Moldova seeks $550mn from IMF and new €100mn MFA with EU

Iulian Ernst in Bucharest July 9, 2020

PM Ion Chicu says a new IMF arrangement is "essential" to help Moldova through the coronacrisis.

Moldova’s ruling Socialists accused of “abducting” MP after he defected to Pro Moldova

Iulian Ernst in Bucharest July 2, 2020

Stefan Gatcan fled the country after telling prosecutors he was physically forced to sign his resignation as an MP by his former colleagues from the Socialist Party.

Remittances to Moldova spike in May amid lockdown relaxation in Europe

Iulian Ernst in Bucharest June 25, 2020

Gross transfers from abroad to Moldovan households increased by 22% y/y to $142mn in May, reflecting payments delayed during the lockdown period.

Moldovan president seeks pro-EU parties’ support against “oligarchs”

Iulian Ernst in Bucharest June 19, 2020

Fugitive businessman and politician Vlad Plahotnuic is believed to be preparing the ground for a return to Moldova. But Igor Dodon will struggle to persuade the pro-EU opposition to work with him again after using and discarding them last year.

COMMENT: Global remittances to suffer a blow from COVID-19

Gerelyn Terzo of Sharemoney in New York June 18, 2020

Instead of triggering an increase in remittance payments, which is typical during times of crisis, the uncertainty surrounding the COVID-19 pandemic has caused migrant payments to households in developing countries to slow dramatically.

Spikes in new COVID-19 cases reported in several European emerging market countries

bne IntelliNews June 16, 2020

As governments continue to lift lockdowns and travel restrictions across Central, Eastern and Southeast Europe, several countries in the region have reported record-high numbers of new infections in the last few days.

Moldova brings army onto the streets again as COVID-19 figures deteriorate

Iulian Ernst in Bucharest June 15, 2020

Army will enforce social distancing as the situation has deteriorated abruptly over the past couple of weeks.