Moldova e-Governance Agency Joins EU Digital Identity Wallet Pilot
CHIȘINĂU, Moldova, March 3, 2025 /CNW/ -- The e-Governance Agency of Moldova (AGE) is proud to announce its participation in the second round of Large-Scale Pilot Projects (LSP) for the EU Digital Identity Wallet (EUDI). As a member of the WE BUILD consortium, selected by the European Commission, AGE strengthens Moldova's role as a forward-thinking digital nation committed to aligning with EU standards.
This initiative underscores Moldova's dedication to digital transformation, driven by its rapidly expanding IT sector. The Moldova Innovation Technology Park exemplifies this growth, housing over 2,100 companies from over 40 countries and contributing 5% to the national GDP. Its operational model and competitive 7% flat tax on revenue have attracted top-tier tech firms, reinforcing Moldova's position as regional digital hub.
AGE will be instrumental in developing and testing secure Business-to-Government solutions to integrate digital wallets with public services across the EU. The initiative fosters best practice exchanges and supports the widespread adoption of digital identity wallets for both public and private e-services.
Moldova is already leading in this domain with a preliminary version of a Digital Identity Wallet embedded in the 'Documents' module of EVO, the national public services app. Additionally, EVOSign, a robust authentication tool currently in pilot testing, showcases Moldova's commitment to advancing EUDI, with plans to expand into a full-fledged electronic signature application.
This marks Moldova's first project as a beneficiary of the Digital Europe Programme, reaffirming its commitment to digital innovation and EU alignment. EUDI wallets will offer individuals and businesses secure means to access online services, store and share digital documents, and create legally binding electronic signatures. Each EU Member State will develop its own wallet application based on common specifications, ensuring interoperability.
The LSPs are crucial for refining EUDI development, testing specifications, and shaping the Implementing Acts that will formally integrate EUDI into EU law. These projects, funded by the Digital Europe's €7 billion budget, aim to drive digital adoption across sectors. The WE BUILD consortium, with approximately 200 partners from EU Member States and the private sector, will lead this initiative. The project will launch in autumn 2025 and will run for 24 months, guided by Dutch and Swedish governmental bodies.
Moldova formalized its association with the Digital Europe Programme in February 2024, AGE serving as the national contact point, ensuring continued progress in the country's digital transformation.
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American car buyers have not yet felt the effects of President Trump's auto tariffs, which began in April. Still, many are bracing for impact and dealers are preparing to raise prices. CNN reports: Read more here. As President Trump's tariff deadlines loom, many companies are facing the massive operation to get goods out of China and into the US before the pause on higher tariffs expires on August 12. Its a race against time for many on the frontline of the US-China trade war. CNN reports: Read more here. The US and Japan trade deal seems to be drifting further away from completion. Both sides have failed to reach an agreement on trade at the G-7 summit and this has left the Asian nation moving closer to a possible recession as US tariffs start to hit its economy. US President Trump and Japanaese Prime Minister Shigeru Ishiba appear to not be on the same page. Japan were keen to meet with Trump in Canada at the G-7 meeting and hoped to persuade him to drop tariffs, which have impacted Japan's auto companies and affected the country economically. However, neither side were able to reach an agreement, with Ishiba saying: 'There are still some points on which the two sides are not on the same page, so we have not yet reached an agreement on the trade package." 'We will continue to actively coordinate with the United States to reach an agreement that is beneficial for both countries, without sacrificing Japan's national interests,' the premier said after the meeting. An agreement would have delivered concessions on some of Japan's key concerns, inculding auto tariffs. If Ishiba were to have delivered a trade deal, it would have likely helped boost his leadership and government, which took a bashing last October in a national election, leaving him with a minority government. But according to Bloomberg, the fact the two sides have failed to reach a deal, could work in Ishiba's favor as it shows he has the country's best interests in mind, as opposed to rushing into a deal that may proved unsatisfactory. President Trump and Prime Minister Kier Starmer signed a limited trade agreement between the US and UK on Monday, lowering tariffs on British car and aerospace imports. The deal grants UK carmakers an annual quota of 100,000 vehicles subject to a 10% tariff, less than half the rate other countries face. It also removes tariffs on aerospace goods, including aircraft parts. However, steel and aluminum tariffs remain unresolved, with US officials planning a quota-based exemption tied to UK supply chain assurances. According to the executive order, Commerce Secretary Howard Lutnick will determine the quota levels. Without the agreement, the UK risked facing tariffs of up to 50% on metals as early as July 9. Some industries, like pharmaceuticals, were left out of the agreement, and key provisions, including reciprocal beef and ethanol access, await final implementation. The deal is expected to take effect within a week of publication in the Federal Register, according to the White House. President Trump and British Prime Minister Keir Starmer said they had signed a trade deal that the leaders had agreed to last month. Trump said the relationship with Britain was "just fantastic" as he stood next to Starmer. "We signed it and it's done," he added. Starmer said that the agreement covers "car tariffs and aerospace," but the leaders gave no further details, including when the changes would take effect. The US and United Kingdom are on track to begin implementing their trade agreement, Bloomberg reported Monday. 