News
US jobless rate hits highest level since 1983
November 06, 2009By Jim Randle The U.S. unemployment rate rose sharply in October, hitting 10.2 percent, the highest level since 1983. Friday's report from the Labor Department says U.S. employers cut fewer workers in October than the prior month, but the overall...
Russian labor market: Why unemployment is lower than expected
November 04, 2009By Paul Goble In the early 1990s and especially over the last year, many Russian commentators and politicians have competed among themselves in predicting extraordinary increases in unemployment, in both cases to figures comparable to those which...
Young gain job advantage in post- communist societies
November 04, 2009By Peter Fedynsky The symbol of Communism - the hammer and sickle - represents the main tools of physical labor used by industrial and agricultural workers. But the collapse of the Iron Curtain 20 years ago coincided with a decline in heavy industry...
Share of foreign investments in moldovan banks increasing
November 03, 2009According to the National Bank of Moldova (NBM), the share of foreign investments in the Moldovan banks in January-September increased by 1.1% up to 75.2%. According to the NBM administration, the average indicator of capital sufficiency is preserved...
IMF resumes financing for Moldova
October 29, 2009The International Monetary Fund (IMF) resumes the financing of Moldova, whose GDP does not exceed $1.8 thousand per capita of the population. On Wednesday Head of the International Monetary Fund (IMF) mission to Chisinau, which worked in Moldova on October...
Moldova: Businesses against tax on reinvested profit
October 29, 2009The taxation of economic entities' reinvested profit may be resumed not earlier than in 2011, Deputy Minister of Finance Viorel Dandara told Infotag. He remarked that the cancellation of the zero tax rate is inevitable under the conditions of the decrease...
IMF to support Moldova with a 3-year credit facility of $588 mil.
October 28, 2009An International Monetary Fund (IMF) staff mission headed by Nikolay Gueorguiev and the authorities of the Republic of Moldova have reached preliminary agreement on a new economic program that could be supported by combined three-year Extended Credit...
Moldova's budget deficit hits a record high, 16% of the GDP
October 21, 2009By the beginning of October the deficit of the public budget constituted about 2.8 billion lei ($252.2 million), the social insurance budget - 700 million and the medical budget - 250 million, Minister of Finance Veaceslav Neguta unveiled such data. ...
Chisinau City Hall receives grant of $3.6 million from China
October 20, 2009Chisinau general mayor Dorin Chirtoaca said that he has recently received a set of documents from State Minister Victor Bodiu on a Chinese non-refundable grant of 3.6 million dollars (20 million yuani). The proceeds are meant for road traffic supervision...
Vlad Filat: Moldova holds constructive dialog with foreign donors
October 20, 2009The Moldovan Government has held an open and constructive dialog with the representatives of the World Bank, International Monetary Fund and donor countries, Prime Minister Vlad Filat stated on Monday evening. Throughout the day, the meeting between...