Fugitive businessman promises to recover $1bn stolen from Moldovan banks

Iulian Ernst in Bucharest May 4, 2021

Prosecutors are expected to accept Ilan Shor’s offer to help recover the stolen money in exchange for the termination of all lawsuits against him as Moldova urgently needs the money.

Moldovan president dissolves parliament, calls snap election

Iulian Ernst in Bucharest April 29, 2021

The prolonged political turmoil in Moldova, which started with the general election in February 2019, may eventually end if President Maia Sandu’s party wins a convincing majority in parliament.

Moldovan president accuses management of driving state rail company into bankruptcy

Iulian Ernst in Bucharest April 28, 2021

President Maia Sandu steps in to resolve crisis at CFM whose 6,500 employees have received no wages for five months.

EU condemns Moldovan parliament’s vote to sack top Constitutional Court judge

Iulian Ernst in Bucharest April 26, 2021

MPs attempted to change the composition of the Constitutional Court after it approved President Maia Sandu’s request for snap elections.

M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

Moldova enters state of emergency amid overlapping health and political crises

Iulian Ernst in Bucharest April 1, 2021

The parliament’s decision to impose a 60-day state of emergency was condemned by President Maia Sandu, who said it was intended to delay early elections.

MITTELEUROPEAN INSIGHTS: Central and Southeastern Europe head for a V-shaped recovery

Gunter Deuber and Nicolae Covrig of Raiffeisen Research in Vienna and Bucharest March 19, 2021

The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.

Bulgaria the latest to announce lockdown as new COVID-19 wave descends on Southeast Europe

bne IntelliNews March 18, 2021

Over 4,000 COVID-19 cases daily are being reported in Bulgaria, Romania and Serbia, putting hospitals under strain.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.

President appoints new PM-designate as Moldova faces third coronavirus wave

Iulian Ernst in Bucharest March 17, 2021

President Sandu has a good chance of either getting Ion Grosu backed by parliament or forcing early elections after rival candidate made surprise move to London.

Details of frauds related to murky Air Moldova privatisation revealed

Iulian Ernst in Bucharest March 10, 2021

Parliament commission probes privatisation deals struck when Moldova was under the control of former Democratic Party leader Vlad Plahotnuic.

The female voice of change

Clare Nuttall in Glasgow March 8, 2021

Emerging Europe has a growing number of female politicians taking a stand against corruption and authoritarianism.

EBRD to fight legal decision to impose external administration over Giurgiulesti port operator

Iulian Ernst in Bucharest March 4, 2021

Azeri businessman Rafiq Aliyev is trying to regain control of Moldova’s Giurgiulesti port operator Danube Logistics (MD) through the courts.

Moldovan Constitutional Court thwarts President Sandu’s bid to force early elections

Iulian Ernst February 24, 2021

Court says Sandu can’t re-appoint Natalia Gavrilita as PM-designate after her choice was voted down by the parliament, where the rival Socialists now have a majority.

Belgian IT company Cegeka opens office in Moldova

bne IntelliNews February 16, 2021

Cegeka intends to employ 200 people in Moldova as it expands its presence in Eastern Europe.

Moldova halfway to snap elections after lawmakers reject PM-designate Natalia Gavrilita

Iulian Ernst in Bucharest February 12, 2021

President Maia Sandu hopes to force a snap election by proposing a PM candidate the parliament will reject, but she could be thwarted by a new majority around ex-president Igor Dodon.