InfoMarket Morning Brief | 10.08.2026

Morning review by the InfoMarket Business News Agency based on the previous business day: key news, important economic indicators and upcoming announcements. Available by subscription: plus@infomarket.md // +373 79 119 100 // Daily at 7 a.m. - in your inbox.

Macroeconomics

• Moldova's domestic public debt rose in July by 425.87 million lei (+0.70%) to 57.77 billion lei; since the beginning of the year it increased by 5.78 billion lei (+11.10%). The weighted-average rate on government securities sold at auction in January-July reached 9.51% per annum.

• The NBM distributed 1.82 billion lei of its 2025 profit: 910.41 million lei was transferred to the state budget, and the same amount was allocated to increase the central bank's capital.

Energy and Resources

• The 330-kV Beltsy-Dnestrovsk power line was seriously damaged by a natural disaster: preliminary estimates show about 10 high-voltage towers damaged or toppled. Restoration using only Moldelectrica's staff would take more than 7 days, so additional contractors are being considered.

• Energocom purchased 13,561 MWh of electricity for August 7: 69.21% under bilateral import contracts and 25.93% from local renewables. The company warns that limited energy availability on external markets and expensive peak-hour purchases are putting pressure on future tariffs.

• Argent LNG offered Transgaz a stake in the LNG terminal under construction in Louisiana, with a planned capacity of 25.00 million tons per year; the project envisages U.S. LNG supplies via Romania to Moldova and Ukraine. The first LNG shipment is scheduled for 2030.

External Economy and Trade

• Starting October 1, packages from foreign online platforms valued at up to EUR 150 are proposed to be subject to standard VAT; from January 1, 2027, an additional 12 lei fee will apply to each imported package actually delivered. Moldovan citizens spent about 14.90 billion lei on foreign packages in 2025, according to estimates.

Government Regulation

• The draft 2027 tax policy raises the income tax on peasant (farmer) households from 7% to 12%, and temporarily raises it for the financial and insurance sector from 12% to 18%. The zero-rate regime for undistributed profits is proposed through 2029, while the turnover/assets ceiling for the benefit would rise from 100 million to 200 million lei.

• From 2027, VAT for HoReCa is proposed to rise from 8% to 12%; sugar from sugar beets, certain fermented dairy products and feminine hygiene products would move from the reduced rate to the standard 20%. A 12% VAT rate is proposed for grains and oilseeds instead of 8%, which the Farmers' Power Association opposes.

• From April 1, 2027, the reduced 8% VAT rate on natural gas is proposed to apply only up to 150 cubic meters per month per residential consumption point, while the VAT exemption for electricity would apply up to 100 kWh; volumes above the limits would be taxed at 20%.

International Relations

• Moldova is preparing amendments to strengthen the functional, institutional, personnel and financial independence of the NBM and reinforce the ban on direct central-bank financing of the public sector as part of alignment with EU law. The draft was submitted to the European Commission for an opinion.

• The government expressed interest in expanding trade and attracting Swedish investment in telecommunications and energy. In 2025, Sweden allocated about EUR 9.00 million to the Energy Vulnerability Reduction Fund.

Investment and Projects

• Since the beginning of 2026, ODA programs have supported 383 enterprises with grants totaling 91.38 million lei; projects approved in the second quarter are expected to attract 172.50 million lei in investment and create about 800 jobs.

• The NCFM approved public offerings of municipal bonds by Leova and Ungheni totaling 19.00 million lei. The funds are intended for urban rehabilitation in Leova and modernization of local roads in Ungheni; fixed-rate issues carry coupons of 9.50-10.00%.

• Repairs to the 9.40-km section of National Highway R8.1-R8 (Arionesti-Ataki-R14), worth EUR 9.24 million and financed by the EBRD, have been completed; traffic will reopen on August 10.

Banking and Finance

• The NBM's official foreign currency reserves stood at EUR 5.20 billion as of July 31, down 18.35 million euros (-0.40%) over the month; since the beginning of the year, they increased by 93.48 million euros (+1.83%).

• In June, 116 corporate securities transactions totaled 598.61 million lei, up 552.86 million lei from May. In the first half of the year, the NCFM registered 17 securities offerings totaling 733.76 million lei (+71.80%), of which 600.28 million lei were bond issues.

Agriculture

• Farmers' Power estimates the additional burden from raising VAT on grains and oilseeds from 8% to 12% at about 500 lei per hectare, or roughly 0.75 billion lei for the sector, and is demanding that the 8% rate be retained.

• Apple consumption in Moldova reached 93.30 kg per capita in 2024, 57.90% above the 2016 level of 59.10 kg.

Business and Companies

• In the second quarter, about 7.50 thousand commercial transactions involving apartments and future real estate were registered in Chisinau - a five-year high; in the first half of the year, about 25.60 thousand transactions took place in the municipality and its suburbs, with the suburban share exceeding 20%.

• Tracom Industrial Park increased revenue from 33.10 million to 48.50 million lei in 2025 and net profit from 3.00 million to 3.40 million lei. About 100 resident companies produce goods and services worth more than 10 billion lei a year and provide over 3.40 thousand jobs.

Day in Figures

ANNOUNCEMENTS

• On August 10 at 10:00, the NBS will publish data on the Consumer Price Index and consumer price developments for July 2026, including prices for socially important goods.

• On August 10 at 14:00, the NBS will update short-term business demography statistics for the second quarter of 2026: the number of registered enterprises and legal entities that have initiated bankruptcy proceedings.

• On August 10, traffic will reopen on the repaired 9.40-km section of National Highway R8.1-R8 (Arionesti-Ataki-R14), worth EUR 9.24 million.

• On August 10, as part of Diaspora Days, the Public Services Agency will hold an online meeting on repatriation and citizenship at 09:00, and the Investment Agency will hold the meeting "Diaspora as an Ambassador of the Image of the Republic of Moldova" at 13:00.