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Macroeconomics

• Parliament approved in the first reading the 2026 state budget adjustment: revenues will increase by 600.50 million lei to 80.27 billion, expenditures by 2.77 billion to 103.35 billion lei, and the deficit by 2.17 billion to 23.07 billion lei, or 5.95% of GDP.

• The Ministry of Economic Development lowered its 2026 GDP growth forecast from 2.4% to 1.8%, while nominal GDP is expected at 388 billion lei. The average annual inflation forecast was raised from 4.3% to 7.3%, year-end inflation from 4.6% to 8.2%, while fixed-capital investment growth was cut from 20.8% to 5.5%.

Energy and Resources

• Commercial commissioning of the 400-kV Vulcănești-Chișinău power line has been postponed until October because of a transformer fault at the Chișinău substation. The roughly 157-km line, with capacity of up to 630 MVA, will be able to cover more than 50% of the country's peak electricity consumption.

External Economy and Trade

• Construction of the private JT petroleum terminal at the Port of Constanța, an investment of about 30 million euros, has been completed. With annual throughput of up to 1 million metric tons, the infrastructure is also intended for logistics flows to Moldova and expands regional supply routes via the Black Sea.

Government Regulation

• Parliament adopted in the second reading temporary licensing of grain and oilseed imports until October 31, 2026, with no possibility of extension: licenses will be free of charge, and imported goods may not be sold or re-exported; the mechanism is intended to balance the interests of producers and processors.

• Tractors, trailers and other agricultural machinery will be allowed onto the market only after type approval and receipt of a certificate of conformity; the bill passed Parliament in the first reading. About 3.46 million lei is planned for the approval and market-surveillance system, while 47% of imported machinery comes from China, 29% from Japan and 13% from the EU.

Banks and Finance

• The BNM's official reserve assets totaled 5.41 billion euros as of August 28, up 24.58 million euros (+0.5%) over the week and 309.81 million euros (+6.07%) since the beginning of the year. The all-time high was recorded on August 14 at 5.42 billion euros.

Agriculture

• After three years of decline from about 1.94 billion to 1.39 billion euros, agri-food exports resumed growth and reached 1.79 billion euros, led mainly by oilseeds, grains and vegetable oil. Raw materials now account for about 69% of exports and finished products for 31%, while the trade deficit in processed food products stood at 160 million euros in Q2 2026.

Business and Companies

• The competition for Moldtelecom CEO was terminated early after both admitted candidates withdrew their applications; the Public Property Agency will separately announce any decision on a new selection. In 2025, the company posted net profit of 137.53 million lei (-14% y/y), while sales revenue rose 1.3% to 1.68 billion lei.

Social Economy

• In Q2, the labor force increased 2.5% from Q1 to 926.9 thousand people, employment rose 5.9% to 859.3 thousand, while unemployment fell from 10.4% to 7.3%. The number of unemployed declined from 93.6 thousand to 67.6 thousand people.

• At the end of Q2, there were 31.9 thousand job vacancies, 2.4% fewer than a year earlier; 41.6% of vacancies were in the public sector. The budget amendments also provide 560 million lei for one-off payments to public-sector employees and 550 million lei for cash energy compensation.

The Day in Figures

23.07 billion lei
2026 state budget deficit.

1.8%
Moldova GDP growth forecast for 2026.

5.41 billion euros
BNM official reserve assets as of August 28.

30 million euros
investment in the JT petroleum terminal at the Port of Constanța.

1.79 billion euros
agri-food export volume.

859.3 thousand people
employed population in Q2 2026.

7.3%
unemployment rate in Q2 2026.

31.9 thousand
job vacancies at the end of Q2.

AGENDA

• On September 7, the BNM will publish its monthly press release on changes in official reserve assets.

• On September 7, the current subscription round for government securities for individuals through the eVMS.md platform, opened on August 24, will close.

• On September 8-10, a Moldovan-Austrian economic mission will take place in Vienna, with B2B meetings and participation by companies from energy, infrastructure, construction, ICT, real estate, automotive and agri-food sectors.

• On September 10 at 10:00, the NBS will publish the Consumer Price Index for August 2026.