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Macroeconomics
• Moldova's public debt stood at 142.89 billion lei at the end of July, up 7.6% since the beginning of the year; its ratio to projected GDP was 36.8%. Two debt risk indicators exceeded the program thresholds: 95.8% of domestic government securities are due within one year versus a 90% ceiling, while the share of floating-rate debt reached 61.2% versus a 60% ceiling.
• External public debt reached $4.86 billion at the end of July, up $19.2 million over the month. Multilateral creditors account for 89.5% of external debt; the IMF is the largest creditor, with a 26.9% share.
Energy and Resources
• The government extended the state of high alert in the energy and hydrological sectors for another 30 days starting August 27. Fuel reserves increased from less than 5 to 8 days of consumption, but water levels in the Novodnistrovsk and Costesti-Stinca reservoirs remain significantly below normal.
• Procedures for renewable energy and storage projects have been temporarily simplified during the high-alert period: some co-located wind/solar plants with storage will be exempt from separate generation authorization, while grid operators may issue connection permits for storage systems within a total capacity limit of 200 MW. Applications are accepted through September 15.
• In Q2, the average purchase price of imported electricity rose 30% year on year to 267.9 bani/kWh, although import volumes fell 29.6%. At the same time, purchases from domestic producers more than doubled, while the average price of domestic electricity declined 20.6% to 192.8 bani/kWh.
External Economy and Trade
• Wine exports in January-July fell 5% to $116.2 million, while export volumes declined 16% to 61.5 million liters. Average export prices increased: by 8% for bottled wines and by 11% for bulk and sparkling wines.
Government Regulation
• The government approved the phased introduction of VAT and, where applicable, excise taxes on imports by companies registered in the Transnistrian region: the first stage starts September 1 for alcohol, tobacco, perfumes, jewelry, certain vehicles and other categories. Further stages are scheduled for January 1 and April 1, 2027, with full transition to the general regime planned by 2030.
• The Cabinet supported temporary licensing for imports of grains and oilseeds, but proposed limiting the regime through October 31 without extension and excluding contracts concluded before the law takes effect. The government also called for transparent licensing criteria and a review of compliance with Moldova's WTO and EU obligations.
• The government approved a draft law introducing a European-style homologation and market-surveillance system for agricultural and forestry equipment. The law is to take effect 48 months after publication; establishing the system is estimated to cost 3.46 million lei.
Investments and Projects
• Another 29 projects worth about 708 million lei were added to the Single Programming Document for 2025-2027, with about 632.8 million lei expected to come from the National Fund for Regional and Local Development. The package includes infrastructure, tourism and cultural projects, as well as modernization of 14 elevators.
Banking and Finance
• In July, individuals sold banks the equivalent of 621.1 million euros in foreign currency, 15.6% more than in June. In January-July, net foreign-currency supply from individuals covered 92.5% of companies' net demand, versus 84.2% a year earlier.
Social Economy
• Young teachers and researchers aged 35 or younger who take jobs in state colleges, universities and research institutions will be eligible for lump-sum grants of 160,000 to 375,000 lei. The payment will be made in two equal installments after 6 and 18 months of work; the estimated annual cost once the program is fully operational is about 22.9 million lei.
Day in Figures
• 142.89 billion lei — Moldova's public debt at the end of July.
• $4.86 billion — external public debt.
• 95.8% — share of domestic government securities due within one year.
• 200 MW — total capacity limit for new storage connections under the expedited procedure.
• 267.9 bani/kWh — average purchase price of imported electricity in Q2.
• 708 million lei — total value of 29 new regional development projects.
• 621.1 million euros — foreign currency purchases from individuals in July.
• $116.2 million — wine exports in January-July.
• 375,000 lei — maximum grant for young teachers under the new mechanism.
AGENDA
• From August 27 through 31, access to the Chisinau Airport terminal is restricted: passengers will be admitted no earlier than 3 hours before departure.
• On August 28-30, Moldexpo will host the second national exhibition, "Produs Autohton" (Domestic Product), featuring producers from various regions of the country.
• On September 1, the first stage of introducing VAT and excise taxes on selected categories of goods imported by companies registered in the Transnistrian region will begin.
• On September 1, revised rules for determining the non-preferential origin of goods and issuing certificates of origin will take effect.
• Applications for connecting electricity storage systems under the temporary expedited procedure, within the total capacity limit of 200 MW, are accepted through September 15.