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Moldova ar putea depăși Ucraina în aderarea la UE. Bruxelles-ul ia în calcul accelerarea procesului înaintea alegerilor din septembrie
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<p><a href="https://www.mediafax.ro">Mediafax</a></p>
<p>Uniunea Europeană ar putea oferi Republicii Moldova un avans semnificativ în procesul de aderare, înaintea alegerilor parlamentare din 28 septembrie, depășind astfel Ucraina pentru prima dată, potrivit surselor citate de Politico.</p>
<p>Articolul <a href="https://www.mediafax.ro/externe/moldova-ar-putea-depasi-ucraina-in-aderarea-la-ue-bruxelles-ul-ia-in-calcul-accelerarea-procesului-inaintea-alegerilor-din-septembrie-23595846">Moldova ar putea depăși Ucraina în aderarea la UE. Bruxelles-ul ia în calcul accelerarea procesului înaintea alegerilor din septembrie</a> apare prima dată în <a href="https://www.mediafax.ro">Mediafax</a>.</p>
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Moldova at the crossroads: tensions with Transnistria ahead of EU membership referendum
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In October Moldovans will vote on making EU membership a constitutional goal. A 'yes' vote would put the pro-Western leadership on a collision course with the Russia-leaning breakaway region in the east.
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Moldova begins preparations for upcoming referendum on EU membership
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On Sunday, Moldovans will vote on whether EU accession should become a constitutional goal. The country's presidential election will happen on the same day.
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Moldova expects over 60% of its electricity from Romania in January
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<p>Moldova will import from Romania some 62% of the electricity it needs in January for the territory controlled by the constitutional authorities (not including separatist region Transnistria), and the imports’ instant share will drop towards 50% only during night hours when the consumption decreases, according to the <u><a href="https://romania-insider.us1.list-manage.com/track/click?u=2f0cf98c5bbb903b9c07ffa45&id=c45a110fa8&e=607bd7d763" target="_blank">projections</a></u> drafted by the state energy trader Energocom.</p>
<p>The authorities in Transnistria estimate that their coal reserves can cover some 50 days of electricity consumption – but the period might be shortened if the households choose to use electricity for heating after the district heating and hot water were discontinued as of January 1.</p>
<p>Gazprom discontinued its natural gas supplies to Moldova as of January 1. Energocom already lowered to 40% in December its reliance on the electricity provided by Transnistria’s power plant MoldGRES based on the natural gas supplied by Gazprom. The 40% share will be covered by purchases on Romania’s electricity market (mainly from the day-ahead market).</p>
<p>The imports from Romania depend on the commercial capacity allocated at the border, Energocom points out. But it’s more than this: the imports will depend on the technical capacity of the interconnectors, currently just over 315 MW compared to over 700 MW instant consumption in Moldova during peak hours. </p>
<p>Until January 8, after Christmas (celebrated in Moldova under the Eastern Orthodox calendar), the consumption will remain moderate – but afterwards, it is reasonable to expect power delivery restrictions in the industrial sector.</p>
<p>The average price of electricity in Moldova will predictably increase as a significant part of the acquisitions from Romania will be operated on the day-ahead market. Most of the imports, 39% of total consumption, will be operated on Romania’s market OPCOM. Energocom discloses that 16.3% of the consumption will be secured by Nuclearelectrica (band electricity delivered at a rate of 100 MW), and another 6.7% will be delivered under other bilateral contracts (with OMV Petrom’s Brazi gas-fired power plant, energy delivered at a rate of 100 MW during 16 hours per day and at a lower rate during the rest of the time).</p>
<p>Moldova estimates that the renewable energy installations will contribute 10.1% of the electricity needed by domestic consumers in January – with a note on the intermittent nature of deliveries from such installations.</p>
<p><em>(Photo: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Nataliia Babinska/ Dreamstime</a>)</em></p>
<p><em>[email protected]</em></p>
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Moldova expels Russian diplomats for aiding fugitive MP
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Moldova’s Foreign Ministry declared three Russian diplomats persona non grata, citing clear evidence of conduct violating their diplomatic status.
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Moldova narrowly votes 'yes' to EU membership
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Early preliminary results had indicted a majority "no," but a surge of ballots from abroad provided last-minute support for EU membership. The referendum came amid allegations of Russia-backed voter fraud.
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Moldova president alleges vote-buying tainted EU referendum results
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Moldova president alleges vote-buying tainted EU referendum results
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Moldova president alleges vote-buying tainted EU referendum results
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Moldovan President Maia Sandu denounced an "an assault on democracy and freedom," as she said criminal groups had bought Moldovan citizens' votes prior to the EU referendum on Sunday.
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Moldova says it has enough natural gas reserves for the entire winter
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<p>The natural gas supply and distribution company in Moldova, Moldovagaz, announced that it had already purchased 747.9 million cubic meters (7.95 TWh) of natural gas, mostly from the Romanian Commodities Exchange East during August-December, thus covering the entire natural gas demand for the entire winter period until the end of March 2025, according to <a href="https://economedia.ro/moldovagaz-republica-moldova-este-asigurata-cu-gaze-naturale-pentru-intregul-sezon-de-incalzire.html?mc_cid=708615cba2&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economedia.ro</a>.</p>
<p>Gazprom is supposed to deliver 5.7 million cubic meters of gas per day to the separatist region of the country, Transnistria, or 171 million cubic meters per month (513 million cubic meters in Q1), with an important part of it being used for the electricity consumed in the entire country – including the territory controlled by the central authorities which can produce less than 10% of its electricity needs.</p>
<p>The expected termination of Russian gas supplies to Transnistria after January 1 would create a deficit of 513 million cubic meters of natural gas for the winter period and, consequently, a massive electricity shortage across the whole country.</p>
<p>The weighted average procurement price paid by Moldovagaz was EUR 47.88 per MWh, which is approximately EUR 509.15 per 1,000 cubic meters, or approximately MDL 9,842.89 per 1,000 cubic meters, with delivery to the Virtual Trading Point (PVT) of the Republic of Moldova, the company announced.</p>
<p>The Chisinau Parliament approved, on the night of December 12 to 13, the introduction of a state of emergency in the energy sector on the territory of the Republic of Moldova, starting with December 16, 2024, for a period of 60 days. </p>
<p>The measure, requested by the government, is being instituted due to the risk that Transnistria will be left without gas supplies from Gazprom, which would cause the rest of the Republic of Moldova to face a serious electricity shortage.</p>
<p>Romania’s energy minister, Sebastian Burduja, announced Romania is working on a plan to supply Moldova with energy resources, with the support of other European countries, <a href="https://economedia.ro/ministerul-energiei-romania-este-pregatita-sa-sprijine-republica-moldova-dupa-ce-tara-a-declarat-stare-de-urgenta.html?mc_cid=708615cba2&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economedia.ro</a> reported.</p>
<p>Burduja mentioned an electricity deficit of some 600 MW on the side of Moldova. The capacity of the existing interconnectors between the two countries will be increased by 80 MW from 315 MW to 395 MW.</p>
<p>Nuclearelectrica and Hidroelectrica are already in contact with Moldova’s state-owned power trader Energocom to analyze the possibilities of providing additional volumes of electricity to the right bank of the Dniester, namely in the territories controlled by the central authorities, Burduja said. </p>
<p>Additionally, minister Burduja said that Romania has natural gas stocks and is analysing priority extraction options in case supplies to the Transnistrian region (thus, the electricity production in entire Moldova) are affected after January 1.</p>
<p>Increasing the value of the operational balancing account between VestMoldTransGaz and Transgaz is considered an essential solution to mitigate the impact in the first days of the crisis, according to the Romanian minister, suggesting that limited amounts of natural gas might be transferred to Moldova to power the energy generation plants in the separatist region.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Sasa Maricic/Dreamstime.com</a>)</em></p>
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Moldova split on referendum to join EU
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Earlier preliminary results had indicted a majority "no," but a surge of ballots from aboard provided last minute support. The referendum comes amid allegations of Russia-backed voter fraud
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Moldova to declare state of emergency in energy sector
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<p>Moldova, Romania’s small eastern neighbor, is set to declare a state of emergency in the energy sector for 60 days, starting December 16, 2024. The announcement was made by prime minister Dorin Recean during a press conference. </p>
<p>This situation has arisen because the Republic of Moldova can no longer rely on supplying Transnistria with gas from Gazprom, which will no longer transit Ukraine starting January 1, 2025, following a decision by Kyiv. Additionally, a dispute between the Moldovan government and Gazprom regarding an alleged debt is making negotiations worse.</p>
<p>Moldova currently receives electricity from the Cuciurgani power plant in Transnistria, which operates on Russian gas. Without Russian gas, Cuciurgani cannot operate, and cannot deliver electricity to Moldova. </p>
<p>“There is no transit problem – there are delivery routes for natural gas to the Republic of Moldova and to the left bank of the Dniester. If Gazprom’s intention materializes, it will result in a humanitarian crisis stemming from two sources. The first is the lack of energy resources for basic needs in the middle of winter. The second issue is the lack of income for these people to purchase basic goods. This is the context and the problems the Government of the Republic of Moldova needs to resolve," Recean said, cited in the <a href="https://gov.md/ro/content/guvernul-aprobat-proiectul-de-instituire-starii-de-urgenta-republica-moldova-pentru-60-de">press release</a>.</p>
<p>One solution could be for the government in Chișinău to bring gas from Romania to keep the power plant running, provided the required volumes are available. However, Romania's National Energy System is <a href="https://www.romania-insider.com/concern-romania-electricity-supply-dec-2024">also at its limit</a>, a fact acknowledged in an official government document, due in part to the pressure caused by energy deliveries to Moldova and Ukraine. Moldova can only import around 315 MW through the interconnection with Romania, an insufficient amount at peak hours.</p>
<p>“This vulnerability is exacerbated by the fact that the Isaccea-Vulcănești interconnection line crosses Ukrainian territory, making it susceptible to disruptions in the event of new attacks on energy infrastructure in the neighboring country,” the PM noted.</p>
<p>On November 29, the National Energy Regulatory Agency (ANRE) in the Republic of Moldova decided to increase the tariff for consumers, a measure which will take effect on December 1, 2024. </p>
<p><em><a href="mailto:[email protected]">[email protected]</a></em></p>
<p><em>(Photo source: Sjankauskas | <a href="https://www.dreamstime.com/">Dreamstime.com</a>)</em></p>
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Moldova votes in tense presidential runoff
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Moldova is holding its second round of presidential elections on Sunday as concerns over Russian interference loom large.
