News
Moldova reports 1/3 decrease in remittances from abroad
July 17, 2009Moldovans working abroad transferred over 407 million dollars through commercial banks in the first five months of 2009, down by 33 per cent against the same period last year, when the remittances amounted to 608 million dollars, according to data by...
Remittance flows expected to be down by -7.3% in 2009
July 14, 2009Remittance flows to developing countries are expected to be $304 billion in 2009, down from an estimated $328 billion in 2008, said the World Bank today, releasing a new migration and remittances brief to coincide with an International Diaspora and Development...
Nabucco Intergovernmental Agreement Signed in Ankara
July 14, 2009By Saban Kardas On July 13 the Nabucco transit countries removed an important obstacle for the strategic pipeline project. Attending a high profile meeting hosted by Turkey, the prime ministers of Austria, Bulgaria, Hungary, Romania and Turkey inked...
Vitalie Iurcu: Moldtelecom doesn't intend to buy Eventis
July 14, 2009The rumors that President Vladimir Voronin forces the Moldtelecom state enterprise to acquire the Eventis Russian cellular communication company for a fabulous price are ungrounded and are disseminated with the only purpose – to misinform the public...
Microfinance Industry May Be Stressed by Recession, Report Finds
July 10, 2009The global microfinance industry may not be as insulated from the economic mainstream as traditionally thought, leaving it vulnerable to declines in growth and funding due to the global recession and declining investor confidence, a new report from the...
U.S. Congressman Ron Paul: The Fed Must Be Stopped
July 09, 2009By Ron Paul Our country currently finds itself in the midst of the worst economic crisis since the 1930s and, as during all economic crises, people search for the answer as to why this has happened. Not only have large financial firms been affected...
MFX Solutions Secures $13M in Financing, Launches Operations
July 08, 2009ACCION International has announced that MFX Solutions, a company established in October to help microfinance institutions (MFIs) and investors manage global currency risk, has launched operations after securing $13 million during its first round of financing...
EU Warns Member States of New Russian-Ukrainian Gas War
July 08, 2009By Roman Kupchinsky Following a recent telephone conversation between the head of the European Commission Jose Manuel Barroso, and the Russian Prime Minister Vladimir Putin, the commission urged all E.U. member states to immediately begin filling gas...
Russian gas price for Moldova may be reduced in 3rd Quarter 2009
July 07, 2009The [price] of Russian [natural] gas supplied to Moldova may reduce in the third quarter of 2009, Moldovan First Deputy Prime Minister Igor Dodon has told a news conference. Dodon, who is now running for a parliamentary seat on the ticket of the ruling...
Moldova: Budget revenues drop by 15% due to economic meltdown
July 07, 2009As of July 1, the revenues of the Moldovan state budget constituted 6.1 billion lei - by 15% (1 billion lei) less against the same period of 2008, Deputy Minister of Finance Nina Lupan said at a governmental sitting on Monday. She said that 39.6% of...