Ion Chicu

Economic and political analysts in Moldova have criticised an initiative by President Igor Dodon and the government led by Ion Chicu to shift 50 per cent of the National Bank of Moldova's annual profits into the state budget, describing it as a populist move that will not benefit ordinary people in the country.

Moldova's Prime Minister-designate Ion Chicu was approved by the country's parliament on Thursday, along with his proposed list of ministers who will form the new cabinet following the collapse of the former government led by pro-Western PM Maja Sandu just days prior.

Having formed a list of proposed ministers overnight, Chicu secured the support of 62 out of 101 deputies.