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Moldova votes yes to EU membership as president Sandu claims Moscow meddled
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Moldova votes yes to EU membership as president Sandu claims Moscow meddled
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Moldova withdraws from Eurovision 2025 due to “economic, artistic challenges”
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<p>Moldova will not compete in the Eurovision 2025 song contest. The decision was made "following a detailed analysis of the current situation, as well as economic, administrative, and artistic challenges," the organizers stated.</p>
<p>The announcement was made on Wednesday, January 22, by the director of the national television Moldova 1, Corneliu Durnescu, and the head of the Eurovision Moldova delegation, Daniela Crudu.</p>
<p>Although withdrawing from the contest, Moldova 1 will broadcast the two semifinals and the grand final live from Basel.</p>
<p>"The decision was not easy, but it was necessary in the current context. This year's national selection highlighted certain challenges, including a decline in public interest and the overall quality of the songs and artistic performances. This has generated a negative perception among specialists and the public, emphasizing the need for substantial reform in the selection process," said Moldova 1 director Corneliu Durnescu, as quoted by <a href="https://moldova1.md/p/42773" rel="noopener" target="_blank">Moldova1.md</a>.</p>
<p>He added that TRM aims to review the selection criteria and methodology to encourage broader participation from talented artists and provide a more consistent and competitive cultural representation on the international stage.</p>
<p>In addition, according to the director of Moldova 1, the Eurovision competition involves considerable costs, including for organizing the national final, producing the show, promoting the artist, travel and accommodation for the team, stage production, technical equipment, and other associated expenses. The participation fee for the Republic of Moldova, as communicated by the European Broadcasting Union (EBU), is EUR 21,486.</p>
<p>TRM will reallocate the resources planned for this year's Eurovision participation to other projects, the same source said.</p>
<p>After the live auditions on January 18, 12 artists and bands qualified for the national final of Eurovision 2025. This year, Moldova would have participated for the 20th time in the Eurovision Song Contest.</p>
<p><iframe allow="autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share" allowfullscreen="true" frameborder="0" height="514" scrolling="no" src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2Feurovision.moldova.trm%2Fposts%2Fpfbid06m2VQstzqDkCdBLRGCMtiSuqZC7WJUvKNdjtV4LsXJH75PbR53xYJdpHZkGE4posl&show_text=true&width=500" style="border:none;overflow:hidden" width="500"></iframe></p>
<p>The Grand Final of the Eurovision Song Contest 2025 will take place in Basel on May 17, with semifinals on May 13 and May 15.</p>
<p><i>[email protected]</i></p>
<p><i>(Photo source: Facebook/</i><em><a attributionsrc="/privacy_sandbox/comet/register/source/?xt=AZW6k879VQjcMUl9zdEbrTasoel8gUUaCCWzAuoDpOzrdoIRWGc9YzD65DJKlJ_YElUx9joFO18e5bJJNcvBnchiPrdwjCtwus619LPKag7zWuhW0zTXJg_dwjFIrljWyrwfH0TwjMbzgC6dmYMYmV3tcUNoaVW3Me6Bi2_lRUT-d7PiL0ylnNsAtplI_ZybkDTBakVh1VMTbD1UZuSBODfWBX3cMd4TvD7C8eljnpg1r8CIimc2GWO3v5wNCkoa3qs8C4O_UObJJqeGv56bNOaDmccw23yhcemAATEJ5lKuSPwbzi_l5Ye7VH__aix1XN7nx2PN3yv0v70Szx_NYAVlCvYTWTDWDlco3cVar_LJZogT1fieOCdSmpE9PTlrHQX2NIxmMbiqP1acq0JGw6mpiIHq0CuCQggraMKvgPR8_-UQaYtbDvJPBShtPNr_XBoU_6oGhBZDGUZgKihMmm6XTPpTQRMcbRN7w8yuNXkusU3kA_lsmlfTaGkaFffxDiXolhJojMgn0MHtCnTgVjzK7Lvnqgg_wBTfxlfQrTKQvLgqrTOyI1DihZj3AKopiuS1_nnilOQs_UhzX65L2XSg0OOh9lXXT73S3FEbLXxdNTNqklKPYrLJibVH1HbhVHH4JLqmpd2jeE6X5CyqaYGNAnnRXrJ2baDSQKo9Bs0NCNDMDSeHpdrHCDKPrh7i6kILq0ND47m_QNDvt62V8uV-XCFEeVA4yVPE1Co3Njkk8nytD5Ec9Jt3VhtvhnDV87NNHZxrIlswIKaDfTkdAA72c0naugGpdJ1VlhH_QBVD7FqxzRiMFomYVD7wOJqdHw-3yixFDOMo1gleBS-bKGLD3PMRq3OsF8Z_pi6iTlpjSqC_9pnEcUGcoCoaSnWO3-FgfS-B3pO0YCqrmaCbngpW7_M7nkpG6eiis0UBqyfpzLcMqqluS9hSsJAQelD844K3rtgWzwZAm5h9FYw3yaLJxEE8qxUdGq1-uKJuujz2_Hk9k-HtoRjBl05SyOmJs0dLY8Q00H6iRtf4vuGv2f9-mEM8J-mbnaEf49TX6lWKkA-owdKpAg4WrLzgZi6uW5i13KHyar_H5sRfd6Wi5qUQiG1JS-KtS-BF-V5NdMwdYwSdiTx6WSgzADxM0YLH85X4l3XMYo7Fyg02RJ7TVMAS-UDpYim1uAqhCtT2uTQZq78wmk1Cqi2bVskOIFDQkjyweNhFTxYJsA-aJaUSeFDtq8pYQf1jQMWjiekLscpsAVahmCX1ozkmfrpHxOvwWNnVz8TB5JxEhFmrhiewVpv72TYTHHmHviHJRo1pq8YylZ-y_dCgAmcm5mTKVUoi2AqtECenM4Pm9LNqAEqyKBrR" href="https://www.facebook.com/eurovision.moldova.trm?__cft__[0]=AZVYFkgPjDxKxHeE-qUBVPfwk5MZC0jvrJytDlwevBM81KB-Pg9Km0LuWuCHpjjEcS0dzWTQaUfVCHY1pb9GTzEHOacBEND0liGPsJmu18xUHLTRf65McqIB-qMcdESheu7TARsKzGOWLaz6vb6_qdHfKIYIqpSmU4VrJl0TRjquaWMm3UMKrtRndTs4Y4-F7pc&__tn__=-UC*F" role="link" tabindex="0">Eurovision Moldova</a>)</em></p>
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Moldova's EU referendum beset by alleged Russian meddling
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Moldovans will choose whether their country's path to the EU remains clear when they head to the polls this weekend. Russia has allegedly tried to sway voters away from the EU in the run-up to the historic referendum.
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Moldova's Gagauzia region remains largely pro-Russia
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In Moldova's recent EU referendum, 95% of voters in the region of Gagauzia voted against joining the EU. Why do people there lean toward Russia despite support from the EU and the war in Ukraine? DW asked residents.
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Moldova's HiSky reports 28% more passengers in January-September
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<p>Low-cost airline HiSky, with its main base in Chisinau but the largest part of its customer base in Romania, announced a record number of 1.5 million passengers served in January-September, 28% more compared to the same period of last year.</p>
<p>Romania is the main market contributing to traffic volumes, with a percentage of 64% of passengers, compared to 36% registered at the airport in the Republic of Moldova. </p>
<p>The most successful routes were the internal ones, connecting Romania's capital city, Bucharest, and the cities in the west of the country, Cluj-Napoca and Timișoara.</p>
<p>"Oradea will become the third domestic route that we operate from October, from Bucharest," said Iulian Scorpan, CEO of HiSky, quoted by <a href="https://www.economica.net/hisky-pasageri-tarom_781551.html?mc_cid=dbe4d15fe7&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net</a>.</p>
<p>For the whole year, the company expects to reach a total number of 1.9 million passengers and narrow the gap to the national flag carrier Tarom (2.3 million passengers in 2023). </p>
<p>HiSky launched in June the first direct flights from Bucharest to New York after 20 years and recently announced flights from Bucharest to Paris CDG and from Oradea to London – while Tarom is giving up its routes to London as part of an attempt to break even after years of losses.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: HiSky)</em></p>
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Moldova's MAIB planning Bucharest Stock Exchange listing posts 11% stronger profit in Jan-Sep
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<p>Moldova's leading bank MAIB (maib), which plans to list its shares at the Bucharest Exchange (BVB), reported an excellent third quarter, with the net profit rising by 11% y/y to MDL 1.1 billion (EUR 56.9 million) in January-September. </p>
<p>The advance of net interest income and the increase in net foreign exchange earnings mainly drove the increase. </p>
<p>In Q3 alone, the bank's net profit surged 21.4% y/y to MDL 399 million (EUR 20.7 million). In the third quarter, the bank's Return on Equity (ROE) was 20.6%, compared to 17.8% in the 3rd quarter of 2023, reflecting the performance recorded this year, according to a press release.</p>
<p>"I am very pleased with maib's performance, which demonstrates our ability to maintain profitability regardless of the economic cycle. We recorded a new quarterly increase in the use of digital channels of interaction with our customers. More than 70% of loans to individuals were granted in the 3rd quarter online, and we have more than 722,000 active users. All this underlines the success of our digitization efforts. Among the key initiatives we have launched is AI in banking, which will equip us with advanced tools to improve operational efficiency and provide our customers with personalized banking experiences, according to the release," stated maib CEO Giorgi Shagidze, quoted by <a href="https://www.bursa.ro/maib-crestere-de-11-procente-a-profitului-net-pana-la-aproape-57-de-milioane-de-euro-85858354?mc_cid=10c8437edc&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Bursa.ro</a>.</p>
<p>Maib, the largest bank in Moldova, is considering an international expansion with an exclusively digital offer in Romania, focused on the relationship with the diaspora and the subsequent expansion of services on the Romanian consumer market.</p>
<p>Maib has successfully completed a share buyback exercise, acquiring 2.99% of the total shares.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: the company)</em></p>
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Moldova's Maib Reports EUR36M Net Profit In H1/2024, Up 5.6% YoY
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19567/22461630/1/maib.jpg?width=160&height=120"/> Republic of Moldova’s largest lender, MOLDOVA-AGROINDBANK (Maib), ended the January-June 2024 period with net profit of MDL694.3 million (equivalent to EUR36.1 million), up 5.6% year-over-year.
