Infomarket

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 construction of the Vulcanesti - Chisinau 400 kV high-voltage power line will be completed by 2025, and the construction of the Balti - Suceava power line is also planned.

The construction of the Vulcanesti - Chisinau 400 kV high-voltage power line will be completed by 2025, and the construction of the Balti - Suceava power line is also planned.

This statement was made by State Secretary of the Ministry of Infrastructure and Regional Development Constantin Borosan on air of TVR Moldova. He has said that a World Bank study has shown that the construction of a 600 megawatt back-to-back station in Vulcanesti is no longer technically and economically feasible. Therefore, the officials have reached an agreement with the development partners to reallocate the money meant for the back-to-back station to the Balti-Suceava power line. Constantin Borosan said that the construction of the Vulcanesti-Chisinau transmission line is a priority in order to reduce the technical dependency, as the line from Vulcanesti to Isaccea passes through the Moldovan State District Power Plant (MGRES) before reaching Chisinau. The State Secretary of the Ministry of Infrastructure and Regional Development said that the Vulcanesti-Chisinau transmission line will be completed by 2025, with a 20% success rate in its construction planned for this year. The technical design of the Vulcanesti-Chisinau transmission line will be completed by the end of February. Stability tests of all types of poles have already been conducted. The construction of the line itself will start in the spring of 2023. "We are optimistic about the completion of the project by 2025 in accordance with the agreed plan," said Constantin Borosan. At the same time, according to him, it is extremely important to increase the interconnection with Romania and therefore the feasibility study for the construction of the Balti-Suceava transmission line has already been completed. Negotiations are held with the financing partners - EBRD, EIB and EU, in order to redirect the funds meant for the back-to-back station to this line. The matter concerns almost 40 million euros. As InfoMarket agency earlier reported, the contract for construction of the Vulcanesti-Chisinau high-voltage line worth 27 million euros has been signed with the Indian company KEC International. Its construction is expected to be completed in 2024. The transmission line will be built within the framework of a 260 million euros project on interconnection of the electricity networks of Moldova and Romania, the goal of which is to ensure energy security of the country by connecting Moldova with the internal energy market of the European Union through power lines and strengthening domestic energy transportation networks. The project is to be implemented until the end of 2024 with the support of the EBRD (80 million euros loan), EIB (80 million euros loan), International Development Association from the World Bank Group (61 million euros loan) and European Union (39.4 million euros grant). // 07.02.2023 - InfoMarket.

News on the subject

Termoelectrica submitted a request to ANRE to increase the tariff for heat and electricity produced by the company.
Termoelectrica submitted a request to ANRE to increase the tariff for heat and electricity produced by the company.
The ban on the export of electricity has been lifted in Moldova.
The ban on the export of electricity has been lifted in Moldova.
Natural gas tariff for final consumers of Moldova will not decrease until the end of the heating season - Moldovagaz.
Natural gas tariff for final consumers of Moldova will not decrease until the end of the heating season - Moldovagaz.
Energocom purchased 3.2 million MWh of electricity in 2022 at a weighted average price of 2,085 lei per MWh (2.08 lei/kWh).
Energocom purchased 3.2 million MWh of electricity in 2022 at a weighted average price of 2,085 lei per MWh (2.08 lei/kWh).
Moldova has made progress in the energy sector and the EU will continue to help it to diversify energy supplies - Janis Mazeiks.
Moldova has made progress in the energy sector and the EU will continue to help it to diversify energy supplies - Janis Mazeiks.
The average annual natural gas price for Moldova in 2022 amounts to $841.62 per 1,000 cubic meters which is 2.7 times more than in the previous year ($306.19).
The average annual natural gas price for Moldova in 2022 amounts to $841.62 per 1,000 cubic meters which is 2.7 times more than in the previous year ($306.19).