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National Bank of Moldova has given advance notice about a possible increase in utility tariffs

In connection with the devaluation of the national currency the National Bank of Moldova has issued a warning about the possible increase in tariffs on certain types of public services.

In particular this applies to tariffs for gas, electricity and heating.

The report NBM says: "In the context of the depreciation of the national currency, significant compared to its value in 2012 when tariffs for these services were set, there is a risk that these tariffs will be revised upward in 2015".

However, if the global market will continue its downward trend in energy prices, the increase in utility tariffs should not be too high