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Moldova's Trans-Oil Group gets EUR 24 mn grant for oilseed processing plant in Romania
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<p>Global Grain International, a Romanian subsidiary of Moldovan agri group Trans-Oil Group controlled by Vaja Jhashi, announced that it has received state aid worth RON 121 million (EUR 24 million) from the Government of Romania through the Investalim grant scheme, according to <a href="https://www.mold-street.com/?go=news&n=18749&mc_cid=7d6d825a05&mc_eid=607bd7d763" rel="noopener" target="_blank">Mold-Street</a>.</p>
<p>According to the group, this significant financial support is essential for the strategic development of the company in Romania.</p>
<p>The money will be used for the construction of an oilseed processing unit.</p>
<p>"The state aid granted will be allocated for the construction of a state-of-the-art processing unit in Ialomița County. This new factory is designed to process up to 300,000 tonnes of soybeans or rapeseed annually, strengthening Romania's agricultural processing capabilities and contributing to the local economy. The total costs for the construction of the processing unit are estimated to reach up to RON 212 million (EUR 42 millon)," according to Trans-Oil.</p>
<p>"This new facility will not only increase our operational capacity but will also bring sustainable economic benefits for Ialomița County and beyond," commented Radu Mușinschi, Trans-Oil Group Country Manager for Romania and Serbia.</p>
<p><em>(Photo: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Evgeniy Salov/ Dreamstime</a>)</em></p>
<p><em>[email protected]</em></p>
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Moldova's agri group Trans-Oil takes over grain, sun oil terminal in Romania's Constanța port
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<p>Trans-Oil Group, Moldova's leading sunflower processor and trader, signed a Share Purchase Agreement (SPA) on October 25 for the acquisition of the Frial Terminal in Romania's Port of Constanța. </p>
<p>The acquisition, facilitated by CEO Vaja Jhashi, aligns with Trans-Oil's strategy to expand its presence in the Black Sea logistics hub, a critical gateway for the region's agri-trade.</p>
<p>"The acquisition of Frial Terminal is a significant step in our strategy to strengthen our footprint in the Port of Constanța and enhance our ability to deliver high-quality goods globally," Jhashi said in a company statement. "We are confident this new addition will help meet the growing demands of our clients and advance our growth objectives in the coming years."</p>
<p>Trans-Oil has indicated plans to significantly expand Frial Terminal's storage capacity, funded by a RON 2.1 million (EUR 420,000) grant awarded by the Romanian Ministry of Transportation in 2023. </p>
<p>Frial, previously controlled by Lebanese businessman Fouad Khayat (63.68%) and Allied Invest Group Corporation SAL (32.64%), is a smaller terminal but saw its turnover more than double to RON 10.6 million (EUR 2 million) in 2023.</p>
<p>Frial Terminal can handle up to 1.5 million tonnes of cereals and 500,000 tonnes of vegetable oil, boosting Trans-Oil's operational capacity and optimising its supply chain. </p>
<p>Subject to approval from the Romanian Competition Council, the transaction is expected to close in Q4 2024.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: Transoilcorp.com)</em></p>
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Moldova's ambassador says presidential elections, referendum on October 20 - the most important since declaration of independence
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The presidential elections and the constitutional referendum on October 20 are the most important democratic elections since the declaration of independence of the Republic of Moldova, the Moldovan ambassador in Bucharest, Victor Chirila, told AGERPRES on Tuesday. <br /><a href='https://www.stiripesurse.ro/moldovas-ambassador-says-presidential-elections-referendum-on-october-20-the-most-important-since-declaration-of-independence_3449451.html'>Citește mai departe...</a>
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Moldova's competition body slaps EUR 25 mln fines on OMV Petrom, Rompetrol and Lukoil
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<p>Moldova's competition body Consiliul Concurentei <a href="https://www.competition.md/libview.php?l=ro&idc=38&id=8307&t=/Presa/Noutati/Consiliul-Concurentei-a-amendat-ase-companii-petroliere-cu-peste-480-milioane-de-lei-pentru-acord-anticoncurential&mc_cid=fa9dc642b6&mc_eid=cd1f92f96c" rel="noopener" target="_blank">announced</a> fines with a total value of MDL 480 million (EUR 25 million) decided in the case of six fuel retailers found to have coordinated the prices charged on the local car fuel retail market during the period investigated (March 2019 to January 2021).</p>
<p>The decision can be appealed within 30 days.</p>
<p>The largest fines were decided in the cases of the major retailers Rompetorl (EUR 10 mln), Lukoil (EUR 9.4 mln), and OMV Petrom (EUR 4 mln). Independent retailers Bemol (EUR 1.5 mln), Tirex (EUR 80,000), and Datorio (EUR 50,000) were also fined.</p>
<p>The six companies have denied any agreement and claimed their decisions were purely based on commercial strategy.</p>
<p>The competition body, however, concluded that "such conduct would have been impossible in the absence of an understanding between the competitors."</p>
<p>The decision is somehow surprising, given that the car fuel prices are regulated in Moldova. Retail fuel prices in the Republic of Moldova are rather strictly controlled by the energy market regulator (ANRE), which sets maximum prices and maximum markups.</p>
<p>On July 1, for instance, ANRE set the maximal prices at MDL 25 per litre for petrol and MDL 21.77 per litre for diesel while at the same time hiking the markup allowed at 3.5%.</p>
<p>"ANRE continues to closely follow the developments at the international oil exchanges and assures consumers of the correctness of the daily calculation of the prices set for fuel," the agency commented.</p>
<p>In a press release quoted by <a href="https://newsmaker.md/rus/novosti/my-obratimsya-v-sud-kompaniya-petrom-nazvala-shtraf-za-kartelnyy-sgovor-neobosnovannym-i-prigrozila-uhodom-iz-moldovy/" rel="noopener" target="_blank">NewsMaker</a>, OMV Petrom stated that it disagrees with the Competition Council's conclusions and intends to appeal the fine in court. In addition, the company questioned the economic feasibility of doing business in Moldova.</p>
<p>The company stated that it strictly complies with legal requirements in the field of competition. </p>
<p>"The company categorically rejects the conclusions of the antimonopoly authority and will apply to the competent court to protect its rights. For 20 years, Petrom Moldova has acted in good faith and has proven itself to be a reliable partner," the company said in a statement. It also called the fine "unreasonable." </p>
<p>"In the conditions of a regulated market, the imposition of an unjustified and disproportionate fine calls into question the economic feasibility of doing business on the Moldovan market," the company warned.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: Competition.md)</em></p>
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Moldova's competition body slaps EUR 25 mln fines on OMV Petrom, Rompetrol and Lukoil
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<p>Moldova's competition body Consiliul Concurentei <a href="https://www.competition.md/libview.php?l=ro&idc=38&id=8307&t=/Presa/Noutati/Consiliul-Concurentei-a-amendat-ase-companii-petroliere-cu-peste-480-milioane-de-lei-pentru-acord-anticoncurential&mc_cid=fa9dc642b6&mc_eid=cd1f92f96c" rel="noopener" target="_blank">announced</a> fines with a total value of MDL 480 million (EUR 25 million) decided in the case of six fuel retailers found to have coordinated the prices charged on the local car fuel retail market during the period investigated (March 2019 to January 2021).</p>
<p>The decision can be appealed within 30 days.</p>
<p>The largest fines were decided in the cases of the major retailers Rompetrol (EUR 10 mln), Lukoil (EUR 9.4 mln), and OMV Petrom (EUR 4 mln). Independent retailers Bemol (EUR 1.5 mln), Tirex (EUR 80,000), and Datorio (EUR 50,000) were also fined.</p>
<p>The six companies have denied any agreement and claimed their decisions were purely based on commercial strategy.</p>
<p>The competition body, however, concluded that "such conduct would have been impossible in the absence of an understanding between the competitors."</p>
<p>The decision is somehow surprising, given that the car fuel prices are regulated in Moldova. Retail fuel prices in the Republic of Moldova are rather strictly controlled by the energy market regulator (ANRE), which sets maximum prices and maximum markups.</p>
<p>On July 1, for instance, ANRE set the maximal prices at MDL 25 per litre for petrol and MDL 21.77 per litre for diesel while at the same time hiking the markup allowed at 3.5%.</p>
<p>"ANRE continues to closely follow the developments at the international oil exchanges and assures consumers of the correctness of the daily calculation of the prices set for fuel," the agency commented.</p>
<p>In a press release quoted by <a href="https://newsmaker.md/rus/novosti/my-obratimsya-v-sud-kompaniya-petrom-nazvala-shtraf-za-kartelnyy-sgovor-neobosnovannym-i-prigrozila-uhodom-iz-moldovy/" rel="noopener" target="_blank">NewsMaker</a>, OMV Petrom stated that it disagrees with the Competition Council's conclusions and intends to appeal the fine in court. In addition, the company questioned the economic feasibility of doing business in Moldova.</p>
<p>The company stated that it strictly complies with legal requirements in the field of competition. </p>
<p>"The company categorically rejects the conclusions of the antimonopoly authority and will apply to the competent court to protect its rights. For 20 years, Petrom Moldova has acted in good faith and has proven itself to be a reliable partner," the company said in a statement. It also called the fine "unreasonable." </p>
