The MPs have approved of the amendments to the law on Road Fund and the law on local public finance in line with which the money for maintenance of local roads is to be diverted to local budgets by clear and transparent criteria. 50% of the incomes generated by the road toll is to be…
Cabinet approves of the concession of the right to prospect oil and gas deposits in the south of Moldova to Frontera Resources International, the USA. The Cabinet took this decision at the request of the Ministry of Environment of Moldova taking into account that the company had won the international tender for geological prospecting of…
Excise taxes on oil products in Moldova will increase more than expected in the next three years. This is stipulated by the fiscal policy for 2017 passed by the Parliament of Moldova in the final reading. In particular, in 2017 the excise rate was going to grow from MDL 4,137 to MDL 4,503 per ton…
EIB and EBRD will provide Moldova with a EUR 82 million loan for the construction of the 120-km-long Ungheni-Chisinau gas pipe. This is stipulated by the financing contract Moldova and the European Investment Bank have signed. According to the press service of EIB, EIB and EBRD have assigned EUR 41 million each for the project.…
At the meeting with Turkey’s Prime Minister Binali Yildirim, Vice-Premier, Minister of Economy of Moldova Octavian Calmic said the authorities sought to open an economic representative office under the Embassy of Moldova in Turkey for implementing joint projects with the country. Besides, the expansion of the trade and economic ties between the two countries is…
The weather was colder-than-usual and featured precipitation. Diverse temperatures and precipitation shortages were reported in the country. The average weekly air temperature was +0.1 to +2.5 degrees C, mostly 1-2.4 C above normal. Air temperatures peaked at +14 C – this occurs on average once per seven years at the time – and bottomed out…
The leader in the sphere of trading in agricultural products and sunflower oil production in the Republic of Moldova – the company Trans-Oil Group – invested $6 million in increasing capacities of the grain terminal in the Giurgiulesti International Free Port, the press-service of the company declared. According to the announcement, the funds from the…