Economy of Moldova

After the invasion of Ukraine by Russia in February, the organization revised its inflation projections upwards – by 3.3 percent for developed countries and 4 percent for developing nations.

After a year in power, Moldova's pro-European government can claim some major successes, but remains a disappointment to some.

The main and enduring message of the National Bank of Romania (BNR) for the National Bank of Moldova is that of a sustainable and robust partnership, BNR governor Mugur Isarescu said on Friday at the signing ceremony of the new Cooperation Agreement between the Romanian and the Moldovan central banks.

Moldova's Custom Services said the volume of apple exports dropped in March 2021 by almost half compared to March 2020, from 30,000 to just 17,000 tons.

Moldova exported 39,000 tons of apples in April 2020 and 35,000 tons in May, but the exports dropped sharply in June 2020 to only 3,000 tons, according to the website east-fruits.com.

The International Monetary Fund expressed concern in a report issued on Wednesday about the weak supervision of the non-banking financial sector in Moldova and about inadequate efforts to prevent and combat money-laundering and the financing of terrorism.

Moldovan prosecutors on Thursday detained four members of the board of the National Bank of Moldova, BNM, all current or former leaders of the bank, in relation to the so-called grand theft of a billion US dollars from the banking system between 2012 and 2014.

Moldova's pro-Russian president and government want to turn Europe's poorest country into a building site before the presidential elections in late 2020. And they want Russia, Turkey and China to fund it.

Russian prosecutors have accused the ex-leader of the former ruling party in Moldova, Vlad Plahotniuc, of drug trafficking.

In November 2018, the Moldovan authorities launched an ambitious pitch to sell passports in the UAE.

On March 22 this year, meanwhile, the Secretary of State at the Ministry of Economy and Infrastructure, Vitalie Iurcu, launched a similar presentation in Hong Kong for Far Eastern audiences.

It was held under the slogan: "Moldova, the newest pearl of Europe."

A group of opposition deputies has drafted new legislation to combat money-laundering after the parliamentary majority voted last Thursday to pass a fiscal reform package which has sparked criticism, particularly from Moldova's Western partners and donors, for loopholes that could allow the legalisation of criminally-acquired funds.