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Moldova's news
Governor of National Bank of Moldova says 2012 year to be complicated
The 2012 year will be complicated because of the crisis in the Euro-zone. Yet, for the time being, we do not speak about the 2009 scenarios, when the economies from the region decreased, including the Moldovan one, the governor of the National Bank of Moldova (BNM), Dorin Dragutanu, has told MOLDPRES.
In 2009, the Gross Domestic Product (GDP) dropped to minus 4 per cent and the economies from the region contracted. Russia's economy decreased by 5-6 per cent and the one of Ukraine by 15 per cent. The BRENT oil price sharply diminished under 80 dollars per barrel. Now, a 0.3-per cent decrease in the GDP of the euro-zone countries is forecast and the oil price will be relatively stable and will maintain at over 100 dollars per barrel. Russia cannot but have an increase of at least 3 per cent with such prices. And if Russia has such a growth, we have nothing to do but to watch our time, Dragutanu also said.
The BNM governor rules out the fact that, in 2012, Moldova may find itself in the situation of 2009. "We will have an economic growth in 2012. Yet, it will be lower than expected. Nevertheless, the situation might change during the next three-four months, and then our GDP will be even better," Dorin Dragutanu stressed.
The BNM governor emphasized that the present situation "requires prudence on behalf of decision-makers in terms of economic stabilization policies and early identification and implementation of measures to counteract potential negative effects on the economic activity and stimulate the domestic demand."
Last November, the BNM started undertaking measures to overcome this more difficult period easier by lowering the basic rate from 10 to 6.5 per cent several times.
The International Monetary Fund has recently said that, after a good growth of the Moldovan economy in 2011, "a tempering of the economic growth is probable in 2012, against the background of a slowing down of the economic growth pace in the states that are Moldova's main trade partners."
Moldpres
Moldova's news
Wednesday, 23 may, 2012
- 23.05 17:15 Moldova and Romania preparing to launch construction of Ungheni-Iasi gas pipeline, Filat says
- 15:31 Moldovan government passes draft law on equality of chances
- 15:29 Authorities direct attention to Moldova’s small towns
- 15:28 High winds and heavy rain with hail expected in parts of Moldova
- 15:26 Law on chemical cauterization of pedophiles returns to Parliament
- 13:08 Columna St will be closed for traffic throughout summer
- 13:08 Governments of Moldova and Romania set common priorities
- 12:56 Moldovan National Palace to bear great folk singer's name
- 9:43 Moldova goes through to Eurovision final
Tuesday, 22 may, 2012
- 22.05 16:42 The Government of Moldova and EBRD signed the agreement on modernization of state enterprise Moldelectrica with the total commitment of $20 mln.
- 16:41 The share of sub-quality foods imported from Moldova to Russia grew from 5% in 2008 to 12% in 2011
- 15:36 Without the last two laws Moldova can be kept away from liberalized visa regime
- 15:34 Sweet cherry harvest in Moldova will be better than in 2011 – MoA
- 14:02 "Joy Time" exhibition of modern technologies is waiting for you
- 11:48 PDM challenges marriages, adoptions and parades of homosexuals
- 11:27 AEI Council comes together for meeting
- 11:25 Orthodox Christians celebrate translation of relics of St. Nicholas
Monday, 21 may, 2012
- 21.05 16:16 Revenue of the state budget of Moldova grew 16,6%
- 16:15 EBRD to extend a 35 mln. euros loan to Moldova to implement a new MoREFF project to enhance energy efficiency of the residential sector of our country
- 13:44 ProCredit Bank in association with the European Investment Bank (EIB)to provide finance for small businesses in Moldova
- 13:36 Moldovan Liberal Party conditions vote for law on equality of chances
- 12:48 Rain ruins hundreds of hectares of crops in different districts
- 12:47 Rain downs trees and floods houses in Chisinau
- 12:47 Personal assistance for persons with special needs
- 10:37 Israel’s independence celebrated in Chisinau for the first time
Saturday, 19 may, 2012
- 19.05 18:25 Karting championship continues!
- 15:46 Parent is the profession of these special people
- 10:04 Mourning Day for Maria Biesu
Friday, 18 may, 2012
- 18.05 16:33 Filat recommends Lupu to be more optimistic
- 16:33 Billboards may be placed vertically on illumination poles
- 16:33 Investing in MMM pyramid involves great risks, central bank
- 16:32 National Opera House named "Maria Biesu"
- 15:12 Moldovan Liberal Party seeks special parliamentary meeting to discuss 2009 riots
- 14:58 Moldovan parliament speaker meets OSCE parliamentary delegation
- 13:46 IMF lowered its project of GDP growth in Moldova for 2012 from 3,5% to 3%
- 12:46 Investing in MMM pyramid involves great risks, central bank
Thursday, 17 may, 2012
- 17.05 15:26 Moldovan military take part in NATO exercises in Macedonia
- 15:25 Meat sellers may get back right to operate based on patents
- 15:25 President Nicolae Timofti hopes Moldova will sign association agreement with EU "within a reasonable time"
- 15:07 May 19 declared national mourning day
- 13:50 Moldovan MPs at odds over draft national development strategy
- 11:30 Teachers’ pays will not be raised as planned
- 11:25 Plahotniuc determined to change from inside system that protects itself
- 11:17 Foreign Ministry warns about mass demonstrations in Frankfurt am Main
Wednesday, 16 may, 2012
- 16.05 17:06 National Opera House will be named "Maria Biesu"
- 17:05 Maria Biesu will be buried May 19
- 16:39 Maria Biesu was a golden epoch, Mihai Munteanu
- 15:28 EU diplomat warns Moldova of drawbacks in fight against corruption
- 14:54 Almost ¾ of population do not enjoy decent living conditions, poll
- 14:53 Wedding and christening ceremonies are healthier, but more expensive
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