News
EU May Grant $150 Million To Crisis-Hit Moldova
October 08, 2009An EU envoy says the European Commission could give Moldova at least 100 million euros ($147 million) to help it cover its growing budget deficit, RFE/RL's Moldovan Service reports. The announcement was made on October 7 in Chisinau by Wolfgang Behrendt...
IMF, WB revise loan conditions to support E.Europe through crisis
October 07, 2009By Ron Synovitz Russia said this week that it will not disburse the last $500 million tranche of a stabilization loan to Belarus and that it will not grant a $5 billion loan to Ukraine. Speaking in Istanbul at the start of the annual International...
Gulf Oil Producers, Others Ready To Dump Dollar
October 07, 2009Britain's daily "The Independent" has reported that Gulf Arab oil producers held secret talks with oil buying states on moving away from using the dollar as the sole currency for transactions. Just hours after the story was published, Saudi...
Moldova's GDP to drop by 9% in 2009
October 07, 2009In 2009 Moldova's GDP will decline 9%, and in 2010 no economic growth is expected. Such are the IMF's forecasts published in the IMF report on world situation. According to this report, Moldova is the only country, where no economic growth is expected...
Moldova's ministry of agriculture to protect local producers
October 05, 2009Minister of Agriculture and Food Industry Valeriu Cosarciuc has spoken out for the Parliament's approval of measures for protecting local producers. On Friday, he said in the Parliament that the recession in the agrarian sector will constituted 25% in...
Moldova faces a two-digit recession in 2009
October 01, 2009The clear fall of basic economic indicators in the national economy for the 1st quarter of 2009 had a negative impact on the evolution of GDP for the first half of the year. Thus, the GDP was worth about 27.87 billion dollars in January-June 2009 in current...
Moldovan public employees earn more than those in private sector
October 01, 2009According to statistics and media reports, each forth employee in Moldova is paid from public funds. The great majority of active population (about 70 percent) is employed in the private sector and another 5 percent in joint ventures. A budgetary...
New Moldovan government lifts all restrictions of bulk wine export
September 30, 2009The Ministry of Agriculture and Food Industry has lifted all the restrictions on the exports of wine in bulk and exports of industrial grape varieties, Minister Valeriu Cosarciuc told journalists this decision was taken by the Ministry of Agriculture...
Talmaci resigns, Moldova's central bank to have a new governor
September 30, 2009According to the National Bank of Moldova (the central bank of the country) website, after Leonid Talmaci's terms in office was expired, the post of the NBM president (aka governor) remains vacant. A second vacant post has appeared in the administrative...
World Bank, IMF to help Moldova to overcome economic crisis
September 30, 2009The World Bank, in collaboration with the International Monetary Fund and donor countries, is proposing to the Government of Moldova to jointly work out and introduce a national anti-crisis program. Meeting with Moldovan Acting President Mihai Ghimpu...