Investigation launched after media claimed Ilan Shor, the visible beneficiary of Moldova’s $1bn bank frauds, paid $42,000 to cover former prime minister Iurie Leanca’s son’s tuition at a private UK college.
Global wine production rebounded in 2018 after last year’s historically low harvest, OIV data shows, with some of the East European wine producers expecting massive hikes in output this year.
The slower rise in transfers might help the central bank prevent further strengthening of the local currency: it remained steady versus the euro and weakened by 1.5% versus the US dollar during October.
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.