Remittances
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 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...
Low-income countries require more and better support
September 21, 2009While the global economy is showing tentative signs of recovery, 43 low-income developing countries are still suffering the consequences of the global recession, which highlights the need to increase support to the poorest countries dealing with economic...
Moldovans remit $613M from abroad in seven months of 2009
September 16, 2009Moldovans working abroad transferred 613 million U.S. dollars through commercial banks during the first seven months of 2009. This is by 35 per cent less against the same period last year, when the remittances amounted to 936 million dollars, according...
Remittances to Moldova decrease by more than 30 percent
August 19, 2009The volume of money transfers through banks from Moldovan' physical persons, who work abroad, exceeded US$515.03 million for the first half-year - 31.8% more against the same period of 2008. According to the data by the National Bank of Moldova (NBM...
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...
Year 2009 – gravest economic recession in Moldova’s history?
June 30, 2009The National Bureau of Statistics (NBS) has recently published statistics on evolution of GDP in the 1st quarter of 2009, which revealed a fall of about 7 percent. Anyway, 2009 will certainly be the year of the deepest economic recession after 1991, shall...
Moldova: Official data shows decrease in remittances from abroad
June 17, 2009Moldovans working abroad transferred over 317 million dollars through commercial banks during the first four months of 2009. This makes 34 per cent less against the same period last year, when the transfers amounted to 477 million dollars, according to...
Remittances to Moldova decrease by a third in 1st quarter of 2009
June 09, 2009Remittances sent to Moldova by individuals working abroad via commercial banks in the 1st quarter of 2009 exceeded 227 million dollars, which is by about 93.6 million dollars (more than 29 percent) less than in the similar period of 2008. At the same...
January-June remittances rose 1.6 times
August 18, 2008The Moldovans working abroad during the first half of this year sent home through banks about US$755.95 million, up US$474.74 million or 1.6 times compared with the corresponding period last year. According to the National Bank of Moldova, remittances...