<p>"In the conditions of a regulated market, the imposition of an unjustified and disproportionate fine calls into question the economic feasibility of doing business on the Moldovan market," the company warned.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: Competition.md)</em></p>
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Moldova's largest bank maib boasts 15.7% higher profit in 2024
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<p>Maib, the largest bank in Moldova planning to list its shares at the Bucharest Stock Exchange, reported a net profit of MDL 1.4 billion (EUR 73.4 million) for 2024, up 15.7% compared to 2023, despite a narrowing net interest margin driven by lower inflation last year, according to <a href="https://www.zf.ro/burse-fonduri-mutuale/maib-liderul-bancar-moldova-vrea-listare-bursa-bucuresti-raportat-22690137?mc_cid=80cc775a93&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a>.</p>
<p>In the last quarter of 2024, the bank's profit increased by 36.2% y/y, reaching MDL 317.6 million ( EUR 16.5 million). Net interest margin (NIM) reached 4.3% in Q4 0.2 percentage points lower compared to the same quarter of 2023.</p>
<p>"The bank's profit reached over MDL 1.4 billion, marking a significant growth rate of 15.7% y/y. In addition, the bank returned almost MDL 1 billion to shareholders through dividends and a buyback program, reflecting our commitment to delivering shareholder value. A highlight this year was the rapid development of our mobile application, maibank, which has now reached 769 thousand users - a 30% annual growth - thanks to continuous updates. With a full range of banking services and digital onboarding, we redefine convenience. Also in 2024, we successfully raised MDL 565 million under our second corporate bond program and entered into new partnerships with the EBRD and EIB," said Giorgi Shagidze, CEO of maib.</p>
<p>The number of maib bank users exceeded 769,000, up 30% from the previous year. Of total retail loans, 74% are now initiated online, compared to 75% for deposits.</p>
<p>The total value of the bank's loans reached MDL 30.3 billion (EUR1.6 billion) at the end of 2024, up 28.1% y/y. Thus, the market share of MAIB loans reached 37.9%, up 0.5 percentage points.</p>
<p>The bank's ROE reached 18% in 2024, up 0.9pp y/y. </p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: the company)</em></p>
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Moldova's president Maia Sandu points to capital flowing to Romania
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<p>Moldovan president Maia Sandu has acknowledged that some local entrepreneurs are transferring capital to Romania due to its stability as a European Union and NATO member state.</p>
<p>Speaking about the country's economic stagnation in 2024, when GDP grew by only 0.1%, and the technical recession in the second half of the year, Sandu highlighted concerns over regional security and investor confidence, <a href="https://newsmaker.md/ro" rel="noopener" target="_blank">NewsMaker</a> reported.</p>
<p>"It is very difficult to attract foreign investment, and we need foreign investment because, without it, it is impossible to open medium and large enterprises," Sandu said.</p>
<p>She added that local investors are also hesitant to expand production amid uncertainty over the security situation in the region.</p>
<p>Moldova's economy was primarily affected by a weak agricultural sector and the broader impact of the war in Ukraine. According to data from the national statistics bureau, GDP edged up to EUR 16.7 billion in 2024, following contractions of 1.9% year-on-year in the third quarter and 1.3% in the fourth quarter. Agriculture, which accounts for 7.1% of GDP, saw a sharp decline of 19% year-on-year, contributing a negative 1.3 percentage points to overall growth.</p>
<p><em>(Photo: </em><a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Breeze393/ Dreamstime</a><em>)</em></p>
<p><em>[email protected]</em></p>
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Moldova's presidential race: Pro-EU and Russia-friendly candidates face off in crucial runoff
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Moldova's presidential race: Pro-EU and Russia-friendly candidates face off in crucial runoff
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Moldova's presidential race: Pro-EU and Russia-friendly candidates face off in crucial runoff
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Moldovan voters to choose between pro-European incumbent Maia Sandu and challenger Aleksandr Stoianoglo, who favours closer ties with Russia.
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Moldova's presidential runoff threatened by concerns over voter fraud
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Moldova's presidential runoff threatened by concerns over voter fraud
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Moldova's pro-EU authorities survive constitutional referendum
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<p>Moldova's pro-EU authorities narrowly succeeded in having passed the constitutional referendum on the country's European path held on October 20, with significant challenges ahead for president Maia Sandu as she faces a difficult second-round presidential vote.</p>
<p>The referendum, which sought to solidify Moldova's commitment to European Union accession, saw a substantial portion of the electorate - nearly half (49.6%) - voting against EU integration, casting doubt on the country's political trajectory.</p>
<p>Deputy prime minister for European Integration Cristina Gherasimov, speaking to <a href="https://newsmaker.md/rus/novosti/demokratiya-v-moldove-ustoyala-vitse-premer-moldovy-po-evrointegratsii-o-rezultatah-referenduma/" rel="noopener" target="_blank">Newsmaker.md</a>, described the result as a survival of democracy in the face of "Russia's interference and hybrid warfare." Indeed, the outcome was not much more than surviving and far from a firm affirmation of Moldovans' pro-EU orientation.</p>
<p>The near-final results reflect a divided electorate, with a majority of it opting for presidential candidates who hold pro-Russian or ambiguous views on Moldova's future alignment. The outcome underlines the challenges facing Moldova's pro-EU forces, who must contend with a significant portion of the population that remains unconvinced of the benefits of European integration.</p>
<p>For Sandu, who is seeking a second term, the tight referendum results signal a difficult path ahead. Despite receiving the largest share of the vote (42.5%) in the first round of the presidential elections, she lacks significant political allies domestically and is expected to face strong opposition from Alexandr Stoianoglo, her closest rival, who garnered 26%. Stoianoglo, a former chief prosecutor dismissed by Sandu, has drawn considerable support from pro-Russian factions and is likely to be bolstered by votes from other candidates who were eliminated after the first round.</p>
<p>The tight margin in the referendum results presents a risk for Maia Sandu's re-election bid. While the pro-EU amendment appears to have passed, the narrow victory leaves room for the opposition to challenge its legitimacy, potentially mobilising voters against Sandu in the second round of the presidential election. The unexpectedly strong support for Stoianoglo underscores the latent loyalty of Moldova's pro-Russian electorate, many of whom may have been reluctant to express their views openly prior to the vote.</p>
<p>Moreover, the discrepancy between polling data and actual results suggests that the authorities have struggled to engage the Russian-speaking electorate, which remains influenced by Russian media narratives. Discontent over stalled progress on key issues such as anti-corruption efforts has also contributed to the erosion of public support for Sandu and her party, the Action and Solidarity Party (PAS). The government's failure to adequately address these concerns has left it vulnerable to accusations of autocracy and a lack of transparency, with critics suggesting that Sandu's leadership has become increasingly insular.</p>
<p>In a statement on October 21, Maia Sandu acknowledged that "much must be done to fight corruption" but stopped short of admitting any significant policy failures, instead attributing the referendum's narrow outcome to the influence of fugitive oligarch Ilan Shor and Russian meddling. Shor, currently in Moscow, has long been seen as a key player in Russia's attempts to destabilise Moldova's political landscape.</p>
<p>Looking ahead, Sandu's prospects for a second term are far from certain. While she remains the leading candidate, her lack of a vote reserve - a critical factor in Moldovan elections - leaves her vulnerable. Stoianoglo, in contrast, is expected to consolidate support from voters aligned with other candidates, making the second round of the election highly competitive. </p>
<p>The next parliamentary elections, scheduled for 2025, will further test the pro-EU bloc's ability to maintain its influence, as PAS faces an uphill battle to secure a majority without broadening its coalition base.</p>
<p>The referendum result, while a nominal victory for the pro-EU camp, exposes deep divisions within Moldova. The coming weeks will determine whether Maia Sandu can overcome these obstacles and whether Moldova's European aspirations can withstand the growing pressure from pro-Russian forces.</p>
<p><i>[email protected]</i></p>
<p><i>(Photo source: </i><em>Inquam Photos / <a href="https://www.inquamphotos.com/users/octavganea">Octav Ganea</a>)</em></p>
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Moldova, Ukraine, Switzerland: The top 10 fastest-warming countries are all in Europe
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Europe is the fastest-warming continent on Earth. We take a closer look at country-level changes, with insights from experts.
