As a president with questionable allies and commercial partners renews his attacks on the foreign owner of the country’s only international airport, foreign capital takes flight for good.
Expansion was driven by the construction sector that contributed 3.3pp to overall growth in the second quarter.
Food prices (up 8.4% y/y in August) have been and will remain until the end of the year one of the key inflationary drivers in Moldova.
Moldovan central bank says move is in line with international regulations against money laundering and terrorism financing, but officials in the breakaway republic suspect a political motive too.
Decision came shortly after a fund owned by Nat Rothschild took control over Avia Invest, which holds the concession, from an unknown owner represented by Ilan Shor, the visible beneficiary of Moldova's $1bn bank frauds.
Auditor’s decision to withdraw three years of reports is likely to change the outcome of the $500mn international legal battle between businessman Anatol Stati and the Kazakh state.
Bass Systems won large contracts with the state during the Democratic Party's rule that abruptly came to an end in June.
President Dodon says the 2013 concession contract for Moldova's only international airport is being reviewed and should be cancelled.
2013 concession of Chisinau airport to a “group of crooks” must be investigated, says President Igor Dodon, after re-sale of the airport’s operator to financier Nat Rothschild.