Macroeconomics
• Annual inflation declined to 6.34% in July from 6.51% in June and returned to the NBM target range of 5.00% ±1.50 p.p.; deflation was recorded for the second consecutive month at 0.14%, while inflation for January–July stood at 4.65%.
• The national economy's total debt reached 723.30 billion lei at the end of Q1 (+4.30% from end-2025), or 202.10% of GDP; the financial sector accounts for 303.50 billion lei and non-financial companies for 192.80 billion lei.
• Since the beginning of the year through August 7, the State Tax Service collected 52.90 billion lei (+11.40% y/y), including 21.66 billion lei for the state budget; customs revenue since the beginning of the year totaled 25.40 billion lei, 2.50% above the target.
Energy and Resources
• The country's electricity needs on August 10 were fully covered by commercial purchases: Energocom bought 10,502 MWh, of which 65.45% came from bilateral import contracts, 28.71% from local and eligible renewable sources, and 4.54% from Romania's day-ahead markets.
• The price of natural gas on the European market was €58.58/MWh on August 10; from July 31 it ranged between €52.40 and €59.07/MWh. European gas storage levels are about 59.00% of capacity versus a seasonal average of 76.00%, while LNG imports in July were approximately 29.00% lower y/y.
Foreign Economy and Trade
• Moldova's trade with Turkey in the first 5 months rose by nearly 7.00% to €478.30 million; Moldovan exports reached €205.10 million (+24.60%), imports €273.20 million (-3.30%), and the trade deficit narrowed by 42.30% to €68.10 million.
• Moldova's exports to Italy in January–May rose by 24.60% to €134.60 million and imports by 7.10% to €198.70 million; the deficit narrowed by 17.30% to €64.10 million. More than 1,100 companies with Italian capital operate in Moldova.
• Moldova and Ukraine agreed to expand joint customs control, increase border-crossing capacity and adapt infrastructure to growing trade flows; road and rail transit of grain through Moldova to Ukrainian Danube ports was also discussed.
Government Regulation
• The draft tax policy for 2027 proposes a uniform property-tax rate range of 0.05–1.00% and a luxury-tax threshold of 5.00 million lei in assessed residential property value; specific property-tax rates will be set by local authorities.
• From August 10, retailers are required to indicate the country of origin of food products on the price tag or next to the product; violations are subject to fines of 60–90 conventional units for officials and 120–240 for legal entities.
• The Ministry of Economic Development proposes a new tariff methodology for the National Institute of Metrology from January 1, 2027: the estimated cost of one man-hour would rise from 114.59 to 275.46 lei, with a coefficient of 1.50–2.00 for urgent work; the draft still requires government approval.
Investments and Projects
• The master plan for Moldova HiTech Park will be presented on August 13; the concept provides for at least 40.00% green areas, zones for IT, medtech and govtech, and a future data center. Construction is planned to begin in 2026, with announced investment of €200.00 million from public, European and private sources.
• A 9.47-km section of the Arionesti–Ataki road was commissioned after a major overhaul; investment totaled €9.25 million, financed by the EBRD.
Banking and Finance
• In 10 months of Moldova's participation in SEPA, citizens and businesses saved about €13.20 million in fees: the cost of 960,000 transfers was about €1.00 million versus €14.20 million through SWIFT. Transaction volume over the comparable period rose by 57.00%, from €9.30 billion to €14.60 billion.
• The Ministry of Finance opened subscriptions for government bonds by individuals via eVMS.md through August 24: yields are 7.45% for 1 year, 7.55% for 2 years, 7.65% for 3 years and 7.85% for 4 years; the face value of a bond is 100 lei.
• Ungheni and Leova launched municipal bond placements totaling 19.00 million lei for road and urban infrastructure; fixed rates on the 2- and 3-year issues are 9.50% and 10.00%, with subscriptions open through September 8.
Industry
• Metalferos revenue rose by nearly 60.00% in 2025 to 437.70 million lei, while its loss increased by 12.90% to 26.81 million lei; no dividends will be paid for 2025. The state owns 78.28% of the shares.
• Franzeluța revenue rose by 0.50% in 2025 to 721.00 million lei, while net profit fell by 57.20% to 16.20 million lei; capital investment exceeded 48.00 million lei. The company accounts for about 30.00% of Moldova's domestic bakery market.
Agriculture
• AIPA approved 56.28 million lei in payments for August 3–7: 50.00 million lei to 333 farmers for damage from the 2025 drought and heat, at 1,442.24 lei/ha across 34,668.30 ha, and another 6.28 million lei for post-investment support of wine-sector infrastructure.
Business and Companies
• Passenger traffic at Chisinau Airport reached 811,079 in July (+15.30% y/y); new routes accounted for 41,386 passengers, or about 5.10% of monthly traffic. Cargo traffic fell to 190.20 tons from 228.20 tons a year earlier.
• For the first time, the Investment Agency selected 25 brands for the Top Exporters from Moldova program after analyzing more than 1,300 companies; the winners' products and services are supplied to 50 international markets.
Social Economy
• The Competition Council approved state aid for companies participating in dual education: through end-2030, the scheme's budget will total 232.50 million lei, reimbursing 50.00% of eligible expenses. The number of participating companies is planned to increase from 230 to 350.
Day in Figures
Figure | What it means | |
723.30 billion lei | total debt of the national economy at the end of Q1 2026. | |
6.34% | annual inflation in July 2026. | |
52.90 billion lei | State Tax Service revenue to the national public budget since the beginning of the year through August 7. | |
€13.20 million | savings by citizens and businesses on fees during 10 months of SEPA operations. | |
€200.00 million | announced investment in Moldova HiTech Park. | |
56.28 million lei | payments approved by AIPA for August 3–7. | |
€478.30 million | Moldova's trade with Turkey in January–May 2026. | |
19.00 million lei | total municipal bond placement by Ungheni and Leova. | |
ANNOUNCEMENTS
• On August 11 at 14:00, the NBS will publish data for H1 2026 on prices for electricity supplied to final consumers and natural gas for household consumers.
• On August 11 at 14:00, the NBS will publish the statistical release "Youth in the Republic of Moldova" for 2025.
• On August 11, as part of "Diaspora Days," the Public Services Agency will hold an online meeting at 09:00 on repatriation and citizenship, while the Ministry of Environment will hold a meeting at 16:00 on its role in Moldova's EU accession process.