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.
Acquisition follows Blue Air's fast expansion on the Romanian market, where it is now the second largest player in terms of passenger traffic.
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.
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.
Companies from labour intensive industries like textiles and garment production are investing in Moldova as wages rise in Romania and CEE.