Morning review by the InfoMarket Economic News Agency based on the previous working day: key news, important economic indicators and upcoming events. Available by subscription: plus@infomarket.md // +373 79 119 100 // Every day at 7 a.m. — in your inbox.
Macroeconomics
• The NBM's foreign exchange reserves increased by 216.33 million euros, or 4.2%, in August, reaching 5.41 billion euros. The main growth factor was 218 million euros in budgetary support from the International Bank for Reconstruction and Development; 20.86 million euros was used to service the external public debt.
Energy and Resources
• The European TTF gas price rose to 75.18 euros/MWh on September 8, compared with 69.81 euros/MWh on August 31 and 73.31 euros/MWh on September 7; EU storage facilities are about 67% full, compared with an average of around 83%. Energocom points to a persistent geopolitical risk premium and limited inventories ahead of the heating season.
• Moldova's diesel fuel reserves are estimated at about 10 days of consumption and gasoline reserves at 18 days; more than 8.4 thousand metric tons of diesel and 2.9 thousand metric tons of gasoline were imported on September 4–7. The European price of diesel fuel exceeds 1,400 euros per metric ton.
Government Regulation
• The government approved the tax and budget policy for 2027, which is expected to generate an additional 5.1 billion lei for the budget: 1.6 billion lei from VAT, 2.7 billion lei from excise taxes and 820 million lei from taxes on vices. The personal income tax exemption is proposed to increase from 29,700 to 40,020 lei, the dividend tax from 6% to 8%, while the 0% rate on undistributed profits will be extended through 2029 with the eligibility threshold raised from 100 million to 200 million lei.
• For HoReCa, the VAT rate is proposed to increase from 8% to 12% starting in 2027; for remotely imported packages worth up to 150 euros, a special VAT regime is planned from October 1, 2026, and a 12-lei fee for each delivered package from January 1, 2027.
• From April 1, 2027, the 8% VAT rate on gas for household consumers will apply only to the first 150 cubic meters per month per consumption point, while the VAT exemption for electricity will apply to the first 100 kWh; consumption above these limits will be taxed at the standard 20% rate. Excise taxes on diesel fuel are proposed to increase annually by 20% in 2027–2029, and on gasoline by 10%.
Agriculture
• From September 8 through October 31, a temporary licensing regime applies to imports of wheat, corn and sunflower seeds. Free licenses are issued by the Ministry of Agriculture to certain processors and livestock farms; goods imported under a license may not be resold or exported.
Investments and Projects
• Chișinău Airport will re-evaluate the winning bidder's proposal for the reconstruction and expansion of the terminal after the National Dispute Resolution Authority ordered the July 31 contract award to be annulled. The airport must recheck the bank guarantee and the bidder's liquidity indicators, taking into account the declared partnership; the procurement procedure itself has not been canceled.
International Relations
• Slovakia's current project portfolio in Moldova amounts to about 10 million euros; the two governments intend to expand trade and economic cooperation and attract investment. In the first half of 2026, Moldova's exports to Slovakia fell by 24% to 8.1 million euros, imports rose by 14.9% to 31.6 million euros, and the trade deficit increased by 39.7% to 23.5 million euros.
• A French business mission will take place in Chișinău on November 2; 213 companies with French capital currently operate in Moldova. In the first half of the year, exports to France increased by 9.2% to 20.07 million euros, while imports decreased by 1.8% to 106.97 million euros.
Social Economy
• Since September 1, academic scholarships for undergraduate students have increased by at least 40%: the Category I scholarship rose from 1,360 to 1,905 lei. For students in healthcare fields, payments increased by about 2.8 times, to 4,565 lei for Category I.
Day in Figures
5.41 billion euros — NBM foreign exchange reserves at the end of August. | 218 million euros — budgetary support from the International Bank for Reconstruction and Development. |
5.1 billion lei — expected additional budget revenues from the 2027 tax policy. | 2.7 billion lei — additional revenues from higher excise taxes. |
75.18 euros/MWh — TTF gas price on September 8. | 150 cubic meters — monthly gas limit per consumption point for the reduced VAT rate from April 2027. |
12 lei — fee for each delivered imported package from January 1, 2027. | 23.5 million euros — Moldova's trade deficit with Slovakia in the first half of 2026. |
AGENDA
• On September 9 at 10:00 a.m., the government will hold a meeting. The agenda includes the reorganization of the State Enterprise "Moldovan Railways," simplification of permitting procedures for renewable energy production and development of the biofuel market, as well as the plan for preparing for the 2026–2027 heating season.
• On September 9, Foreign Minister Mihai Popșoi will pay an official visit to Bulgaria; the agenda includes bilateral cooperation and support for Moldova's European course.
• Until September 21, the Ministry of Energy is accepting proposals on the draft three-year program for renovating state-owned buildings; the target for 2027–2029 is the annual renovation of 3% of the total floor area of central government buildings with usable floor area exceeding 250 square meters.