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Moldova-born confectioners and pastry shop chain Dulcinella plans to open factory in Romania
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<p>Dulcinella Romania, a local network of confectioners and pastry shops with Bessarabian roots, plans this year to open a factory in Târgu Neamț where the production activity would be relocated, which would help it reach a turnover of EUR 10 million, up 30% compared to 2024. The plant would have a production area of 4,700 square meters. </p>
<p>To achieve the growth target, the company also aims to grow the network by opening 32 franchise units – to reach 50 units by the end of the year, recruiting people including from Asia, a EUR 200,000 investment in a new ERP system to optimize processes, Big Data consolidation, digitalization and automation, investments in machinery and expanding storage capacity for frozen products.</p>
<p>The expansion of the entire business would require investments of EUR 3 million this year, 70% up y/y.</p>
<p>In 2024, the company achieved a 40% rise in turnover, to EUR 7.1 million, despite reducing the number of confectioners and pastry shops to 18, down 30% compared to 26 locations in 2023.</p>
<p>Dulcinella is a brand created in 2005 in the Republic of Moldova, and since 2021, it has also entered the Romanian market. The company has a network of 18 confectioners and pastry shops (one of which is franchised) in Bucharest, Brasov, Iasi, Suceava, Targu Neamt, Piatra Neamt, Roman and Falticeni.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: the company)</em></p>
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Moldova: Pro-EU Sandu wins presidential runoff
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With nearly 99% of the votes counted, President Maia Sandu had 54.7% of the vote, according to Moldova's electoral authority. Former prosecutor general Alexandr Stoianoglo had attracted 45.3% of the vote in the runoff.
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Moldovan Carmangerie Likely to Start Building Pre-Cooked Food Plant in 2025
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22624693/1/cosmin-moldovan-agropower.png?width=160&height=120"/> Cosmin Moldovan, founder and general manager of Moldovan Carmangerie, an integrated business of Cluj county, says the group currently has two pre-cooked food production units and given the upward trend of the segment he will invest in a new production unit centered exclusively on this type of product.
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Moldovan Carmangerie Likely to Start Building Pre-Cooked Food Plant in 2025
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22624693/1/cosmin-moldovan-agropower.png?width=160&height=120"/> Cosmin Moldovan, founder and general manager of Moldovan Carmangerie, an integrated business of Cluj county, says the group currently has two pre-cooked food production units and given the upward trend of the segment he will invest in a new production unit centered exclusively on this type of product.
<br/><br/><a href="https://core.adservingfactory.com/click?spgid=0&__x1ts=&pub=62&site=4268§ion=0&zone=2008&size=0x0&__x1cguid=831">
<img src="https://core.adservingfactory.com/ad?__x1ns=1&spgid=0&pub=632203491294404&site=rss.zf§ion=site&zone=RSS_feed&size=300x250&__x1cguid=831" border="0" alt=""/>
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Moldovan Carmangerie Likely to Start Building Pre-Cooked Food Plant in 2025
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22624693/1/cosmin-moldovan-agropower.png?width=160&height=120"/> Cosmin Moldovan, founder and general manager of Moldovan Carmangerie, an integrated business of Cluj county, says the group currently has two pre-cooked food production units and given the upward trend of the segment he will invest in a new production unit centered exclusively on this type of product.
<br/><br/><a href="https://core.adservingfactory.com/click?spgid=0&__x1ts=&pub=62&site=4268§ion=0&zone=2008&size=0x0&__x1cguid=929">
<img src="https://core.adservingfactory.com/ad?__x1ns=1&spgid=0&pub=632203491294404&site=rss.zf§ion=site&zone=RSS_feed&size=300x250&__x1cguid=929" border="0" alt=""/>
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Moldovan Carmangerie Reaches EUR22.5M Turnover in 2024, Up 5% YOY
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22704047/1/foto-1.jpg?width=160&height=120"/> Moldovan Carmangerie, operating in the meat industry, controlled by Moldovan family of Cluj, last year generated turnover worth RON112.7 million (around EUR22.5 million), up 5% from 2023.
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<img src="https://core.adservingfactory.com/ad?__x1ns=1&spgid=0&pub=632203491294404&site=rss.zf§ion=site&zone=RSS_feed&size=300x250&__x1cguid=194" border="0" alt=""/>
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Moldovan Carmangerie Returns to Profit in 2023
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22531551/1/foto-1.jpg?width=160&height=120"/> Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, for 2023 reported turnover worth RON107.3 million (EUR21.7 million), up 2.3% from 2022, in line with ZF calculations based on Finance Ministry data.
<br/><br/><a href="https://core.adservingfactory.com/click?spgid=0&__x1ts=&pub=62&site=4268§ion=0&zone=2008&size=0x0&__x1cguid=264">
<img src="https://core.adservingfactory.com/ad?__x1ns=1&spgid=0&pub=632203491294404&site=rss.zf§ion=site&zone=RSS_feed&size=300x250&__x1cguid=264" border="0" alt=""/>
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Moldovan Carmangerie Returns to Profit in 2023
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22531551/1/foto-1.jpg?width=160&height=120"/> Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, for 2023 reported turnover worth RON107.3 million (EUR21.7 million), up 2.3% from 2022, in line with ZF calculations based on Finance Ministry data.
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<img src="https://core.adservingfactory.com/ad?__x1ns=1&spgid=0&pub=632203491294404&site=rss.zf§ion=site&zone=RSS_feed&size=300x250&__x1cguid=385" border="0" alt=""/>
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Moldovan Carmangerie Returns to Profit in 2023
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22531551/1/foto-1.jpg?width=160&height=120"/> Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, for 2023 reported turnover worth RON107.3 million (EUR21.7 million), up 2.3% from 2022, in line with ZF calculations based on Finance Ministry data.
<br/><br/><a href="https://core.adservingfactory.com/click?spgid=0&__x1ts=&pub=62&site=4268§ion=0&zone=2008&size=0x0&__x1cguid=418">
<img src="https://core.adservingfactory.com/ad?__x1ns=1&spgid=0&pub=632203491294404&site=rss.zf§ion=site&zone=RSS_feed&size=300x250&__x1cguid=418" border="0" alt=""/>
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Moldovan Carmangerie Seeks to Hire 36 People at Sannicoara Plant
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22587641/1/foto-1.jpg?width=160&height=120"/> Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, currently has 36 jobs available for the production unit of Sannicoara locality, Cluj county.
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<img src="https://core.adservingfactory.com/ad?__x1ns=1&spgid=0&pub=632203491294404&site=rss.zf§ion=site&zone=RSS_feed&size=300x250&__x1cguid=231" border="0" alt=""/>
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Moldovan ForMin Popsoi says Russia further seeks to create social, economic, informational chaos in Moldova
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Russia further seeks to create social, economic and informational chaos in the Republic of Moldova, in order to influence future parliamentary elections, Moldovan Foreign Affairs Minister Mihai Popsoi stated on Friday, in Chernivtsi. <br /><a href='https://www.stiripesurse.ro/moldovan-formin-popsoi-says-russia-further-seeks-to-create-social-economic-informational-chaos-in-moldova_3784104.html'>Citește mai departe...</a>
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Moldovan PM sacks minister, other officials and calls state of emergency in energy sector
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<p>Moldova’s prime minister Dorin Recean sacked minister of energy Victor Parlicov, head of state-owned energy trade Energocom Victor Binzan, and state’s representative in the Supervisory Board of Moldovagaz Sergiu Tofilat, whom he accused of failure to secure the necessary natural gas deposits ahead of the winter.</p>
<p>PM Recean sent lawmakers a request to introduce a state of emergency from December 16 until the “situation regarding the natural gas supply, including that of the Moldovans in Transnistria, is settled," <a href="https://www.deschide.md/articole/news-alert-dorin-recean-merge-in-parlament-cere-instituirea-starii-de-urgenta-in-energetica?mc_cid=2e2b1ac90e&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Deschide.md</a> reported.</p>
<p>The move was broadly seen as a way to address public discontent for the recent 27.5% natural gas price and possible other problems in the energy system that are likely to follow if Gazprom fails to reroute its deliveries to Moldova, so far sent through Ukraine, through Turkey. </p>
<p>The price hike asked by natural gas supply company Moldovagaz was necessary because of the higher prices paid for the gas purchased in October and November after the company had insufficient funds to accumulate gas reserves in advance during the summer period, head of the company Vasile Ceban explained. He kept his seat, as Moldovagaz is controlled by Gazprom and is not under direct control of the government.</p>
<p>Supplying separatist region Transnistria with natural gas, and thus the entire country with electricity, remains a hot potato in the hands of the government in Chisinau, and no procurement of natural gas in advance would have fully addressed the risk of further energy price hikes and possible energy scarcity. At most, such massive stocks would have allowed central authorities to deliver free gas to Transnistria instead of Gazprom at a cost estimated at USD 400 million – a tough political decision that PM Recean never addressed. </p>
<p>Minister for reintegration Oleg Serebrian, responsible for the relation with Transnistria, said that the central authorities are ready to supply the residents in Transnistria with gas – but at the same prices paid by all the other residents in the country. So far, the residents of the separatist, pro-Russian region of Transnistria are paying preferential prices since Transnistria is not paying the gas bill to Gazprom.</p>
<p>According to representatives of natural gas supply company Moldovagaz, controlled by Gazprom, there are gas amounts contracted to cover 80% of this winter’s necessary – meaning for the months of December and January, and the company is organizing auctions to buy the rest of the necessary. But the higher prices paid at this moment would push up the prices.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: </em><meta charset="UTF-8" /><em>Inquam Photos / <a href="https://www.inquamphotos.com/users/elenacovalenco">Elena Covalenco</a>)</em></p>
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Moldovan PM sacks minister, other officials and calls state of emergency in energy sector
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<p>Moldova’s prime minister Dorin Recean sacked minister of energy Victor Parlicov, head of state-owned energy trade Energocom Victor Binzan, and state’s representative in the Supervisory Board of Moldovagaz Sergiu Tofilat, whom he accused of failure to secure the necessary natural gas deposits ahead of the winter.</p>
<p>PM Recean sent lawmakers a request to introduce a state of emergency from December 16 until the “situation regarding the natural gas supply, including that of the Moldovans in Transnistria, is settled," <a href="https://www.deschide.md/articole/news-alert-dorin-recean-merge-in-parlament-cere-instituirea-starii-de-urgenta-in-energetica?mc_cid=2e2b1ac90e&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Deschide.md</a> reported.</p>
<p>The move was broadly seen as a way to address public discontent for the recent 27.5% natural gas price and possible other problems in the energy system that are likely to follow if Gazprom fails to reroute its deliveries to Moldova, so far sent through Ukraine, through Turkey. </p>
<p>The price hike asked by natural gas supply company Moldovagaz was necessary because of the higher prices paid for the gas purchased in October and November after the company had insufficient funds to accumulate gas reserves in advance during the summer period, head of the company Vasile Ceban explained. He kept his seat, as Moldovagaz is controlled by Gazprom and is not under direct control of the government.</p>
<p>Supplying separatist region Transnistria with natural gas, and thus the entire country with electricity, remains a hot potato in the hands of the government in Chisinau, and no procurement of natural gas in advance would have fully addressed the risk of further energy price hikes and possible energy scarcity. At most, such massive stocks would have allowed central authorities to deliver free gas to Transnistria instead of Gazprom at a cost estimated at USD 400 million – a tough political decision that PM Recean never addressed. </p>
<p>Minister for reintegration Oleg Serebrian, responsible for the relation with Transnistria, said that the central authorities are ready to supply the residents in Transnistria with gas – but at the same prices paid by all the other residents in the country. So far, the residents of the separatist, pro-Russian region of Transnistria are paying preferential prices since Transnistria is not paying the gas bill to Gazprom.</p>
<p>According to representatives of natural gas supply company Moldovagaz, controlled by Gazprom, there are gas amounts contracted to cover 80% of this winter’s necessary – meaning for the months of December and January, and the company is organizing auctions to buy the rest of the necessary. But the higher prices paid at this moment would push up the prices.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: Sasa Maricic/Dreamstime.com)</em></p>
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Moldovan Parliament's Igor Grosu says Moldova to never be isolated again, after Prut bridge signing
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AGERPRES special corespondent Cristian Lupascu reports: The Republic of Moldova will never be isolated again, declared on Friday the President of the Parliament in Chisinau, Igor Grosu, after signing the contract on the design and construction of the bridge over the Prut, between Iasi and <br /><a href='https://www.stiripesurse.ro/moldovan-parliaments-igor-grosu-says-moldova-to-never-be-isolated-again-after-prut-bridge-signing_3445711.html'>Citește mai departe...</a>
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Moldovan Police explain how Russia meddled in recent polls
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The Moldovan Police have outlined how hundreds of thousands of votes were bought — with massive support from Russia — in the run-up to the country's recent presidential election and EU referendum.
