maib_esspreso

Finances

SUPPLIERS SELL ELECTRICITY TO CONSUMERS AT ALMOST DOUBLE PRICE

SUPPLIERS SELL ELECTRICITY TO CONSUMERS AT ALMOST DOUBLE PRICE
19 september, 2019

Electricity supplying enterprises of Moldova (Gas Natural Fenosa Furnizare Energie and Furnizare Еnеrgie Electrice Nord) bought almost 1,869 million kWh of electricity in 1H2019, which is 0.8% less than a year before, paying for it 2.048 million lei (+7.5%).

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MOLDOVA’S ELECTRONIC COMMUNICATIONS PROCEEDS DECREASE BY 5.4%

MOLDOVA’S ELECTRONIC COMMUNICATIONS PROCEEDS DECREASE BY 5.4%
17 september, 2019

In April-June, revenues in Moldova’s electronic communications activity (mobile and fixed telephony, mobile and fixed internet access, broadcasting and retransmission of audiovisual programs, etc.) accounted for 1.545 billion lei or by 5.4% less compared with the equivalent period of 2018.

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MOLDOVAN AND TRANSNISTRIAN BANKERS AGREE TO KEEP SEEKING MUTUALLY ACCEPTABLE SOLUTIONS

MOLDOVAN AND TRANSNISTRIAN BANKERS AGREE TO KEEP SEEKING MUTUALLY ACCEPTABLE SOLUTIONS
17 september, 2019

The problem of closing accounts of Transnistrian enterprises in Moldovan banks became the central topic of discussion at the sitting of experts on bank issues in the OSCE Mission office in Tiraspol. The Transnistrian delegation was headed by Chairman of the Transnistrian Central Bank (PRB) Vladislav Tidva, while the Moldovan - Deputy President of the National Bank of Moldova (NBM) Ion Sturzu.

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HUMAN RIGHTS VIOLATION COST MOLDOVA 16.6 MILLION EUROS OVER PAST 22 YEARS

HUMAN RIGHTS VIOLATION COST MOLDOVA 16.6 MILLION EUROS OVER PAST 22 YEARS
17 september, 2019

Since September 12, 1997 when Moldova joined the European Convention on Human Rights, the Strasburg Court has obliged the republic to pay the victims about 16.6 million euros (by the end of 2018).

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MOLDOVAN BANKS CLOSED ACCOUNTS OF ONLY TWO TRANSNISTRIAN BANKS YEAR TO DATE

MOLDOVAN BANKS CLOSED ACCOUNTS OF ONLY TWO TRANSNISTRIAN BANKS YEAR TO DATE
16 september, 2019

The National Bank of Moldova (NBM) regards as false and ungrounded the disseminated information about the closing of accounts of Transnistrian enterprises by Moldovan banks.

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PAY-TV SERVICES SALES INCREASED BY 5% IN MOLDOVA

PAY-TV SERVICES SALES INCREASED BY 5% IN MOLDOVA
13 september, 2019

Moldova’s Pay-TV services sales in, provided through cable networks and IP TV, accounted for 82.6 million lei in the first half of the year, which is 3.8 million lei (5%) more compared with the equivalent period of 2018.

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MOLDOVA TO CHALLENGE “ENERGOALIANS” COMPANY’S CLAIM FOR REPAYING ELECTRICITY DEBT

MOLDOVA TO CHALLENGE “ENERGOALIANS” COMPANY’S CLAIM FOR REPAYING ELECTRICITY DEBT
11 september, 2019

Minister of Justice Olesea Stamate regarded as unjustified the demands issued by the Ukrainian company “Energoalians” to Moldova on repaying a debt for electricity worth US$75 million.

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DEFLATION REGISTERED IN MOLDOVA FOR 3RD CONSECUTIVE MONTH

DEFLATION REGISTERED IN MOLDOVA FOR 3RD CONSECUTIVE MONTH
10 september, 2019

Prices in Moldova keep falling for already the third consecutive month. In August, these shrank by 0.03% on average. According to the National Bureau of Statistics (NBS) the year to date inflation accounted for 4%, while since August 2018 till August 2019 – 5.5%, which fits into the NBM’s target corridor of 5% ± 1.5%.

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PRESIDENT DODON SAYS THAT ACCORDS REACHED WITH RUSSIA ARE PERMITTING TO AVOID GAS TARIFF RAISING

PRESIDENT DODON SAYS THAT ACCORDS REACHED WITH RUSSIA ARE PERMITTING TO AVOID GAS TARIFF RAISING
10 september, 2019

President Igor Dodon stated at his news conference on Monday that all the accords reached with the Russian Gazprom Concern are permitting not to raise the gas tariff for ultimate consumers here.

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WORLD BANK EXTENDS ITS GRANT COMPONENT FOR MOLDOVAN SMEs

WORLD BANK EXTENDS ITS GRANT COMPONENT FOR MOLDOVAN SMEs
02 september, 2019

The grant component for Moldovan small and medium enterprises within the MD Second Competitiveness Enhancement Project (PAC II) has been extended until July 30, 2021, as per the decision taken by the World Bank in response to the inquiry made by the Moldovan Ministry of Economy and Infrastructure.

