Moldova

Moldovan banks close to pre-crisis profitability

bne IntelliNews January 26, 2022

The aggregate profit of the Moldovan banks increased by 54% y/y to €115mn in 2021.

Gazprom threatens to cut off gas supplies to Moldova on January 21

Iulian Ernst in Bucharest January 20, 2022

With one day left to pay $63mn gas bill, Moldovan Deputy PM Spinu claims 'change of attitude' by Russian gas giant since pro-EU government came to power in Chisinau.

Moldova seeks last-minute solutions to avoid new gas crisis

Iulian Ernst in Bucharest January 13, 2022

Repeat of November gas crisis looms as Moldovan gas importer Moldovagaz lacks the €25mn needed to pay the January bill to its parent company Gazprom.

Headline inflation hits 13.9% y/y and is still far from peak in Moldova

Iulian Ernst in Bucharest January 12, 2022

Anticipated hikes in electricity prices are set to drive inflation up further.

OUTLOOK: 2022 Moldova

bne IntelliNews January 4, 2022

Moldova's economy is back to growth, with strong support from its western partners.

New COVID-19 wave looms in under-vaccinated Southeast Europe

bne IntelliNews January 4, 2022

Soon after Southeast Europe emerged from the autumn wave of the pandemic, cases are already rising again as the Omicron variant spreads in the region.

Moldova's current account gap doubles y/y to 12% of GDP at end-September

bne IntelliNews January 2, 2022

Strong increase in current account gap even compared to pre-pandemic period.

DEATH OF THE SOVIET UNION: BOOK REVIEW – Reassessing the causes of the Soviet demise

Clare Nuttall in Glasgow December 28, 2021

Vladislav Zubok’s book Collapse: the fall of the Soviet Union examines the causes of the breakup of the Soviet Union and challenges the view that the collapse was inevitable.

CEE banking: As good as it gets in (post-) crisis times and the challenging geopolitical environment

Gunter Deuber in Vienna December 20, 2021

Western European banks have made double-digit increases in the growth of their credit exposures to the CE/SEE region in the past 12-18 months.

DEATH OF THE SOVIET UNION: The borders drawn in the 1920s are serving Russia well in the 2020s

Clare Nuttall in Glasgow December 17, 2021

Frozen conflicts along contested borders in the former Soviet space have created levers for Russian influence.

Moldova’s foreign trade gap widens by 26% in 12 months to October

bne IntelliNews December 17, 2021

Compared to two years ago, before the pandemic, exports were down 0.4% and imports up 9.9%.

Moldova’s GDP up 8.3% y/y in Q3

bne IntelliNews December 16, 2021

Economic growth in Q3 was mainly influenced by the strong performance of the agriculture sector.

DEATH OF THE USSR: Remembering Moldova's children of the Gulag

Clare Nuttall in Glasgow December 13, 2021

An exhibition at the National Museum of History of Moldova tells the story of the tens of thousands of children deported from the Moldovan SSR.

Gas price hike sends Moldova’s inflation up to 12.4% in November

Iulian Ernst in Bucharest December 13, 2021

Moldova's central bank has raised the refinancing rate four times this year in an attempt to hold back soaring inflation.

DEATH OF THE SOVIET UNION: Widespread nostalgia but no going back

bne IntelliNews December 10, 2021

Many older citizens across the former Soviet Union look back nostalgically to the ‘golden age’ before the transition but few genuinely want a return to socialism.

BALKAN BLOG: Suspended Balti mayor race highlights Chisinau’s autocratic approach to reform

Iulian Ernst in Bucharest December 6, 2021

Frontrunner Marina Tauber accused the ruling PAS and President Sandu of being behind the decision to invalidate her candidacy.

LONG READ: East Europe fares better than West in gas crisis thanks to pricing terms

bne IntelliNews November 30, 2021

Europe has made a concerted push to end long-term contracts and switch to shorter-term gas hub prices. Countries in northern Europe that made that change have been burnt by the current gas price spike but those in the south that didn't fared better.

Real average wage in Moldova up 8.3% y/y in Q3

bne IntelliNews November 30, 2021

Annual advance slowed from the double-digit growth recorded in the previous three quarters but remains robust.

Moldova disburses €70mn from state budget to pay gas bill to Gazprom

Iulian Ernst in Bucharest November 26, 2021

Russian gas major had threatened to switch off gas supplies to Moldova over unpaid gas bill.

Russia’s Gazprom threatens to cut Moldova’s gas off in 48 hours over unpaid bill

Ben Aris in Berlin, Iulian Ernst in Bucharest November 23, 2021

Russia’s national gas company Gazprom warned the Moldovan government on November 22 it would cut off gas supplies unless an overdue payment for gas was settled within 48 hours.

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