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Moldovan President Sandu:Romanian language - the strongest bridge between the two banks of the Prut
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Moldovan President Sandu:Romanian language - the strongest bridge between the two banks of the Prut
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Moldovan Wine Festival awaiting guests for a full-flavored experience this September
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Romania is the main export market for Republic of Moldova wines, with the neighboring country's market share standing at 20%, as almost 70 Moldovan wineries are doing business on the local market, informs Agerpres. <br /><a href='https://www.stiripesurse.ro/moldovan-wine-festival-awaiting-guests-for-a-full-flavored-experience-this-september_3801092.html'>Citește mai departe...</a>
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Moldovan leader Maia Sandu travels to Bucharest to endorse Elena Lasconi in presidential runoff
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<p>Moldovan president Maia Sandu visited Bucharest on Thursday, December 5, to publicly endorse USR leader Elena Lasconi ahead of the second round of Romania’s presidential elections on December 8. In a message also shared on social media, Sandu expressed her belief that Lasconi embodies the courage and authenticity needed to lead Romania.</p>
<p>“I will vote for Elena Lasconi because she is authentic, and I feel her love for Romania,” Sandu said.</p>
<p>She emphasized the dangers of fear and division, urging Romanians to support a leader who can unite the nation and uphold democratic values.</p>
<p>Also, Maia Sandu highlighted Romania’s role as a model for Moldova, praising its progress within the European Union. She reaffirmed her trust in Elena Lasconi to continue strengthening ties between the two nations, supporting Moldova’s aspirations for EU membership.</p>
<p>“I know that Elena Lasconi will not abandon the relationship with the Republic of Moldova; on the contrary, she will continue the work we have started together. We have many beautiful projects to accomplish. Our shared destiny lies in the free world - prosperity, stability, and development brought by belonging to the European Union,” Maia Sandu said.</p>
<p>“So, for me and for many others, our peaceful and prosperous future lies with a “YES” for Elena Lasconi!” - the Moldovan leader concluded.</p>
<p><iframe allow="autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share" allowfullscreen="true" frameborder="0" height="793" scrolling="no" src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fmaia.sandu%2Fposts%2Fpfbid02CQjnmHJFP72RZ5iZSuq9KaUwxFKHuvpwSp3P5whzSUn4wTixqX7YG6og2zsyUFc8l&show_text=true&width=500" style="border:none;overflow:hidden" width="500"></iframe></p>
<p>Maia Sandu, who made a name for herself as a pro-EU leader, won a second term after defeating moderate pro-Russian rival Alexandr Stoianoglo at a significant margin of nearly 10% during a heated second round last month.</p>
<p>Elena Lasconi, the leader of the reformist party Save Romania Union (USR), is running against ultranationalist independent candidate Călin Georgescu in the second round of the presidential elections.</p>
<p><i>[email protected]</i></p>
<p><i>(Photo source: Facebook/Maia Sandu)</i></p>
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Moldovan officials accuse Kremlin of bribing voters ahead of EU membership referendum
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Moldovan officials accuse Kremlin of bribing voters ahead of EU membership referendum
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Moldovan officials accuse Kremlin of bribing voters ahead of EU membership referendum
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National police chief Viorel Cernautanu revealed that over 130,000 Moldovans were bribed by a Russian network to promote pro-Kremlin candidates, raising concerns about malign influence.
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Moldovan police explain how Russia meddled in recent polls
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Police in Moldova have outlined how hundreds of thousands of votes were bought — with massive support from Russia — in the run-up to the country's recent presidential election and EU referendum.
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Moldovan president Maia Sandu donates EUR 100,000 award to development projects in her hometown
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<p>Moldovan president Maia Sandu received the Reinhard Mohn Prize 2025 on Thursday, February 20, and announced that she will be donating it to development projects in her hometown, Risipeni, in Fălești district.</p>
<p>The award, given by the Bertelsmann Foundation, recognized Sandu’s efforts to strengthen democracy, promote the rule of law, and modernize Moldova. The small country to the east of Romania, once part of the USSR, recently decided in <a href="https://www.romania-insider.com/moldova-referendum-presidential-elections-october-2024">a referendum</a> to continue on the path to EU accession.</p>
<p>During the ceremony in Gütersloh, attended by the president of Germany, Frank-Walter Steinmeier, Maia Sandu emphasized that the award is not only a recognition of her work but also a tribute to the citizens of the Republic of Moldova who, through their constant efforts, contribute to building a free, prosperous, and democratic country. </p>
<p>"Every day, Moldovans work for a stronger, freer, and more democratic Moldova. Their efforts are also recognized by international partners. This award is about people and communities, about the courage to believe in a better future. That is why I have decided to donate the prize money to development projects in my hometown, Risipeni," stated president Maia Sandu, cited by <a href="https://www.ziarulnational.md/maia-sandu-doneaza-premiul-international-obtinut-pentru-dezvoltarea-satului-natal-risipeni/">ZiarulNationalMD</a>.</p>
<p>The German president added that "Moldova is a small country with a big heart, and the determination and courage of president Maia Sandu are appreciated globally. Germany will continue to support Moldova on its path to European integration."</p>
<p>The award was also given to German entrepreneur Michael Otto, recognized for his contributions to environmental protection and social responsibility. In 1993, he founded the Michael Otto Foundation for Environmental Protection, which promotes dialogue and projects related to environmental issues. </p>
<p>The Bertelsmann Foundation, based in Gütersloh, Germany, is a non-profit organization founded in 1977 by Reinhard Mohn. It develops research projects, innovative solutions, and supports democratic reforms.</p>
<p>The prize has been awarded since 2011, every two years, for innovative solutions to current social and political challenges. Previous laureates include former German president Joachim Gauck, former Estonian president Toomas Hendrik Ilves, former Bundestag president Rita Süssmuth, and former UN Secretary-General Kofi Annan.</p>
<p><em><a href="mailto:[email protected]">[email protected]</a></em></p>
<p><em>(Photo source: Maia Sandu on Facebook)</em></p>
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Moldovans and Ukrainians remain hopeful over potential EU membership
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After Brussels recently opened negotiations with the two Eastern European countries keen to join the EU, Moldovans and Ukrainians alike hope for a quick transition that would allow them to join the greater European family.
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Moldovans choose president in decisive runoff against backdrop of voter fraud concerns
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Moldovans choose president in decisive runoff against backdrop of voter fraud concerns
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Moldovans choose president in decisive runoff against backdrop of voter fraud concerns
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Voters are choosing between pro-European incumbent Maia Sandu and challenger Alexandr Stoianoglo, who favours closer ties with Russia.
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Moldovans in Transnistria adjust to life without Russian gas
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Russia halted gas deliveries to the pro-Russian separatist region of Transnistria in Moldova on January 1. People living there are now really feeling the cold.
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Moldova’s Fagura Completes Talks for New EUR1.1M Funding Round
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22569134/1/11-tudor.jpg?width=160&height=120"/> Fagura, a fintech set up in the Republic of Moldova that has also expanded on Romania’s market, with ambitions to further grow internationally, has completed talks for a EUR1.1 million funding round.