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With US trade talks with the European Union in focus, there's a lot at stake for the two sides as they look to complete a preliminary deal by President Trump's July 9 deadline. If no agreement is reached by July 9, the US is set to increase broad tariffs on EU imports to 50% from 10%. The EU is hoping to have that deadline extended while negotiations continue. The European trading bloc is the US's largest trading partner; in 2024, it exported $600 billion worth of goods and imported $370 billion of US products. Despite the Trump administration's tariffs, the EU's trade surplus with the US has expanded each month since January. Both imports and exports increased in April, netting a total US trade deficit of around $115 billion. President Trump originally pegged his "Liberation Day" tariff rates to trade deficits, suggesting that this metric would be important to any final proposal, though the talks have also highlighted specific sectors and other areas of cooperation. President Trump on Monday suggested he was optimistic about trade negotiations with Canada during the opening day of the G7 meeting. "I think our primary focus will be trade, and trade with Canada, and I'm sure we can work something out," he said, per Yahoo Finance Canada. "We have different concepts. I have a tariff concept. Mark has a different concept," Trump added, standing alongside Canadian Prime Minister Mark Carney. "We're going to see if we can get to the bottom of it today." Trade is one of several items taking focus at the G7 gathering, with Trump's latest self-imposed tariff deadline is looming in July. Canada already faces a bevy of duties that affect its imports: 50% on steel and aluminum and 25% on foreign autos. Read more here. At Home filed for bankruptcy on Monday and said tariffs played a central role in its financial struggles. The chain of 260 stores sells home goods and has been struggling to manage its debt load for several years as the housing market slowed down and inflation-wary customers pulled back on spending. This year, tariffs proved to be a final blow, the company's CFO wrote in court documents. "The volatility of the current tariff environment came at a time when the management team was working to address the company's existing issues," CFO Jeremy Aguilar wrote. "These newly imposed tariffs and the uncertainty of ongoing U.S. trade negotiations intensified the financial pressure on the company, accelerating the need for a comprehensive solution." At Home sources a large percentage of its goods from China, and the tariff uncertainty made it hard for it to plan its key Halloween and Christmas orders ahead of time. Earlier this year, it was in talks to raise money and amend an agreement with lenders to shore up its finances but realized it needed a more "comprehensive strategy" after the new tariffs were announced. The chain is entering bankruptcy with a plan to continue operating, close some stores, and hand ownership to its lenders. Trump's Tariffs are affecting consumers beyond retail — they are also impacting aspects of everyday life. Families who would typically avoid the big amusement parks like Disney World in favor of more regional parks, which allow them to travel locally and avoid expensive flights are now saying they may stay home due to the economic uncertainty brought on by tariffs. AP reports: Read more here. CNN reports: Read more here. As President Trump's tariff deadline looms, what will happen when the countdown ends on Liberation Day 2.0? Yahoo Finance's Washington Correspondent Ben Werschkul looks into Trump's plan of action: Read more here. Despite a trade truce between the US and China last week in London, a key area remains unresolved. Export restrictions tied to national security are still being discussed, and Beijing has not committed to grant export clearance for some specialized rare earth magnets, according to two sources. Reuters reports: Read more here. Reuters reports: Read more here.
Bloomberg
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Renault Kicks Off CEO Search After De Meo's Surprise Exit
Renault SA is under pressure to quickly find a replacement for Chief Executive Officer Luca de Meo after the shock news of his planned departure, as the industry grapples with rising trade tensions and intense competition from Chinese manufacturers led by BYD Co. The board led by Chairman Jean-Dominique Senard is looking at internal and external CEO candidates including Dacia boss Denis Le Vot and Stellantis NV purchasing chief Maxime Picat, according to people familiar with the matter. Renault aims to pick a successor to De Meo before he steps down on July 15, said the people, who asked not to be named because the deliberations are private.
