annually, approximately 1.8 billion dollars reach the Republic of Moldova through illicit trade schemes, according to an analysis carried out by the economist Veaceslav Ioniță. He also claims that over $500 million is leaving the country through overpriced purchases. In order to develop a sustainable, efficient and transparent system, the relevant authorities have developed a national public procurement program for 2023-2026.

USAID transfers 76.8 million dollars to the Government of the Republic of Moldova

The United States Agency for International Development (USAID) is transferring 76.8 million dollars to the Government of the Republic of Moldova for the reimbursement of record electricity costs in the 2022-2023 cold season, reads a press release from the institution.