The International Monetary Fund’s (IMF) Nikolay Gueorguiev said the Moldovan authorities have reached a staff-level agreement on ending the fifth review under the Extended Credit Facility/Extended Fund Facility. He made the statement after his work visit to Moldova which ended yesterday. “The agreement is subject to approval by the IMF Management...

Moldovan industrial enterprises produced 3.4% less goods in the first quarter of 2012 as compared with the equivalent period of the last year, Infotag news agency reports. The data does not cover the Transnistrian region. According to the National Bureau of Statistics, a decrease in production was registered. The tobacco goods recorded the highest...

Moldova has signed three documents on financial aid offered by the European Union, Infotag news agency reports. Moldovan Premier Vlad Filat signed a program on budget support to the healthcare sector. The overall cost of the projects rise to 46.6 million Euro. The fourth tranche of money was transferred to Moldova in April. It amounts 4.4 million...

Moldova has made great progress in terms of economic development and recorded a very good tempo of economic growth over the past two years, due to the implementation of more reforms, Moldpres news agency reports, quoting IMF Head to Moldova, Nikolay Gueorguiev. During an official meeting with the Moldovan Head of the Parliament Marian Lupu, the counterparts...

Over $112.42 million were sent in remittances by Moldovans working abroad in March 2012. The sum is higher by $17.82 million compare to February, Infotag news agency reports. According to the National Bank of Moldova, $98.87 million were transferred via quick money transfer systems, of which 42.1% in USD, 37.9% in Euro, while 20% in Russian rubles. The...

The Republic of Moldova and the International Monetary Fund (IMF) set an agreement today to start working on a new co-operation programme designed to replace the current one which is due to expire at the beginning of the next year, Reuters informs. Over $572 million will be disbursed under the current programme. According to the source, the money...

Moldovan Ministry of Economics in co-operation with Eastern Consulting Association will organize tomorrow, May 10, a forum called “The energetic sector in the Republic of Moldova: legal features and investment opportunities.” The main goal of this forum is to get to know better Moldova’s normative framework of the field, to understand the features...

The political dialogue between Moldova and the European Union on Foreign Relations was recently held in Brussels. The Moldovan delegation was led by Deputy Foreign and European Integration Minister Natalia Gherman, while the European team was led by the acting director for Eastern Europe, Southern Caucasus, and Central Asia, in the Commission's Directorate-General...

More remittances were sent back home by Moldovans working in Russia. Over $1.076 billion were remitted via international quick money transfer systems in 2011, Infotag reports. The sum is higher by $231 million than in 2010. Moldova ranks the seventh place among the Commonwealth of Independent States (CIS) member countries by the amount of money sent...

Moldova’s national airline Air Moldova increases the number of flights from Chisinau to Bucharest and back. The company says they will operate 25 flights a week, some of them in code-share with Romania’s TAROM airline. “There will be an increase of „Air Moldova” own flights from 10 to 13 weekly flights and an increase for marketing flights operated...

Moldova will receive an $18 million loan from the World Bank for Agricultural Competitiveness Project, Infotag news agency reports. According to the World Bank Office in Moldova, the Global Environment Facility (GEF) will also provide a US$4.4 million grant for project implementation. World Bank Country Manager for Moldova, Abdoulaye Seck, said...

Russia sent $30 million for stabilization of the Transnistrian rubble, the currency used in the breakaway region of Moldova. The information was provided by the leader from Tiraspol Evgheny Shevchuk in a TV program, according to Infotag news agency. "This is a serious assistance for our citizens and state to live in stable conditions. Also, we are...

The European Commission could increase the financial aid for Moldova to bolster the reforms in the energy system. Over 94 million Euro have been earmarked for 2011 and more than 100 million Euro for 2012. Valeriu Lazar, Deputy Prime Minister of Moldova said that the energetic sector and the economic development of the rural zones are among the priorities...

Moldova’s debt increased. The state debt summed 19,450.1 billion lei at the end of March. It hiked by 252.5 million lei compare to the first quarter of 2012, Moldova’s state-run news agency Moldpres reports. “On the same date, the state foreign debt stood at 13,549.7 billion lei, (1.147 billion dollars), up by 165.1 million lei. As much as 220.1...

The previous Moldovan-Ukrainian-Russian negotiations on signing a new contract to purchase natural gas from the source have been difficult. A thorough analysis was made by IDIS Viitorul, a research and outreach organization in Moldova which activates in the field of economic analysis, governance, law, political sciences, strategic and organizational...