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Moldova's news
Moldovan government manages to set priority projects for Brussels donor meeting - economics minister
"We have managed to establish a set of priority projects for the donor meeting due in Brussels," Deputy Prime Minister, Economics Minister Valeriu Lazar said at a 10 March meeting with the resident representative of he European Bank for Reconstruction and Development (EBRD) in Chisinau, Libor Kroska.
According to the Economics Ministry's press service, Valeriu Lazar stressed that the real situation in the economy was taken into account while establishing the set of priorities for the meeting of the consultative group o donors for Moldova, due on 24 March. Thus, a special share will be given to the projects with sure results, achieved in a short time. At the same time, a series of more ambitious objectives are being fixed as well, which allow successfully carrying out the process of Moldova's economic re-launch.
A fundamental problem for the national economy represents the re-starting of the real sector's crediting, without which it is practically impossible to achieve a lasting economic growth. And namely in this stage, Moldova needs support of international structures and organisations, including the experience of the states which have already managed to take the concerned sector out of crisis, the economics minister specified.
Valeriu Lazar and Libor Kroska stressed the need to optimise the mechanism of financing the sector of Small- and Medium-sized Enterprises (IMM), and emphasized the state's basis role in this respect. To back this thesis, the officials invoked the recently recorded success following the holding of an IMMs contest, financed with the money of the Partner Fund of the Japanese Grant. This fact proves the existence of good business ideas which need support in the access to crediting sources.
The EBRD permanent representative in Chisinau gave assurances that projects dealing directly with the crediting lines are among those 20 projects at the most which can be annually financed by the Bank in Moldova's economy.
The officials jointly highlighted the foremost importance to woo direct foreign investments (Alternative Investment Solutions) in the economy. Valeriu Lazar underlined that the Economics Ministry presently uses all the instruments necessary to improve the legislative framework on the business and investment climate, starting the process of privatization of state enterprises, optimising the partnership between the public and private sectors.
The deputy prime minister also referred to concrete actions to promote Moldova's image. Thus, a far-reaching event, Business Week Moldova, is planned to be held in Chisinau next June. A Vienna Economic Forum will be simultaneous held, and a good impact is expected due to this synchronization.
The officials also discussed the importance to present Moldova as productively as possible at a yearly meeting of the EBRD's Board of Governors, due in Zagreb, Croatia, on 14-15 May. Within this event, Moldova will have opportunity to make a positive and attractive image on the whole by presenting a vast and diverse set of subjects. Among them there are the investment climate, measures undertaken by the government to consolidate the business environment, the vision of Moldovan business circles' representatives as regards the new reforms in the field, extension of the trade relations, opportunities and challenges faced by Moldova in the major European integration context, etc.
At the end of the discussions, Libor Kroska emphasized the importance of the existence of complementariness between the visions of economic re-launch of Moldova and EBRD. He said that the Bank also gives importance to the projects of implementation in priority areas, such as: transports, drinking water supply, energy sector and energy efficiency, etc.
Set up in 1991, the European Bank for Reconstruction and Development uses investments to support the development of the market economy and democracy in 27 countries from Central Europe up to the Central Asia. The organisation's task resides in promoting durable and ecologic development as component part of all its activities. EBRD provides financing on projects for banks, industrial and trade enterprises, to support both new initiatives and the already existing companies. EBRD also collaborates with public sector companies to back their privatisation, re-organisation of state enterprises and improvement of the municipal services or public utilities.
Since the beginning of its activity in Moldova, EBRD has invested over 300 million euros within over 55 projects in the infrastructure field, as well as in the corporative, banking and energy sectors. The funds provided by EBRD wooed additional investments worth 235 million euros in Moldova's economy, according to the Economics Ministry's press service.
Moldpres
Moldova's news - Economics
Saturday, 11 february, 2012
Friday, 10 february, 2012
- 10.02 16:54 January, 2012, Moldova has imported from Ukraine 62,9 mln. kwh, which is 45 times more as in January, 2011(1,4 mln. kwh.)
