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 National Center for Sustainable Energy and Termoelectrica will join forces to modernize centralized heating systems in Chisinau

The National Center for Sustainable Energy and Termoelectrica will join forces to modernize centralized heating systems in Chisinau

Specifically, this includes a memorandum of understanding signed on June 30 to help implement energy efficiency measures in the residential sector, financed by the Moldova Residential Energy Efficiency Fund (FEERM). The agreement clearly sets out the technical and institutional responsibilities of both parties to accelerate the installation of individual heating units (IHUs). It aims to design, procure, and commission IHUs and horizontal distribution networks for heating and hot water supply in multi-apartment buildings connected to a centralized heating system. "Our cooperation with Termoelectrica creates the necessary framework for energy efficiency investments to be made quickly, correctly, and with real benefits for people. Through this partnership, we ensure that technical and institutional processes are aligned and that each stage, from design to commissioning, is effectively coordinated. This is a concrete step towards a modern, safe, and environmentally friendly urban heating system that meets the real needs of residents and contributes to achieving national energy transition and sustainability goals," said Ion Muntean, Director of the National Center for Sustainable Energy. According to him, this partnership aims to optimize technical interventions and remove administrative obstacles that could delay the implementation of energy efficiency measures, and will create a coordinated operational mechanism designed to ensure: the coordination of institutional processes, clarification of responsibilities, synchronization of implementation stages, and increased transparency in the implementation of public investments. In turn, Termoelectrica CEO Iurie Razlovan noted that the company strives to maintain a competitive and sustainable energy sector integrated into European energy markets in order to guarantee accessibility for consumers and strengthen the country's energy security. According to him, this joint initiative with the National Center for Sustainable Energy will improve the energy efficiency of residential buildings, allowing consumers to individually regulate the temperature in their apartments and enjoy greater thermal comfort. "When we talk about individual heat distribution units, we mean a system that takes heat energy from our main networks in a controlled manner. Using automation, it distributes this energy evenly and efficiently throughout the home. Another advantage of heat distribution units is automatic consumption control. As a result, heat supply is reduced, which saves energy. At the same time, in buildings where heat energy is distributed horizontally, heat consumption in apartments is paid for according to individual meter readings, which optimizes heat transfer and reduces losses. Ultimately, this project will benefit our consumers," said Iurie Razlovan. According to him, the partnership between the National Center for Sustainable Energy and Termoelectrica will bring direct and tangible benefits to residents of apartment buildings in Chisinau. First of all, the work will be planned and carried out in a coordinated manner, which will avoid delays and fragmented interventions that affect everyday comfort. Thanks to the installation of individual heat distribution points and horizontal distribution networks, energy losses will be reduced and thermal comfort in homes will be significantly improved. At the same time, residents will have access to clear information and technical support in the decision-making process, which will encourage the active participation of homeowners' associations. "This initiative demonstrates how public partnerships can generate structural change with a positive impact on urban communities, as well as contribute to reducing environmental impact and improving energy efficiency at the local level. This is a clear example of results-oriented institutional cooperation that puts the benefits for citizens and sustainable urban development at the forefront," noted the National Center for Sustainable Energy. // 30.06.2025 — InfoMarket

News on the subject