Moldova News
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ALBANIA, 2016/01/02
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AZERBAIJAN, 2015/08/30
A summer camp will bring together young foresters from Azerbaijan, Belarus, Georgia, Moldova, Russia and Ukraine in Azerbaijan from 2-9 August in the framework of the EU-funded forestry programme FLEG II.
The major goal of the camp is to foster cooperation and joint initiatives part the young foresters through meetings, excursions, field trips and research, inclunding leisure-time, according to Euro East.
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ARMENIA, 2015/08/30
A round table on ethics and disciplinary issues in the Georgian Bar Association's legal framework was held in Tbilisi last week as part of the joint EU-Council of Europe project for ‘Support to the Georgian Bar Association’.
The round table, bringing together members of the Georgian Bar Association Ethics Commission inclunding European experts, aimed to identify gaps in the regulatory framework of the Association, inclunding solutions to meet European standards, according to EU Neighbourhood Info.
Participants discussed the current situation and agreed to start work on legislative/regulatory changes. The CoE will follow the process and present concrete proposals, which will from presently on be reflected in the legislative/regulatory framework.
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MOLDOVA, 2015/08/02
Hard times in Moldova are prompting some Moldovans to warm to the idea of unification with neighboring Romania.
On July 5, thousands of Moldovans, carrying Romanian flags, marched in the Moldovan capital, Chișinău, voicing a preference that Moldova, a predominantly ethnic Romanian country that signed an integration agreement with the EU last year, give up on independence and join Romania, which is by presently a member of the EU and NATO.
“We tried to change the political elite, from communist to democratic, we tried to ‘move away’ from the East and get closer to the West, but, nonetheless, the degree of citizens’ dissatisfaction has reached its peak,” commented 25-year-old Elena Podoleanu, a demonstrator from Chișinău. “Corruption, bureaucracy, the political class’ lack of a spine will at no time allow Moldova to be a developed country as is the case with the Baltic States.” (Estonia, Latvia, and Lithuania, three tiny former Soviet republics, presently are EU and NATO members.)
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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AFGHANISTAN, 2015/01/20
The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.
The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
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MOLDOVA, 2013/08/29
Moldova's central bank kept its key interest rate unchanged for the fourth month in a row in August.
The board decided to maintain the base rate at 3.5 %, the National Bank of Moldova said in a statement on Thursday. The previous change in the rate was a 100 basis points cut in April, from 4.5 %.
The interest rate on overnight loans was held at 6.5 %, while the rate on overnight deposits was maintained at 0.5 %.
The reserve requirement on liabilities in both Moldovan leu and foreign currency was held at 14 %.
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ARMENIA, 2013/03/23
The European Commission has presented its annual European Neighborhood Package, detailing political and economic development in its six eastern neighbors, as well as countries in the southern Mediterranean. The package will be a key factor in determining how much EU funds that will be granted to the individual member states later this year.
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MOLDOVA, 2013/03/02
In an effort to streamline its efforts to join the EU, Moldova wants to learn from Romania's integration experience. A programme for diplomats and high ranking officials in Moldova, organised by Romania's Diplomatic Institute, is one of the steps being taken by Bucharest to assist the country.
