“Moldova’s dependence on imported energy resources makes our country participate in GUAM projects,” the president of the Banks’ Association of Moldova Dumitru Ursu said recently in Baku. He referred to the projects on building the main pipeline Azerbaijan-Georgia-Ukraine-Europe and the Black Sea Ring Highway that will cross Moldova.

“The import prices of the energy resources are very important for Moldova at a time when the oil and gas prices are permanently rising, reason for which the cooperation within GUAM is also important,” Ursu said, quoted by the Azeri press.

It should be noted that presently, Moldova imports 85% of the electricity and 95% of the other energy resources it needs.

“We do not have representative offices or direct branches of Moldovan banks in Azerbaijan yet, but we want to work in Azerbaijan as the Azeri banks want to work in Moldova. The Azeri banks have enough financial resources to invest in the Moldovan economy,” Ursu said // Reporter.MD


Publication date: 02 June 2008   

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