Moldovan prosecutors probe whether suspected fraudster paid school fees for deputy PM’s son

bne IntelliNews November 8, 2018

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.

Wine production going strong in Eastern Europe

bne IntelliNews October 31, 2018

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.

Currency transfers to Moldova decelerate to 2.5% y/y in Q3

bne IntelliNews October 29, 2018

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.

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.