Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
Moldova has been paying high spot prices to Gazprom since October 1, when the Russian gas company also cut the gas supplies by one third.
National Bank of Moldova hiked the refinancing rate in September as inflation soared past its projections.
Since coming to power in Moldova, President Maia Sandu and her PAS have sought to remove Stoianoglo from his post as part of their cleanup of the judiciary.
Ahead of the EU-Western Balkans summit on October 6, a leaked EU document revealed that several EU member states are seeking to restrict visa-free travel for some nationals from the region as well as other East European countries.
In annual terms, industrial output still increased by an impressive 16.2% in July as an effect of subdued activity last summer.
With relatively few true success stories in the fight against corruption in emerging Europe, the efforts of the Romanian DNA to bring corrupt officials to book remain one of the few shining lights of the anti-corruption struggle in the region.
Consumer price inflation was driven up by higher prices of fuel, construction materials and some food items.
Government will be able to dismiss the heads of Moldova's energy and financial markets regulators as it seeks to clean the system of corrupt officials — but critics say it threatens their independence.
MAIB is already listed on the Moldovan stock exchange, but is eyeing a listing in London, Amsterdam, Warsaw or Bucharest.
Match-fixing is a serious problem in Moldova, where in December 2020 half of the teams in the top football league were revealed to be involved in the practice.
Backed by a powerful holding company that controls much of the economy and political scene in the Moldovan separatist republic of Transnistria, FC Sheriff Tiraspol is closing in on a place in the Champions League.
Prosecutors told to draw up a new strategy to remove funds siphoned off from three Moldovan banks.
Exports increased by 31% y/y to $647mn while imports soared by 67% y/y to $1.72bn.
As it approaches its 30th anniversary of independence, Moldova has never had better conditions to carry out reforms than it does today.
Prime Minister Natalia Gavrilita’s government plans ambitious judicial reforms but will have to balance high public expectations and its limited resources.
As her PAS party prepares to form a new government, President Sandu says it will have to "find urgent solutions to a multitude of problems".