Moldova
Moldova’s ruling Socialists accused of “abducting” MP after he defected to Pro Moldova
Stefan Gatcan fled the country after telling prosecutors he was physically forced to sign his resignation as an MP by his former colleagues from the Socialist Party.
Remittances to Moldova spike in May amid lockdown relaxation in Europe
Gross transfers from abroad to Moldovan households increased by 22% y/y to $142mn in May, reflecting payments delayed during the lockdown period.
Moldovan president seeks pro-EU parties’ support against “oligarchs”
Fugitive businessman and politician Vlad Plahotnuic is believed to be preparing the ground for a return to Moldova. But Igor Dodon will struggle to persuade the pro-EU opposition to work with him again after using and discarding them last year.
COMMENT: Global remittances to suffer a blow from COVID-19
Instead of triggering an increase in remittance payments, which is typical during times of crisis, the uncertainty surrounding the COVID-19 pandemic has caused migrant payments to households in developing countries to slow dramatically.
Spikes in new COVID-19 cases reported in several European emerging market countries
As governments continue to lift lockdowns and travel restrictions across Central, Eastern and Southeast Europe, several countries in the region have reported record-high numbers of new infections in the last few days.
Moldova brings army onto the streets again as COVID-19 figures deteriorate
Army will enforce social distancing as the situation has deteriorated abruptly over the past couple of weeks.
Moldova heads towards political crisis again
The ruling Socialists are bleeding MPs to the new Pro Moldova party believed to be backed by fugitive politician Vlad Plahotnuic, but President Igor Dodon says he will obstruct any attempts by the opposition to form a new government.
Investors hot for corona Eurobond issues from Southeast Europe
Governments across the region have turned to the international capital markets to raise money to meet the gap between increased costs and lower revenues as a result of the coronavirus pandemic.