On January 10, Prime Minister Natalia Gavrilita met members of the Foreign Investors Association (FIA). The parties discussed possibilities of improving the business environment, developing businesses and increasing the number of jobs. “The Cabinet launched multiple instruments of backing the private sector, in order to overcome the impact of the crises; yet, our effort to…
The Executive Board of the International Monetary Fund (IMF) concluded the second review under the 40-month Extended Credit Facility (ECF) and Extended Fund Facility (EFF) Arrangements for the Republic of Moldova. This allows for the immediate disbursement of SDR 20.65 million (about $27 million), usable for budget support, bringing Moldova’s total disbursements under the blended…
Last year, revenues of 91.5 billion lei (4.5 billion euros) were accumulated at the national public budget, up by 14.1 billion lei YoY. Expenses increased by 17.7 billion lei and amounted to 99.7 billion lei. The budget execution ended with a deficit of 8.2 billion lei, and the balances of the monetary means in the…
Perspectives of boosting the cooperation between Moldova and the Federal Land Hessen have been considered at a meeting between Prime Minister Natalia Gavrilita and PM of Hessen Boris Rhein in Germany. The officials referred to the importance of developing the bilateral relations in more sectors, in which the parties’ interests coincide. The two officials stressed…
Moldova received a direct budgetary support worth $30 million from the United States through the U.S. Agency for International Development (USAID) in the last days of 2022. According to the presidential press service, the funds will be used for overcoming the energy crisis, including for compensating the invoices for the Moldovan citizens and helping economic…
The Regional Development Agency (ADR) Nord turned to good account in the past year about 165 million lei (8.25 million euros) for the implementation of 15 infrastructure projects and five soft projects in the North Development Region. According to ADR Nord, of the total amount of investments registered last year, about 94 million lei were…
The enterprises, which reduce their working schedule as a result of the crisis triggered by the war in Ukraine or other emergency situations, can benefit from support on behalf of the government. This support was established for the first time ever in November 2021. Thus, 50% of the salary of the employees involved in the…