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GOOD ROADS PROGRAM WAS APPROVED, BUT WITHOUT PROPER FINANCING – DEPUTY SPEAKER

GOOD ROADS PROGRAM WAS APPROVED, BUT WITHOUT PROPER FINANCING – DEPUTY SPEAKER
29 august, 2019

The Government, headed by Democratic Party member Pavel Filip, approved the program “Good Roads for Moldova”, but did not provide the necessary financing in the state budget, wrote Deputy Speaker of the Parliament Alexandru Slusari on his Facebook page on Wednesday.

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MOST FLAGRANT VIOLATIONS IN BANK FRAUD HAPPENED AFTER PROVIDING STATE GUARANTEE - ALEXANDER SLUSARI

MOST FLAGRANT VIOLATIONS IN BANK FRAUD HAPPENED AFTER PROVIDING STATE GUARANTEE - ALEXANDER SLUSARI
23 august, 2019

The most serious violations in the stealing of the billion took place after providing of state guarantees to the National Bank of Moldova (NBM) by Iurie Leanca Government (in November 2014), maintains Chairman of the parliamentary ad-hoc commission on bank fraud investigation, Deputy Speaker Alexandru Slusari.

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GOVERNMENT ALLOCATES 6.8 MILLION LEI FOR BUYING APARTMENTS FOR RESIDENTS OF COLLAPSED HOUSE IN OTACI

GOVERNMENT ALLOCATES 6.8 MILLION LEI FOR BUYING APARTMENTS FOR RESIDENTS OF COLLAPSED HOUSE IN OTACI
22 august, 2019

The Government will provide 6.8 million lei (US$383 thousand) for compensating the damage to residents of the house, a part of which collapsed in Otaci on June 19. A corresponding decree was adopted by the Cabinet of Ministers on Wednesday.

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BT EARNED AROUND 200 MILLION EUROS PROFIT IN 1H2019

BT EARNED AROUND 200 MILLION EUROS PROFIT IN 1H2019
20 august, 2019

The profit of the Banca Transilvania financial group accounted for 492.36 million Romanian lei (200 million euros) over the first 6 months of 2019. The group has two financial assets in Moldova – country’s first private bank Victoriabank [BT is holding over 40%, being major shareholder together with the European Bank for Reconstruction and Development, which is holding slightly more than 28%] and the company BT Leasing.

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PRESIDENT PROPOSES TO SUSPEND ANRE DECISION ON ELECTRICITY TARIFF RAISING

PRESIDENT PROPOSES TO SUSPEND ANRE DECISION ON ELECTRICITY TARIFF RAISING
19 august, 2019

President Igor Dodon recommended to the Government to suspend the action of the National Energy Regulatory Agency (ANRE) order on raising the tariffs on electricity for consumers.

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​PARLIAMENT CANCELS PROVISIONS THAT ALLOWED ISSUING URGENT CREDITS TO THREE BANKS

​PARLIAMENT CANCELS PROVISIONS THAT ALLOWED ISSUING URGENT CREDITS TO THREE BANKS
16 august, 2019

The Parliament cancelled on Thursday the legislative provisions that allowed issuing urgent credits to Banca de Economii, Banca Sociala and Unibank.

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MOLDOVAN LEADERSHIP AND IMF TO DISCUSS TAX RAISING AGAIN

MOLDOVAN LEADERSHIP AND IMF TO DISCUSS TAX RAISING AGAIN
12 august, 2019

The Moldova’s leadership intends to again discuss the issues of taxation in the republic with International Monetary Fund representatives.

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NBM HARD-CURRENCY RESERVE WENT UP US$38.2 MILLION IN JULY

NBM HARD-CURRENCY RESERVE WENT UP US$38.2 MILLION IN JULY
09 august, 2019

The official reserve of the National Bank of Moldova (NBM) increased by US$38.21 million in July and exceeded US$2,951 billion. Though, the reserve shrank by US$43.2 million compared with the beginning of 2019, and by US$19 million, compared with the equivalent period of 2018.

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FINCOMBANK PUTS UP 475.478 SHARES FOR SALE

FINCOMBANK PUTS UP 475.478 SHARES FOR SALE
09 august, 2019

The FinComBank puts up for sale a package of 475,478 shares with a nominal value of 100 lei at 260.66 lei each. The auction will be held from October 23 to November 5 at the Moldovan Stock Exchange.

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BUSINESSES DISPLEASED WITH THE WAY ANSA CARRIES OUT BORDER CONTROL OF FOOD PRODUCTS

BUSINESSES DISPLEASED WITH THE WAY ANSA CARRIES OUT BORDER CONTROL OF FOOD PRODUCTS
07 august, 2019

The business community is displeased with the way the National Food Safety Agency (ANSA) carries out border control of food products, based on risk assessment. The American Chamber of Commerce in Moldova (AmCham Moldova), representing the interests of private business in the country, has voiced this opinion in a letter to Prime Minister Maia Sandu.

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