InfoMarket Economic News Agency morning review based on the previous business 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
• Moldova's state budget deficit for January-August totaled 8.72 billion lei, up 16.6% year-on-year; revenues increased by 2.6% to 51.31 billion lei, while expenditures rose by 4.4% to 60.03 billion lei. The national public budget deficit reached 7.67 billion lei (+36.2%).
• The EBRD maintained its GDP growth forecast for Moldova at 2.8% in 2026 and 3.5% in 2027. The bank notes risks from energy price volatility, weak external demand, the war in Ukraine and possible delays in implementing reforms.
Energy and Resources
• The World Bank is preparing a $50 million loan for Moldova to modernize public buildings: expected energy savings are at least 20% for each building, with a maximum simple payback period of up to 20 years.
• Energy efficiency programs totaling more than 400 million euros are being implemented in the public and private sectors; buildings account for more than 50% of the country's total energy consumption, with residential buildings making up more than 80% of that amount.
• Parliament passed the draft law on energy communities in the first reading, introducing a special organizational and legal form for them. It will allow citizens, local authorities and SMEs to jointly produce, consume and store energy, including energy from renewable sources.
External Economy and Trade
• According to Moldova's ambassador to the U.S., the additional U.S. tariff, which stood at 25% a year ago, no longer applies to most Moldovan product categories; the tariff rate is now zero for most exported goods.
• Moldova and Egypt intend to continue negotiations on a Free Trade Agreement, which should expand export opportunities, including for agri-food products, and attract investment.
Government Regulation
• Under the Growth Plan, the reform of state-owned enterprises will continue through 2027: they are to be transformed into joint-stock companies, a holding structure will be created for assets managed by the Public Property Agency, and boards of directors will be professionalized. ODA is to be transformed into a financial development institution.
• The Ministry of Finance is discussing the creation of a mechanism to track taxi operations and revenue generated through electronic platforms, focusing on transaction registration, transparent tax obligations and a level playing field.
Investment and Projects
• 115 companies applied to the European Commission's call for investment in Moldova's real economy; 10 letters of intent have been signed, and the evaluation of proposals is nearing completion. The minimum project size is 10 million euros, with the investor contributing at least 15%.
• More than 50 million lei was allocated to 10 completed regional development projects: 20 km of water supply networks were built and expanded, 4.2 km of roads were repaired and 5 km of street lighting was modernized.
Banking and Finance
• The BNM's foreign exchange reserves reached a new all-time high of 5.45 billion euros as of September 18; since the beginning of the year, they have increased by 342.9 million euros, or 6.7%.
• Remittances to individuals via banks in January-August increased by 24.6% to $1.32 billion; $165.91 million was received in August.
• The BSTDB will provide Microinvest with a 15 million euro credit line to finance SMEs; at least half of the funds will be used for energy efficiency, renewable energy, sustainable agriculture and other green investments.
Day in Figures
8.72 billion lei — state budget deficit for January-August. | 2.8% — EBRD forecast for Moldova's GDP growth in 2026. |
5.45 billion euros — BNM foreign exchange reserves as of September 18. | $1.32 billion — remittances to individuals in January-August. |
$50 million — World Bank loan for energy efficiency in public buildings. | more than 400 million euros — ongoing energy efficiency programs. |
15 million euros — BSTDB credit line for Microinvest. | 115 companies — applications to the European Commission investment call for Moldova. |
AGENDA
• On September 28 at 10:00 a.m., ANRE will consider and plans to approve new regulated gas prices for Energocom and new heat tariffs for Termoelectrica, CET-Nord and several municipal suppliers.
• Moldova Business Week 2026 starts on September 28; the first day will feature the official launch of the Moldova International Stock Exchange (BIMx), activation of its online platform and presentation of new digital services for company registration and licensing.
• On September 28 at 2:00 p.m., maib park will host Capital Market Forum 2026, dedicated to listing, corporate governance, reporting, auditing and modernization of capital-market infrastructure.
• On September 28, Moldova's Farmers Register will be officially presented - an information system for registering producers and centralizing data on agricultural enterprises, linked to the future administration of subsidies.
• On September 28, Chișinău will host a B2B/matchmaking event for SMEs from both banks of the Dniester, focusing on agri-food, equipment, FMCG, textiles and household goods.