The austerity policy realized in Baltics during the crisis has resulted in some of the lowest budget deficit and debt levels in the European Union. However, Baltics are part of the six EU member states, which includes Luxembourg, Denmark and Slovakia, which are able to fulfill all Maastricht criteria. “Baltic States have managed to demonstrate…
Compared to November 2015, the average level of consumer prices increased by 1.3% in November 2016. Prices of goods grew by 0.6% and prices of services by 2.9%. In November the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related to transport,…
On December 16-20, an auction of public assets will be held at the Stock Exchange of Moldova. The state stakes in 23 joint stock companies valued at a total of MDL 773.97 million will be traded through voice trading, the press service of the Stock Exchange of Moldova informs. Among them are the 100% stake…
OP Corporate Bank plc commenced cooperation with Latvijas Gaze in relation to the provision of a loan worth EUR 35 million. The bank acquired rights to provide the loan by winning in Latvijas Gaze tender for re-financing of capital investments. The contract for the EUR 35 million loan with Latvijas Gaze has been signed for…
In 2017 Moldova expects to get credits at a total amount of MDL 7 billion 397.2 million ($362.6 million) to support the budget and continue externally-funded projects. This is provided for by the draft law on the 2017 state budget approved by the government. By estimates of the Finance Ministry, to continue the implementation of…
Moldova’s government expects to have MDL 220 million from the privatization of public assets and MDL 700 million from the sale of the liquidated banks’ assets. These amounts have been included in the 2017 state budget. In particular, MDL 220 million from the privatization of public assets and MDL 700 million from the sale of…
An International Monetary Fund (IMF) mission led by Martin Sommer visited Ashgabat on December 1-6, to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials and the diplomatic community. The expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan,…