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Moldova’s Maib Proposes RON200M Worth of Dividends
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19567/22401998/1/moldova-agroindbank.jpg?width=160&height=120"/> Maib, the main lending institution of the Republic of Moldova, plans to distribute dividends worth MDL 757 million (around RON200 million) from the net results registered in 2021-2023.
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Moldova’s Maib Reports Net Profit of almost EUR57M for Jan-Sept 2024, Up 11% YOY
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19567/22543204/1/maib-bank-sediu.jpg?width=160&height=120"/> Republic of Moldova’s largest lender Maib ended the first nine months of 2024 with net profit worth MDL 1,095 million, the equivalent of EUR56.9 million, up 10.9% from the year-earlier period.
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Moldova’s largest bank reports rising earnings as it prepares to list shares in Bucharest
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<p>Moldova's largest financial group Moldova Agroind Bank (maib) which plans to list its shares at Bucharest Exchange, reported its net profit increased by 50% q/q but only 2.3% y/y to MDL 349 million (EUR 18.1 million) in Q1. </p>
<p>The bank’s listing depends on legislative amendments in Moldova related to the mandatory disclosure of shareholders that turned particularly restrictive after the bank frauds that surfaced in 2015.</p>
<p>The bank's net interest income increased by 4.6% compared to the fourth quarter of 2023, as the net interest margin stabilized and the bank's loan portfolio grew significantly.</p>
<p>“Our bank's earnings are growing as net interest margins have stabilized. We see encouraging signs of recovery in consumer and mortgage lending. One of the highlights of the first quarter was the signing of a €50mn loan with the European Investment Bank. It will allow us to attract a stable long-term source of financing for business support,” commented the Chairman of the Bank's Management Board, Giorgi Shagidze, quoted by <a href="https://www.zf.ro/burse-fonduri-mutuale/bursa-maib-cea-mai-mare-banca-din-republica-moldova-incheie-primul-22379582?mc_cid=3a182b1beb&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a>.</p>
<p>The bank earned MDL 1.2 billion of profit in 2023, achieving a return on equity (ROE) of 17%. Return on assets amounted to 2.6%. </p>
<p>This year, the bank intends to implement the decision approved by the shareholders to use part of the profit (MDL 240-250 million) for share buyback.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: the company)</em></p>
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Moldova’s largest bank reports rising earnings as it prepares to list shares in Bucharest
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<p>Moldova's largest financial group, Moldova Agroind Bank (maib), which plans to list its shares at Bucharest Exchange, reported its net profit increased by 50% y/y to MDL 349 million (EUR 18.1 million) in Q1. </p>
<p>The bank’s listing depends on legislative amendments in Moldova related to the mandatory disclosure of shareholders that turned particularly restrictive after the bank frauds that surfaced in 2015.</p>
<p>The bank's net interest income increased by 4.6% compared to the fourth quarter of 2023, as the net interest margin stabilized and the bank's loan portfolio grew significantly.</p>
<p>“Our bank's earnings are growing as net interest margins have stabilized. We see encouraging signs of recovery in consumer and mortgage lending. One of the highlights of the first quarter was the signing of a €50mn loan with the European Investment Bank. It will allow us to attract a stable long-term source of financing for business support,” commented the Chairman of the Bank's Management Board, Giorgi Shagidze, quoted by <a href="https://www.zf.ro/burse-fonduri-mutuale/bursa-maib-cea-mai-mare-banca-din-republica-moldova-incheie-primul-22379582?mc_cid=3a182b1beb&mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a>.</p>
<p>The bank earned MDL 1.2 billion of profit in 2023, achieving a return on equity (ROE) of 17%. Return on assets amounted to 2.6%. </p>
<p>This year, the bank intends to implement the decision approved by the shareholders to use part of the profit (MDL 240-250 million) for share buyback.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: the company)</em></p>
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Moldova’s pro-EU president Maia Sandu wins second term
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<p>The pro-EU president of Moldova, <strong>Maia Sandu</strong>, won a second term after defeating moderate pro-Russian rival Alexandr Stoianoglo at a significant margin of nearly 10 percentage points during a heated second round that brought almost 55% of the voters to the polling stations, according to the preliminary results announced by the central electoral commission after the counting of the votes from 98.7% of the polling stations.</p>
<p>The voting was marked by events as pro-Russian groups controlled by fugitive oligarch Ilan Shor attended to disrupt the voting process in the pro-EU diaspora while organizing the voting process in regions populated by the pro-Russian electorate. </p>
<p>Both sides engaged in rather unorthodox practices, as Moldova organized only two voting stations in Russia - both in the same building. In response, Shor organized air transportation for Moldovan voters from Russia to Belarus, Turkey, and possibly the United Arab Emirates, where the voting ballots were insufficient, although they were twice as many as the number of voters in the first round.</p>
<p>Stoianoglo received nearly 52% of the votes in Moldova, but 82% of the Moldovans living abroad backed president Sandu. In total, over 300,000 votes came from abroad out of the total number of 1.65 million votes expressed.</p>
<p>In a first reaction after the results, Maia Sandu thanked the voters and sent a message of unity, saying they saved Moldova and gave a lesson in democracy. "Freedom, truth, and justice won. Moldova managed to show its will and power through the vote of each of us," she stated, as reported by <a href="https://www.news.ro/externe/maia-sandu-emotionata-ramasa-aproape-voce-face-declaratii-romana-rusa-dupa-confirmarea-victoriei-alegeri-moldova-invingatoare-dragi-moldoveni-ati-oferit-lectie-democratie-diaspora-uimitoare-video-1922400204002024110121824197" rel="noopener" target="_blank">News.ro</a>.</p>
<p><em>[email protected]</em></p>
<p><em>(Photo source: </em><meta charset="UTF-8" /><em>Inquam Photos / <a href="https://www.inquamphotos.com/users/elenacovalenco">Elena Covalenco</a>)</em></p>
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Moment Gaza hospital struck by Israeli airstrikes
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Images captured the moment Israeli strikes hit Nasser Hospital in southern Gaza on Monday, killing 20 people, including five journalists.
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Monaco Yacht Show 2024: A celebration of the world’s finest yachts and ultra-luxury
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Monaco Yacht Show has made its return to the idyllic Port Hercule to showcase some of the world’s finest superyachts and luxury vessels.
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Monday's earthquake in Buzau county is part of normal seismic activity of Vrancea area (specialist)
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The earthquake that occurred on Monday afternoon, with a magnitude of 5.4 on Richter scale, is part of the normal seismic activity of the Vrancea area, where such an earthquake can occur every two years, Constantin Ionescu, general director of the National Research and Development Institute for <br /><a href='https://www.stiripesurse.ro/mondays-earthquake-in-buzau-county-is-part-of-normal-seismic-activity-of-vrancea-area-specialist_3435167.html'>Citește mai departe...</a>
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Mondelez Clinceni Plant Exports to 28 Countries
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22522007/1/7-alexandros-michalatos-mondelez.jpg?width=160&height=120"/> Mondelez, the snacks industry giant including brands such as Milka, TUC, Oreo and Chipita in its portfolio, has invested around EUR30 million in Romania operations since 2022.
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Mondelez Clinceni Plant Exports to 28 Countries
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22522007/1/7-alexandros-michalatos-mondelez.jpg?width=160&height=120"/> Mondelez, the snacks industry giant including brands such as Milka, TUC, Oreo and Chipita in its portfolio, has invested around EUR30 million in Romania operations since 2022.
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Money matters under scrutiny, Newsletter
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Money matters under scrutiny, Newsletter
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Money matters under scrutiny, Newsletter
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This week's key events presented by Euronews' finance reporter Paula Soler
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Moneycorp: Romania’s Exports Could Overshoot EUR100M Mark In 2024
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19566/22432474/1/10-buget-calcule-ss.jpg?width=160&height=120"/> Romania’s exports could overshoot the EUR100 billion mark this year, with Germany, Italy, Poland, Slovakia, Czech Republic and Hungary being the main destinations for Romanian products, shows an analysis by Moneycorp Romania.
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Moneycorp: Romania’s Exports Could Overshoot EUR100M Mark In 2024
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19566/22432474/1/10-buget-calcule-ss.jpg?width=160&height=120"/> Romania’s exports could overshoot the EUR100 billion mark this year, with Germany, Italy, Poland, Slovakia, Czech Republic and Hungary being the main destinations for Romanian products, shows an analysis by Moneycorp Romania.
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Moneycorp: Romania’s Exports Could Overshoot EUR100M Mark In 2024
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19566/22432474/1/10-buget-calcule-ss.jpg?width=160&height=120"/> Romania’s exports could overshoot the EUR100 billion mark this year, with Germany, Italy, Poland, Slovakia, Czech Republic and Hungary being the main destinations for Romanian products, shows an analysis by Moneycorp Romania.
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Mongolia declines to arrest Vladimir Putin during his visit despite ICC warrant
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Members of the International Criminal Court are treaty bound to detain suspects if an arrest warrant has been issued, but the court doesn’t have any enforcement mechanism.
