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.
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.
President Maia Sandu steps in to resolve crisis at CFM whose 6,500 employees have received no wages for five months.
MPs attempted to change the composition of the Constitutional Court after it approved President Maia Sandu’s request for snap elections.
Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.
But pandemic has delayed restart of convergence with Western Europe until 2023.
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.
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.
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.
Over 4,000 COVID-19 cases daily are being reported in Bulgaria, Romania and Serbia, putting hospitals under strain.
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 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.
Parliament commission probes privatisation deals struck when Moldova was under the control of former Democratic Party leader Vlad Plahotnuic.
Emerging Europe has a growing number of female politicians taking a stand against corruption and authoritarianism.
Azeri businessman Rafiq Aliyev is trying to regain control of Moldova’s Giurgiulesti port operator Danube Logistics (MD) through the courts.
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.
Cegeka intends to employ 200 people in Moldova as it expands its presence in Eastern Europe.
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.