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MOLDOVA


 

Key Economic Data 
 
  2002 2001 2000 Ranking(2002)
GDP
Millions of US $ 1,621 1,500 1,300 144
         
GNI per capita
 US $ 460 400 400 162
Ranking is given out of 208 nations - (data from the World Bank)

Books on Moldova

REPUBLICAN REFERENCE

Area (sq.km) 
33,843 

Population 
4,439,502

Principal 
ethnic groups 
Moldovans 64.5%
Ukrainians 13.8%
Russians 13.0%

Capital 
Kishinev 
(Chisinau)

Currency
Leu (plural: Lei)

President 
Vladimir Voronin

  

Update No: 284 - (27/08/04)

Transdniestrian leader against any unification with Moldova 
Moldova is having continuing problems with its TransDniestrian 'autonomous republic.' Actually to employ this common usage under communism of a component region or province with a predominant ethnic minority or minorities is appropriate in this case. 
Tirasopl is closing down Moldovan schools and blocking railways to indicate its separateness ahead of another round of negotiations about its status. The leader of the self-proclaimed TransDniestrian Moldovan Republic, Igor Smirnov, has spoken in favour of continuing negotiations on the republic's status in the five-sides format, including TranDniestria, Moldova, Russia, Ukraine, and the OSCE, but said the matter is not about unification. 
When meeting with members of non-government organizations recently, Smirnov said that "it is just impossible to imagine any unification between the TransDniestrian Moldovan Republic and Moldova. We have moved so far away from Moldova in all spheres that even if some unification took place now, this would not last long," he said. 
"It is simply out of the question that the ultimate goal of the settlement process could be subordinate status within Moldova for TransDniestria. We are prepared to negotiate on normalizing relations between the TransDniestrian Moldovan Republic and Moldova," the Tiraspol leader added. 
He accused Moldovan President Vladimir Voronin of trying to resolve his election problems "by escalating the tensions in the TransDniestrian area." Elections to parliament, which elect the president, are due in March next year.
"Transdniestria is prepared for any developments, and if Chisinau ventures an armed aggression, it will meet a proper response," Smirnov said. 

TransDniestr restive
The Dniester region has been using the usual expedient of an aggressive power that it is being provoked into this by the other side. It has begun mobilization measures "in view of the growing threat of an intrusion by Moldova," sources in the government of the self-proclaimed republic have told the press. 
The offices of military commissars have been checking the lists of reservists liable to military service, sorting them by arms and services and attaching to military units. Several thousand draft-age men are to be summoned for military retraining courses within days. 

Chisinau denies the charges
In the meantime, the Moldovan leadership has emphatically denied any intention to put pressure on the Dniester Region, saying this is "military hysteria in the press Tiraspol has triggered in an attempt to scare the population of the Dniester Region." 
"Claims in the mass media the Moldovan army has been holding military exercises near the Dniester Region are disinformation and can be easily refuted by military observers at the joint military command of the Russian-Moldovan-Dniestrian peace-keeping force and OSCE officials," Moldova's Defense Minister Viktor Gaichyuk has said. 
"In the current uneasy situation involving the problem of Moldovan schools in the Dniester Region there are no aspects capable of drawing the military's attention," he said. 
Moldovan presidential internal policies adviser, Mark Tkachyuk in an interview with Tass dismissed as "falsehoods and provocations" claims by Dniester Region mass media to the effect President Vladimir Voronin had left the country on vacation to shirk the responsibility for an act of aggression Moldovan law enforcers and military were preparing for. 
The Moldovan president, who was vacationing at the Czech health resort Karlovy Vary at the time "is closely monitoring the situation in the country," Tkachyuk said. "Voronin holds daily long-distance conferences and hearing reports by government officials on the situation in the country following the decision by the authorities in Tiraspol to close down Moldovan schools and block railways."

World Bank, IMF to consider economic growth strategy for Moldova 
The boards of the World Bank and the International Monetary Fund will consider a final draft of the national Economic Growth and Poverty Reduction Strategy for Moldova on August 30 and September 8, respectively, Moldovan Economy Minister Marian Lupu said. 
The World Bank board of directors will also consider a mid-term support program for Moldova for 2004-2006. 
"The minimal size of support the World Bank will provide for Moldova to help it put investment projects included in the Economic Growth and Poverty Reduction Strategy into practice is estimated at US$90 million, with the possibility of raising this figure to US$130 million-US$140 million [after additional talks]," the minister said.
The World Bank will allocate US$90m to Moldova over the next three years to implement investment projects, Moldovan Economy Minister Marian Lupu declared at a news conference in Chisinau, Moldova. According to him, if the republic's strategy of economic growth and decreasing the poverty level is implemented successfully, Moldova may get up to US$150m.
The minister specified that the received resources would be invested in developing agriculture, social assistance, education, infrastructure, support to small and medium-sized businesses. At the same time Lupu admitted that if the volume of finances was increased, some funds would be used to cover a budget deficit. 

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FINANCIAL NEWS

Moldova reports increase in foreign investment


Moldova attracted US$32m in foreign direct investment in the first quarter of 2004, up by 68 per cent on the same period last year, Moldova One television reported.
Russia was the top investor, accounting for 25 per cent of the total figure and followed by Spain, the USA, Holland, Switzerland, Germany and Romania. The energy sector and water companies attracted 35 per cent of the FDI, processing industry 27 per cent, trade 16 per cent and transport and communications 12.4 per cent. Companies with foreign capital account for 30 per cent of Moldova's exports and 23 per cent of imports, the TV said.

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FOOD & DRINK

Comrat winery for sale

The Department of Privatisation announced recently a privatisation through tender of the Vinuri de Comrat winery, Infotag reported. 
On offer is the 21.94% stake in the company whose statutory capital is currently estimated at 9.37m lei. So far, only one winery, Nis-Struguras, has been privatised in this way. Its buyer - DP-Intertrade - took the company over for US$1.75m, supplemented by another US$5.1m put in production development and planting 300ha of vineyards. On top of that, the new proprietor promised to lend the Nisporeni administration US$200,000 (interest-free) for a gas installation programme. An attempt to sell off an 88.8% stake in another Moldovan winery Cojusna ended in failure; the only bidder - Vinar-Zimbreni - failed to satisfy the tender requirements.

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FOREIGN LOANS & AID

World Bank to allocate US$90m to Moldova

The World Bank will allocate US$90m to Moldova over the next 3 years to implement investment projects, said Moldovan Economy Minister, Marian Lupu, at a news conference in Chisinau recently, Interfax News Agency reported. 
He said Moldova may get up to US$150m, if the republic's strategy of economic growth and decreasing the poverty level is implemented successfully. The minister said that the received resources would be invested in developing agriculture, social assistance, education, infrastructure, support to small- and medium-sized enterprises (SMEs). Lupu admitted that if the volume of finances was increased, some funds would be used to cover a budget deficit. The boards of the World Bank and the International Monetary Fund have considered a final draft of the national Economic Growth and Poverty Reduction Strategy for Moldova, Lupu said.


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