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The construction works of the Ungheni – Chișinău natural gas pipeline have started

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The construction works of the Ungheni – Chișinău pipeline were launched today.  The Prime Minister of the Republic of Moldova, Pavel Filip and the Vice Prime Minister for Romania’s Strategic Partnerships’ Implementation, Ana Birchall attended the event.

The Ungheni – Chișinău gas pipeline is the second phase of the Iași – Ungheni – Chișinău interconnection project. The section Iași-Ungheni pipeline was put into operation in 2014, and now the gas pipeline is to be extended to Chișinău.

The realisation of the second phase of the project involves the construction of the gas transport pipeline, the three natural gas delivery stations and the control centre in Ghidighici. The works will be carried out by the Romanian company Transgaz within a period of maximum 23 months.

Pavel Filip mentioned that the Ungheni – Chișinău gas pipeline project is of national interest and of strategic importance. A volume of almost 1 million m3 of gas was delivered every year through the Iași – Ungheni pipeline. That resulted in providing Romanian gas for the Ungheni city and several nearby localities in the recent years.

After the implementation of the project’s second phase and an investment of 93 million EUR, the Ungheni – Chișinău gas pipeline, with a length of 120 km, will provide the entire country with the necessary volume of natural gas.

“Today, we make the second step towards our country’s energy security and independence. During many years, the gas price was used as a scarecrow by those who delivered gas to Moldova, but now we are approaching the day when this will not happen again. Our country will be able to take decisions for the benefit of its citizens without risking any danger. And that’s because we have the second alternative source,” the prime minister declared in a press release of the Government of the Republic of Moldova.

Ana Birchall reiterated the firm commitment of the Romanian side to further support Moldova in its European path, including with energy infrastructure projects. “Romania was and will remain the strongest supporter of the Republic of Moldova. Through such strategic projects we aim to achieve an irreversible connection of the Republic of Moldova to the European Union and we want to contribute to ensuring a better living for every citizen of the Republic of Moldova,” said Ana Birchall.

Photo: gov.md

Economy

A mission of the International Monetary Fund led by Ruben Atoyan is coming to Moldova

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A mission of the International Monetary Fund (IMF) headed by Ruben Atoyan will be on an official visit to Chisinau from June 26 to July 10, 2019, writes ZdG.

According to an IMF press release, the mission will hold talks with the authorities in the context of the revision of the IMF-funded program under the Extended Fund Facility (ECF) and WFP arrangements. The mission will analyze recent economic developments and progress in program implementation, as well as update and assess the macroeconomic outlook and discuss with authorities about macroeconomic policies in the coming period.

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Economy

How many millionaires are there in the Republic of Moldova?

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1 760.

1760 citizens of the Republic of Moldova obtained revenues of over 1,000,000 lei in the year 2018. The total income earned by these people was 6.140,000,000 lei and the tax paid to the budget from this income is the amounted to 479.710,000 lei, the State Tax Service announced.

According to the quoted source, the highest amount of income earned by a natural person in 2018 was 83.250,000 lei.

Territorial, most millionaires are registered in Chisinau – 1384.

The youngest person in this category is 21 years old and the oldest – 90 years old.

Accordingly, the average income of a taxpayer is 49.700 lei in 2018 compared to 44.800 lei in 2017.

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Economy

The past and the future of Moldova’s energy sector security

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The energy sector is one of the vulnerable areas of the Republic of Moldova because it could not provide national security in case of exceptional situations.

The energy vulnerability of the Republic of Moldova is caused by the dependence on natural gas and electricity from the outside, obsolete infrastructure and tariffs inadequate to economic rigors. The accession of the Republic of Moldova to the European Energy Community could represent the solution to many problems existing in the energy sector, says the political analyst of the IIDIS Viitorul, Ion Tăbârţă via the Newsletter.

Achieving commitments under the European Energy Community could ultimately lead to diversification of energy supply, demonopolization and liberalization of the energy market, separation of energy activities, renovation and modernization of infrastructure, non-discriminatory tariffs for consumers.

With the signing of the Association Agreement with the EU, the Republic of Moldova started transposing and implementing the provisions of the Energy Package III, adopted by the European Union in 2009.

The Republic of Moldova has achieved good results in transposing the European directives into national legislation, adopting several laws in the energy field. However, the Republic of Moldova is experiencing some delays in adopting sectoral energy laws, such as the Oil Law.

The reforming and modernization of the Moldovan energy system will be realized only after the implementation of these laws, when their functionality will be ensured. The Government of the Republic of Moldova and ANRE are the main institutions responsible for the implementation of the regulatory framework.

The implementation has several dimensions:

  1. development and approval of secondary legislation
  2. liberalization of the energy market and institutional and organizational consolidation
  3. modernization of energy infrastructure.

To achieve these goals, the energy interconnection with the EU must be achieved, which can only be done through Romania. The Government of the Republic of Moldova concluded in 2015 a Memorandum of Understanding with that of Romania. This implied the realization of 5 large projects that would ensure the interconnection of the natural gas and electricity networks between the two states.

What should the Republic of Moldova do for a more secure energy sector?

The Republic of Moldova needs to modernize and restructure it in order to overcome the inherited vulnerabilities of the past. Contrary to expectations arising from the national interest of the Republic of Moldova, this process is much slower than expected.

We have delays in the adoption of legislation, especially the secondary one, and delays in the modernization of energy infrastructure. This is particularly evident in energy interconnections with Romania, which could be viable solutions to many of the existing energy problems in the Republic of Moldova. Under the conditions that there is external support from the outside, such an attitude means that things are “intentionally entangled” inside. Money is capacity, the rest is at the mercy of political will.

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