- 15:04 Moldova reports 3.69-per-cent decrease in Russian gas price in first quarter of 2012
- 15:04 European Business Association to participate in implementation, monitoring of Moldovan government's policies
- 9:54 Starting from July, 1, 2012, economic agents have to register tax invoices in the general electronic register
Thursday, 9 february, 2012
- 09.02 16:21 Moldovan firms to be obliged to inform about transactions worth over 100,000 lei
- 16:20 Producers of cigarettes have to present to the government the information about the quantity of cigarettes produced (by brands) and about the volume of the sales
- 16:19 The National Agency on Food Safety is established in Moldova
Wednesday, 8 february, 2012
- 08.02 16:21 Experts say first signs of economic recovery felt in Moldova
- 15:36 In 2011 the EBRD has launched 8 projects in Moldova valued at 69 mln euros in total
- 9:31 GDP growth in Moldova will slow down from 6% to 3,5% in 2012, - Valeriu Lazar
Tuesday, 7 february, 2012
- 07.02 17:09 Moldovan Interior Ministry approves strategic development programme, action plan for 2012-2014
- 16:25 The first round of the talks on the deep and comprehensive free trade agreement between RM and EU is to be held in Chisinau on March 19-23, 2012
- 13:43 Quality of Moldovan wines stabilized – Rospotrebnadzor
- 13:43 WB appoints new country director for Ukraine, Belarus and Moldova
Monday, 6 february, 2012
- 06.02 16:08 In 2011 the external state debt of Moldova increased by $26,3 mln.
- 16:08 Remittances from abroad made in favor of individuals via banks grew by 16,9% ($209,65 mln.), to $1 bln. 453,79 mln. in Moldova
- 15:25 "Termocom" are banii, dar nu-i poate plăti creditorilor
Saturday, 4 february, 2012
Friday, 3 february, 2012
- 03.02 16:16 Ukraine calls on Moldova to stop hampering Ukrainian carriers delivering cargoes to Transnistria
- 16:16 The resolution of the National Bank of Moldova to reduce the basis rate of refinancing by 2 p.p. from 8,5% to 6,5% comes into effect
Thursday, 2 february, 2012
- 02.02 16:34 The inflation forecast for 2012 by the National Bank of Moldova remains does not exceed the limits of 1 figure
- 12:27 IMF management board approves 77-million-dollar instalment for Moldova
Wednesday, 1 february, 2012
- 01.02 15:55 Transnistrian government will pay special attention to agri-industrial sector development
- 15:22 Leakages in heating system are inevitable, Termocom
- 15:20 Moldova reports 11-per-cent increase in gas consumption because of frost
- 15:19 Moldova earns 118 million lei from privatization in 2011
Tuesday, 31 january, 2012
- 31.01 20:54 10 thousand tones of wheat are planned to be purchased in the state reserve of Moldova in 2012., - Vasile Bumacov
- 20:53 In 2012 the flat rate of excises on cigarettes has doubled in Moldova
- 16:04 Moldova earns 118 million lei from privatization in 2011
Monday, 30 january, 2012
- 30.01 16:13 The companies of Moldova whose annual turnover has exceeded 2 mln. leis have to install POS-terminals
- 16:12 Administrative board of the Fund on attracting investment and promoting export has adopted the plan of the actions to be backed by the fund in 2012
- 14:26 Both residents and non-residents will pay 6% dividend tax
Friday, 27 january, 2012
- 27.01 16:45 The state budget revenue of Moldova made up 18 bln. 637,8 mln. leis ($1,58 bln.) in 2011, 8,6% (1470,1 mln. leis) up as compared with 2010
- 10:18 86 trade marks are participating in "Trade Mark 2011", a competition
Thursday, 26 january, 2012
- 26.01 16:42 Moldovan agricultural production up by 4.6 per cent in 2011
- 16:41 National Bank of Moldova forecasts lower inflation rate in 2012
- 15:31 The share of non-performing loans in the banking system of Moldova made up 10,66% as of the end of December, 2,67 p.p. down within the year
- 15:30 Moldova sees limitations for backing producers of agricultural products in 2012, - Vasile Bumacov
- 15:18 Agriculture Ministry will not leave farm lands abandoned – Vasile Bumacov
- 9:39 City hall of Chisinau has approved the agreement with EBRD providing co-financing of the project on modernization of high streets of Chisinau appraised at 22 mln. euro
- 9:38 The Government of Moldova has approved the order of using means of the fund for subsidiaries to agricultural producers
Wednesday, 25 january, 2012
- 25.01 16:48 The resolution to allot the next installation of the IMF loan to Moldova can be adopted at the sitting of the board of directors of the fund to be held on February, 1
- 15:27 Gaz transit through Moldova up by 18 per cent in 2011
- 14:00 Law on Moldova state budget 2012 comes into effect today
- 13:31 Carriers demand increasing fares by 10% now and another 10% in summer
- 10:28 Marculesti-Soroca, a railway branch, is planned to be constructed in Moldova. It will pass round Transnistria and make the path to Ukraine 235 km. shorter
- 10:27 EBRD has lowered the forecast in growth of GDP of Moldova for 2012 by 0,5 p.p from 4% to 3,5%
Tuesday, 24 january, 2012
Monday, 23 january, 2012
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