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Category: Economics

The Republic of Moldova will benefit from an EU €15.4 million grant to interconnect its electricity networks with Romania

Moldova will receive a €15.4 million grant to co-finance the 400-kV Balti-Suceava overhead power line, the second phase of the project connecting Moldova's and Romania's electricity networks.Prime Minister Dorin Recean, EBRD Moldova...

The parliament appointed two heads at the NBM

Petru Rotaru became the First Vice Governor of the National Bank of Moldova (NBM) on February 6, while Mihnea Constantinescu assumed the role of Vice Governor. Most MPs present at the meeting...

Support package from the EU! Every family in the Republic of Moldova will pay for the first 110 kWh of the bill at the...

The government will compensate electricity costs for all Moldovan households until December 2025, using funds from the European Union’s support package. Each household will pay for the first 110 kWh of electricity...

Alaiba: We want to help entrepreneurs absorb shock of increase in charges

The state anticipates that 10,000 entrepreneurs operating in the social sectors will apply for compensations following the increase in the electricity charge, said Minister of Economic Development and Digitalization Dumitru Alaiba. According...

Dorin Recean discussed Moldova’s transition to renewable energy with Romania’s largest company in the sector

The Prime Minister of the Republic of Moldova, Dorin Recean, met last week with a delegation from the Romanian company Simtel Group (BVB: SMTL). The officials discussed Moldova's transition to renewable energy,...
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Transnistrian energy system stabilized, no more power cuts

The Transnistrian administration announced that the energy system in the region was stabilized and the supply of electricity is no longer turned off, while the MGRES power plant produces electricity based on...

A delegation from Brussels visiting Energocom to review the process of gas and electricity procurement from the 30 million euro EU grant

Today, a Brussels delegation visited Energocom, the company responsible for procuring energy resources for citizens on both banks of the Dniester using a 30-million-euro grant from the European Union.Head of the Directorate-General...

Moldova imported more than 62% of the electricity consumed in January. Average price: 129.7 EUR/MWh

In January, Energocom purchased 434,000 MWh of electricity from the local market and imports, at a weighted average price of 129.7 euro/MWh. The largest share of the electricity purchased, 62.13%, was imported,...
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