Moldova

Businessman implicated in $1bn bank frauds linked to Air Moldova acquisition

Iulian Ernst in Bucharest October 5, 2018

Romanian budget carrier Blue Air's name is on the deal but investigations by Moldovan media point to the Russian owners of Chisinau Airport operator Avia Invest — recently managed by businessman Ilan Shor — as the real new owners of Air Moldova.

Romania lowcoster Blue Air buys Moldovan flag carrier in €61.5mn deal

bne IntelliNews October 3, 2018

Acquisition follows Blue Air's fast expansion on the Romanian market, where it is now the second largest player in terms of passenger traffic.

EBRD takes 41% in Moldova’s biggest bank MAIB as banking sector turnaround begins

Ben Aris in Berlin October 2, 2018

Moldova has been a banking black hole for more than two decades. But a deal where the EBRD and two funds take 41% in the country's biggest bank suggests the financial sector may be turning the corner.

Moldova’s central bank maintains hawkish monetary policy

Iulian Ernst in Bucharest September 3, 2018

Decision to keep the policy interest rate at 6.5% indicates the central bank considers the healing of the banking system from the $1bn frauds that culminated in 2014 is not yet completed.

Moldova’s industrial growth accelerates to 10.8% y/y in Q2

bne IntelliNews August 13, 2018

Companies from labour intensive industries like textiles and garment production are investing in Moldova as wages rise in Romania and CEE.

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