News
Azerbaijan-Russia Gas Agreement: a Wakeup Call to EU and US
July 02, 2009By Vladimir Socor Meeting in Baku on June 29, Azerbaijan's President Ilham Aliyev and his Russian counterpart Dmitry Medvedev witnessed the signing of an agreement on Azerbaijani gas deliveries to Russia. The initial volumes are small, but the agreement...
Vitalie Iurcu replaces Gheorghe Ursachi at Moldtelecom
July 02, 2009Ex-Director of the National Energy Regulatory Agency (ANRE) Vitalie Iurcu headed the Moldtelecom state enterprise from July 1. He replaced Georghe Ursachi, who was the Moldtelecom Director General from 2002. Moldtelecom employees say that it is the...
Dealership Closures Concern Car Owners About Auto Parts Availability
July 01, 2009With thousands of auto dealerships closing across the nation and announcements of major car brands phasing out production, many car owners are alarmed about the availability of parts they'll need to maintain their vehicles. The nation's oldest and largest...
New NYSE listing will be first to aim at Islamic market
July 01, 2009The first American ETF to adhere to centuries-old Islamic beliefs about investing and finance is to begin trading on the New York Stock Exchange today under the ticker symbol JVS. Javelin Exchange Traded Funds ("JETS") Dow Jones Islamic Market...
Moldova to negotiate $500 million loan terms with Russia in Moscow
July 01, 2009In the nearest future, a delegation from the Moldovan Ministry of Finance will go to Moscow to negotiate the terms of the US$500-million Russian credit for this republic, it was said at the meeting Moldovan President Vladimir Voronin had with Russian...
Farmland consolidation to be implemented in 40 Moldovan villages
July 01, 2009A project on farmlands' consolidation will be implemented in 40 villages from 21 Moldovan districts during one year. The project aims at improving the structure, as well as the quality of agricultural land plots, and will be financed by the World Bank...
Investprivatbank's depositors apply for the return of their money
July 01, 2009The branches of the commercial bank which is under liquidation, Investprivatbank, today started receiving applications from depositors to return the full amount of deposits, including the interest rate, during two or three days. Thus, the depositors...
Luck Runs Out For Russian Casinos, Gaming Halls
June 30, 2009By Kevin O'Flynn The casinos on Novy Arbat street, the main gambling strip in Moscow, have already turned off their lights. One of the oldest casinos in the country, Metelitsa, has two signs, one saying, "Thanks for 16 years of trust" and...
Investment forum: Transnistria in search for investment
June 30, 2009During June 4–5, Tiraspol hosted the first investment forum in Transnistria organised by the chamber of commerce and industry from the region. The forum considered 92 projects aimed to attract investments worth 700 million dollars. According to...
Moldova: Legislative amendments in banking sector
June 30, 2009Before being dissolved, the Parliament has approved amendments to the Law on Financial Institutions and law on guaranteeing of deposits of individuals. The amendments are likely welcome, as they would give fuel to thoughts of majority of domestic bank...