News

Data about the Activity of Moldovan Commercial Banks on July 31, 2025Dr. Sándor Csány: Being the 4th largest, OTP in Moldova will grow both organically as well as through possible mergers and acquisitions It seems to be a place, but it is notScott HOCKLANDER: For me, the persistence of Moldovan citizens is not only a learned lesson, but also a great exampleSorin MASLO: "The year 2022 was a turning point for the "Cricova" Wine Combine, the turnover increased by almost 25%"Deposit rates are at their peak. Market conjuncture or Why banks need individuals’ depositsValeriu LAZĂR: "If the state does not support business today, tomorrow it will have no one to collect taxes from.Chisinau Airport as a reflection of statehoodMonetary measures against non-monetary inflationBanks as the fulcrum of the economy: they have increased profits and are preparing for the challenges of the 2H 2022The Ministry of Finance and investors in the State Securities market at the peak of placement volumesThe banking market: turmoil and increased demand. No panicIs Moldova ready for the economic consequences of the war in the neighboring country?Are we heading for hyperinflation? It all depends on the correct diagnosis and the prescribed treatmentWhat is happening in the Government Securities Market and what does the National Bank have to do with it?The wine industry is on the verge of a revolution: Is the industry-specific law bankrupting enterprises? The trap for the oil products marketLászló DIÓSI: Foreign investments come to Moldova due to banking system stabilityWhen there is no program with the IMF, we issue are government securities ...Nikolay BORISSOV: “Acquisition of Moldindconbank is the best procurement in the Moldovan market, albeit the most risky one”Oil Ping Pong GamesBanking 2020 - pandemic, profitableWeird 2020: humility, depression, rebellion, accepting a new realityThe Hunger Games of the foreign exchange marketHow to tame liquidity?Veaceslav IONITA: The government killed the business, but flirted with the populationPeople and Business: Natural and Unnatural SelectionAlexandru BURDEINII: Being ethical becomes vital in business nowadaysMoldova’s Key Macroeconomic IndicatorsPrices at filling stations

Scientists discuss using satellites to 'beam' solar energy collected in space to Earth

Scientists discuss using satellites to 'beam' solar energy collected in space to Earth

Satellites could be operational by 2040, with the technology already being tested on a small scale.
An ambitious project to harness the power of the sun from space to supply power on Earth is being proposed by scientists.
The European Space Agency (ESA) - which includes the UK - is discussing plans to create a solar farm in orbit at a two-day conference in Paris.
The SOLARIS project aims to collect sunlight over a wide area in space, convert it to microwave energy (similar to high frequency radio waves found in a microwave oven), then transmit it down to Earth.
A large number of antennas on Earth would pick up the beams and the energy would be converted to electricity.
The advantages of Space Based Solar Power (SBSP) are huge because the microwaves can penetrate cloud in Earth's atmosphere and sunlight in space is also available constantly - not just during the day - and the light is more intense.
But the UK also has its own separate proposals. Funding worth £6m has been made available to develop SBSP technologies aimed at contributing to the UK's net zero ambition.
According to research commissioned by the government from consultants Frazer-Nash, an "operational system could be developed by 2040" and it could deliver "a substantial percentage of the UK's energy needs by the early 2040s".
But it would also come at a huge cost - as much as £17.3 billion.
Dr Mamatha Maheshwarappa, payload systems lead at the UK Space Agency, told Sky News: "This must be a joint (public and private) venture. Government can fund some of the initial de-risking activities but it would later need to be supported by private investments."
But there are challenges too.
Jean-Dominique Coste from the team at Airbus said: "If satellites were to collect the sunlight, they would need to measure about 2 kilometres across to achieve the same power level as a nuclear power plant."
And the ESA admits large amounts of energy could be lost during the conversion and "beaming" process, although scientists still think it would be economically viable even if only 10% reached Earth.
Meanwhile experts will need to alleviate health concerns from beaming microwaves into the atmosphere - an effect that's not been fully explored - by carrying out tests to ensure there are no risks to plants and animals.

news.sky.com

News on the subject