News

Data about the Activity of Moldovan Commercial Banks on July 31, 2025Dr. Sándor Csány: Being the 4th largest, OTP in Moldova will grow both organically as well as through possible mergers and acquisitions It seems to be a place, but it is notScott HOCKLANDER: For me, the persistence of Moldovan citizens is not only a learned lesson, but also a great exampleSorin MASLO: "The year 2022 was a turning point for the "Cricova" Wine Combine, the turnover increased by almost 25%"Deposit rates are at their peak. Market conjuncture or Why banks need individuals’ depositsValeriu LAZĂR: "If the state does not support business today, tomorrow it will have no one to collect taxes from.Chisinau Airport as a reflection of statehoodMonetary measures against non-monetary inflationBanks as the fulcrum of the economy: they have increased profits and are preparing for the challenges of the 2H 2022The Ministry of Finance and investors in the State Securities market at the peak of placement volumesThe banking market: turmoil and increased demand. No panicIs Moldova ready for the economic consequences of the war in the neighboring country?Are we heading for hyperinflation? It all depends on the correct diagnosis and the prescribed treatmentWhat is happening in the Government Securities Market and what does the National Bank have to do with it?The wine industry is on the verge of a revolution: Is the industry-specific law bankrupting enterprises? The trap for the oil products marketLászló DIÓSI: Foreign investments come to Moldova due to banking system stabilityWhen there is no program with the IMF, we issue are government securities ...Nikolay BORISSOV: “Acquisition of Moldindconbank is the best procurement in the Moldovan market, albeit the most risky one”Oil Ping Pong GamesBanking 2020 - pandemic, profitableWeird 2020: humility, depression, rebellion, accepting a new realityThe Hunger Games of the foreign exchange marketHow to tame liquidity?Veaceslav IONITA: The government killed the business, but flirted with the populationPeople and Business: Natural and Unnatural SelectionAlexandru BURDEINII: Being ethical becomes vital in business nowadaysMoldova’s Key Macroeconomic IndicatorsPrices at filling stations

The Iasi-Ungheni-Chisinau gas pipeline has become fully functional and may soon start delivering natural gas.

The Iasi-Ungheni-Chisinau gas pipeline has become fully functional and may soon start delivering natural gas.

Deputy Prime Minister, Minister of Infrastructure and Regional Development of Moldova, Andrei Spinu, announced this, noting that he was informed about this officially today during a meeting with the General Director of Transgaz Romania, Ion Sterian, and the administrator of Eurotransgaz Nicolae Faranga Dan. At the meeting, the Romanian side officially informed about the completion of the construction of the Iasi-Ungheni-Chisinau gas pipeline, which connects gas networks in Romania and Moldova, providing our country's access to the European energy market. The gas pipeline was extended both from the side of Moldova with a section of the Ungheni-Chisinau gas pipeline, and from the side of Romania, with the Onesti - Gheraesti - Letcani gas pipeline and two gas compressor stations. “Our country needs to diversify the sources of gas supplies, and this gas pipeline gives us this chance. The work on the gas pipeline has actually been completed on both sides, and we are planning the possibility of supplying gas through this pipeline in the near future,” said Andrei Spinu. The gas pipeline was completed in August 2020 and the expansion work on the Romanian side was completed in early October 2021. Transgaz România is the national gas transmission operator in the neighboring country and also owns the Moldovan gas transmission operator VestMoldTransgaz in charge of transporting gas on the section from the border to Chisinau. The Iasi-Ungheni-Chisinau gas pipeline was built and financed by the Romanian operator Transgaz with money allocated by the European Union under the Romania-Ukraine-Moldova Joint Operational Program for 2007-2013. Earlier, the Romanian company Transgaz noted that the throughput capacity of the Iasi-Ungheni gas pipeline will increase from October 1, 2021, which will allow it to supply higher volumes of gas from Romania to Moldova. As InfoMarket reported earlier, the general director of the Romanian company Transgaz, Ion Sterian, said earlier that Romania would be able to supply Moldova with Russian gas in transit and indirectly replace the Ukrainian route of transportation / transit of Russian gas to Moldova with the Romanian route. According to him, from October 1 of this year, it will be possible to transport from 4.5 million to 6 million cubic meters of gas per day to Moldova. Thus, the gas pipeline will be able to provide about 75% of the average consumption in Moldova (including the Transnistrian region) or about 60% of the average consumption in the country during the cold season (including the Transnistrian region). The aim of the construction of the Iasi-Ungheni-Chisinau gas pipeline was to increase Moldova’s energy security by diversifying the sources and directions of natural gas supplies to Moldova. Transgaz notes that the project will also help Moldova integrate into future major gas infrastructure projects, such as the trans-Adriatic gas pipeline or TAP. This gas pipeline will be able to pump gas from Central European gas hubs and transport gas from the Black Sea fields. // 04.10.2021 – InfoMarket

News on the subject