News
Moldova, IMF mission reach agreement on 77-million-dollar loan
May 13, 2011The Moldovan authorities and the mission of the International Monetary Fund (IMF) have reached an agreement on the allocation of a 77-million-dollar installment seen in Moldova's programme with the IMF. The agreement was reached at the end of the 27...
Malaysia's Petronas to invest $20bn in energy complex
May 13, 2011Malaysian oil and gas company Petronas plans to a build a $20bn (£12.3bn) factory complex to produce chemicals and refine crude oil. The facility will be located in the southern state of Johor, bordering Singapore. Petronas says the strategic...
Eurozone economy grows 0.8% in the first quarter
May 13, 2011Chisinau / Moldova.ORG/ -- After nearly three years of economic turmoil, Greece returned to growth in the first three months of 2011, helping the wider Eurozone grow by more than anticipated. Eurostat, the EU's statistics office, said Friday that the...
China's inflation eases due to tightening measures
May 11, 2011Inflation in China's rapidly growing economy has cooled slightly, raising hopes that government efforts to fight inflation are beginning to take effect. The annual inflation rate fell to 5.3% in April from a year earlier, down from a three-year high...
Dutch flower farmer in U.S. ships 400,000 blooms each day
May 10, 2011Virginia Factory Turns Out Tulips by the Millions Spring means watching flowers bloom and one amazing place to watch this happen can be found near Stevensburg, Virginia, just 113 kilometers (70 miles) outside of Washington. At Fresh Tulips USA, they...
Authorities will repair up to 13 km of National Roads in 2011
May 10, 2011Moldovan authorities will repair less than 13 km of national roads in 2011. The statement was provided by Minister of Transport and Road Infrastructure Anatol Salaru at the general meeting of road workers recently, where one considered the results of...
EU Council to mandate launch of talks on deep free trade area with Moldova
May 10, 2011Prime Minister Vlad Filat, EU Commissioner for Enlargement and European Neighbourhood Policy Stefan Fule and Hungarian Minister of State of the Foreign Ministry Zsolt Nemeth gave a news conference on the results of a meeting of the Moldova-EU Cooperation...
National Bank of Moldova forecasts higher inflation rate in 2011
May 10, 2011The National Bank of Moldova (BNM) has forecast an increase in the inflation rate in 2011 from 7.9 per cent to 8.4 per cent, because of heavier inflationary pressure than foreseen in February, when the BNM released its first report on inflation. The...
Tepco wants government help for compensation payments
May 10, 2011The operator of Japan's crippled Fukushima Daiichi nuclear plant has asked the government for help compensating victims of the crisis. Tokyo Electric Power Company (Tepco) said it had presented a formal written request to the Economy Minister, Banri...
Nuclear 'cheapest low-carbon option' for UK energy
May 09, 2011Nuclear power will remain the cheapest way for the UK to grow its low-carbon energy supply for at least a decade, according to government advisers. But renewables should provide 30-45% of the nation's energy by 2030, says the Committee on Climate Change...