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Monica Niculescu and Cristina Bucsa qualify for quarterfinals of doubles event in Tokyo
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The Romanian-Spanish pair Monica Niculescu/Cristina Bucsa qualified, on Tuesday, for the quarterfinals of the doubles event of the WTA 500 tennis tournament in Tokyo, with total prizes of 922,573 dollars, after 4- 6, 6-4, 10-8 with the couple Tereza Mihalikova (Slovakia)/Olivia Nicholls (Great <br /><a href='https://www.stiripesurse.ro/monica-niculescu-and-cristina-bucsa-qualify-for-quarterfinals-of-doubles-event-in-tokyo_3470547.html'>Citește mai departe...</a>
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Monica Niculescu and Cristina Bucsa through to Internationaux de Strasbourg doubles semifinals
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The pairing of Romanian Monica Niculescu and Spaniard Cristina Bucsa advanced on Wednesday to the semifinals of the doubles event of the WTA 500 Internationaux de Strasbourg tennis tournament, featuring EUR 802,237 in prize money, after defeating the all-American duo Ashlyn Kruger / Sloane <br /><a href='https://www.stiripesurse.ro/monica-niculescu-and-cristina-bucsa-through-to-internationaux-de-strasbourg-doubles-semifinals_3327687.html'>Citește mai departe...</a>
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Monica Niculescu and Hanyu Guo qualify for Monterrey doubles' final (WTA)
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Romanian-Chinese pair Monica Niculescu/Hanyu Guo qualified on Friday for the doubles' final of the WTA 500 tennis tournament in Monterrey (Mexico), with total prize money worth 922,573 dollars, after defeating the couple Tereza Mihalikova (Slovakia)/Olivia Nicholls (UK), 4-6, 7-6 (7/3), 10-4, <br /><a href='https://www.stiripesurse.ro/monica-niculescu-and-hanyu-guo-qualify-for-monterrey-doubles-final-wta_3414203.html'>Citește mai departe...</a>
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Monica Niculescu, Gabriela Ruse qualify for final of the doubles event in Hong Kong
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The Romanian pair Monica Niculescu/Gabriela Ruse on Saturday qualified for the doubles final of the WTA 125 tennis tournament in Hong Kong, equipped with total prizes of 115,000 US dollars, after defeating, 6-2 , 6-7 (2/7), 10-4, the pair Ulrikke Eikeri (Norway)/Fang-Hsien Wu (Taiwan), Agerpres <br /><a href='https://www.stiripesurse.ro/monica-niculescu-gabriela-ruse-qualify-for-final-of-the-doubles-event-in-hong-kong_3453191.html'>Citește mai departe...</a>
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Monica Niculescu, partnering Hanyu Guo, moves to Monterrey Open doubles semifinal
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The Romanian-Chinese pairing of Monica Niculescu and Hanyu Guo moved on Thursday to the semifinals of the doubles event of the WTA 500 Monterrey Open (Mexico), featuring a prize purse of $922,573, after defeating the duo Ulrikke Eikeri (Norway)- Aldila Sutjiadi (Indonesia) 6-4, 5-7, 10-3. <br /><a href='https://www.stiripesurse.ro/monica-niculescu-partnering-hanyu-guo-moves-to-monterrey-open-doubles-semifinal_3412475.html'>Citește mai departe...</a>
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Monica Tamaș appointed GM of Unilever Romania and Moldova
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<p><strong>Monica Tamaș</strong> has been appointed general manager of Unilever Romania and Moldova beginning January 2025.</p>
<p>She will oversee the local strategy and investment initiatives "aimed at optimizing Unilever's performance within the Home Care, Beauty and Personal Care, and Nutrition sectors across Romania and Moldova."</p>
<p>Tamaș joined Unilever Romania in 2013, following roles in leading FMCG companies. After spending eight years at Unilever South Central Europe, she assumed regional responsibilities in the Home Care division as East Europe Category Lead. She later advanced to Chief Marketing Officer for East Europe and the DACH region. Most recently, she led the Home Care operations for Germany, Austria, and Switzerland.</p>
<p>"Unilever maintains a strong presence in the Romanian and Moldovan markets, and I firmly believe in the exceptional potential for growth. My aim is to work closely with the team to create greater value for our consumers and partners through investments in innovation, high-quality brands, and premium products," Tamaș said.</p>
<p>In Romania and Moldova, Unilever operates in the food, personal care, and home care sectors through Unilever South Central Europe and Unilever Romania.</p>
<p><em>(Photo: the company)</em></p>
<p><em>[email protected]</em></p>
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Monopoly: The story of a stolen game
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Buying real estate and driving other players into bankruptcy — that's how the world-famous board game Monopoly works. But its creator had a different mission: She dreamed of a world in which equality prevailed.
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Monsson Gets DNV Certification for Constanta BESS
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19652/22876702/1/baterie-parc-galbiori-monsson.jpg?width=160&height=120"/> Monsson, the most powerful green energy developer of the first renewable energy wave, announced its battery energy storage system (BESS), installed in Galbiori commune, Constanta county, has obtained the safety compliance certification, meeting international standard IEC 62933-5-2:2020 and the DNV-EESS:2023-08 methodology for grid-connected electrochemical energy storage.
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Monsson Gets DNV Certification for Constanta BESS
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19652/22876702/1/baterie-parc-galbiori-monsson.jpg?width=160&height=120"/> Monsson, the most powerful green energy developer of the first renewable energy wave, announced its battery energy storage system (BESS), installed in Galbiori commune, Constanta county, has obtained the safety compliance certification, meeting international standard IEC 62933-5-2:2020 and the DNV-EESS:2023-08 methodology for grid-connected electrochemical energy storage.
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Monsson Gets DNV Certification for Constanta BESS
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<img src="http://storage0.dms.mpinteractiv.ro/media/401/1561/19652/22876702/1/baterie-parc-galbiori-monsson.jpg?width=160&height=120"/> Monsson, the most powerful green energy developer of the first renewable energy wave, announced its battery energy storage system (BESS), installed in Galbiori commune, Constanta county, has obtained the safety compliance certification, meeting international standard IEC 62933-5-2:2020 and the DNV-EESS:2023-08 methodology for grid-connected electrochemical energy storage.
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Monsson completed the sale of a 61 MW photovoltaic park to Nala Renewables
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Monsson, the largest developer of renewable energy projects in Romania, has announced the sale of a new photovoltaic project ready to connect to the grid in 2025. In June, Monsson and Nala Renewables successfully concluded a transaction for a 61 […]
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Monsson obtains DNV certification for its Battery Energy Storage System in Constanta
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Monsson announces that its Battery Energy Storage System (BESS), installed in the commune of Galbiori, Constanta County, has successfully obtained safety compliance certification in accordance with the international standard IEC 62933-5-2:2020 and the DNV-EESS:2023-08 methodology for grid-connected electrochemical energy storage systems. The certification was issued by DNV, one of the world’s leading certification body for […]
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Monsson plans 1,500MWh power storage capacities in Romania by 2030
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<p>Monsson Group, controlled by the Romanian-Swedish businessman Emanuel Muntmark, announced plans to invest in power storage capacities of around 1,500MWh by 2030. </p>
<p>The total investments are estimated at over EUR 525 million.</p>
<p>"We are developing an energy storage portfolio of 1,500 MWh at the level of 2030, with an installation target of around 200 MWh per year. At the moment, we have 260 MWh storage projects under construction", Sebastian Enache, head of M&A at Monsson, said, quoted by <a href="https://www.zf.ro/companii/emanuel-muntmark-cel-influent-investitor-industria-regenerabila-22458555?mc_cid=1a57168efe&mc_eid=607bd7d763">Ziarul Financiar</a>. </p>
<p>The projects will be carried out on their own or in partnership with other investors.</p>
<p>At the beginning of April, Monsson announced that together with Prime Batteries, a company founded by the entrepreneur Adrian Polec, put into operation the largest electricity storage capacity in Romania, part of the first photovoltaic-wind-battery hybrid project in within the Mireasa wind farm. The new storage unit, with an installed capacity of 24 MWh, was built in Constanța county by Monsson.</p>
<p><em>(Photo: Monsson)</em></p>
<p><em>[email protected]</em></p>
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Monsson sold a 50 MW photovoltaic park with storage to NEPI Rockastle
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Monsson has successfully transferred 100% of the social shares of a 50MW park located in the Chisinau-Cris area of Arad County. The project is fully licensed, and NEPI Rockcastle is scheduled to start construction in January 2025. “We are happy […]
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Montana Supreme Court locks horns with Republicans over landmark climate ruling
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Montana Supreme Court locks horns with Republicans over landmark climate ruling
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Montenegrin PM proposes country-wide gun ban after 12 die in shooting spree
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Montenegrin PM proposes country-wide gun ban after 12 die in shooting spree
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Montenegrin President Jakov Milatović touts Nato membership for Ukraine
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Montenegrin President Jakov Milatović touts Nato membership for Ukraine
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Montenegrin President warns of snares in faulty EU accession outcomes
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In a commentary piece for Euronews the Montenegrin President outlined four potential outcomes for EU accession processes, some with hidden dangers.
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Montenegrin President warns of snares in faulty EU accession outcomes
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Montenegrin President warns of snares in faulty EU accession outcomes
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Montenegrin officials discuss curbs to illegal guns after 12 killed in mass shooting
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Montenegrin officials discuss curbs to illegal guns after 12 killed in mass shooting
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Montenegrins demand top security officials resign after 12 killed in mass shooting
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Montenegrins demand top security officials resign after 12 killed in mass shooting
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Montenegro aims to become 28th EU member state by 2028, President Milatović says
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Montenegro aims to become 28th EU member state by 2028, President Milatović says
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Montenegro census results reveal majority identifies as Montenegrin
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According to Tuesday's census results, 41.12% of Montenegro's population identifies as Montenegrin, while roughly 33% identifies as Serb, a notable increase.
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Montenegro holds memorial service for 12 victims of New Year's Day mass shooting
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Montenegro holds memorial service for 12 victims of New Year's Day mass shooting
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Montenegro prime minister: We are next in line to become the EU's 28th member
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EU candidate country Montenegro hopes to become the 28th member by 2028, says its Prime Minister Milojko Spajić during an interview with Euronews.
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Montenegro pursues values-driven EU enlargement process
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Montenegro pursues values-driven EU enlargement process
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Subsets and Splits
High Jaro-Winkler Similarity Titles
Finds titles in the dataset that are very similar to the word 'casă', revealing potential duplicates or related entries.