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Under the slogan “the whole economy should work for European integration”, the authorities are trying to use all internal and external resources. Mostly credit resources. And in all possible and impossible ways. But they are still catastrophically lacking. The government and the National Bank are now acting remarkably well, stimulating sources of replenishment of funds, trumpeting successes and keeping silent about failures. It is not always possible, of course, to present it under the sauce of “for the benefit of the Moldovan economy”.
Interview with Ines Rocha, Director of the European Department of the International Finance Corporation (IFC), a member of the World Bank Group, to the INFOTAG agency.
Online commerce is rapidly developing all over the world, including Moldova. However, the purchase and sale transaction between an online seller and a buyer does not reflect the entire chain of the e-commerce ecosystem, but is only a part of a complex and multifaceted pyramid of relationships between sellers, buyers and various state structures.
The International Monetary Fund (IMF) became a new mainstream player in Moldova this week. The IMF blocked the final two tranches, totaling 2.9 billion lei ($170 million), under its cooperation program with Moldova, which ended in October. The total disbursement under the program, financed through the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) and intended for budget support, was approximately $810 million.
Since 1991, Moldova within the Commonwealth of Independent States (CIS) has signed 82 treaties at the meetings of the CIS Council of Heads of State and 269 treaties at the Council of Heads of Government. To date, Chisinau has denounced 64 treaties. According to the government, the move is part of “a continuous process of harmonizing the national policy, as well as the country’s legislative and economic framework with the EU standards and norms”.
The first issue of Logos Press was published on November 15, 1990. There was no independent Moldova yet, no market economy, no private media.
In the new episode of the National Bank of Moldova’s “The Meaning of Money” podcast, the NBM Governor Anca Dragu and International Finance Corporation representative Galina Cicanci discuss why the ability to save is becoming the foundation of personal independence, how financial discipline is formed, and what role women and digitalization play in this process.
Philip Morris International is approaching its 30th anniversary in Moldova, a milestone at which the conversation about business inevitably goes beyond the corporate agenda. In an interview with Logos Press, Maksym Barabash, Director of Philip Morris in Ukraine and Moldova, talked about radical changes in the tobacco business, investments, local production, regulatory barriers and the company’s priorities in our region.
Yerevan Fashion Week was held in Armenia – the key event of the regional fashion industry, bringing together designers and experts from different countries. This season had a special significance for Moldova: for the first time in the history of the event, a Moldovan designer – Alexey Sorochin, founder of the Alexey Sorochin brand – took part.
Moldova is becoming a new regional center of medical tourism, providing medical services at prices up to 70% lower than in Romania and Western Europe. This was reported by Ziarul Financiar, noting that the country attracts thousands of patients from the European Union, including Romanians.
US President Donald Trump spent almost the entire last week of October in Asia. He managed to achieve ceasefires on several fronts of the trade war, which he started by imposing duties on friendly and unfriendly countries. But he failed to create long-term economic structures and to dispel doubts about the U.S. strategic commitment to the region.
Despite the fact that the country’s cryptocurrency legislation is under regulation, blockchain-based financial transactions are making their way into Moldovan life and practice in various ways.
