Menu

Login

Polls

What is your forecast for the business development in Moldova in 2012:

Banners

All news

News


THE INFLATION FORECAST FOR 2012 BY THE NATIONAL BANK OF MOLDOVA REMAINS DOES NOT EXCEED THE LIMITS OF 1 FIGURE

03-02-2012

The National Bank of Moldova has lowered its inflation forecast for 2012 from 6,5% to 4,9%, and it is projected to amount to 4,8% in 2013. The annual inflation rate will exceed the limits of the corridor set by the National Bank and make 5% ±1,5 p.p., Dorin Dragutanu, President of NBM informs. The change in the forecast is determined by slower growth in prices for foods in the context of more negative expectations an global markets; slower rise of regulated price expected starting from the Q1, 2012; stabilization of value of energy sources at global markets. At the same time, according to the President of NBM, in 2012 the policy of stimulating domestic demand, promoted by NBM, it is projected growth of GDP higher than it was expected. Deflationary process predicted has started earlier this year caused by the situation in the Euro area. This may lead to less demand at both: regional and global levels, which will result in less value of energy and provision. Anticipating deflationary process and to minimize external and domestic risks, NBM has reduced the basis rate of refinancing from 10% to 6,5% months within last r months. If the economic recession in the euro area globalizes, the deflationary process will continue, Dorin Dragutanu has noted.

InfoMarket


Other news

  • 18-05-2012

  • INDUSTRIAL PRODUCTION DECREASED 3,4%. IN JANUARY-MARCH, 2011 IN MOLDOVA AS COMPARED WITH THE LIKE PERIOD OF 2010

    17-05-2012

    According to the National Bureau of Statistics, the volume of industrial production declined 4,5% in March, 2012 as compared with March, 2011 The decline in industrial production was explained by 9,1% lower production in the mining industry, by 3,1% lower production in the processing industry and the 3,8% less production in the energy sector.

    Details

  • THE SALES TURNOVER OF RETAIL ENTERPRISES GREW 19,6% IN MARCH, 2012 AS COMPARED WITH FEBRUARY

    17-05-2012

    According to the National Bureau of Statistics, this is 1,2% up as compared with the same period of 2011. In Q1, 2012 the sales turnover of enterprise with retail sales as their primary business line grew 4,4% in comparable prices against numbers of Q1, 2011. The sales turnover of enterprises rendering market services to population increased 18,9% as compared with the previous month and 3,4% as compared with March, 2011. In Q, 1, 2012 their turnover increased 3,7% in comparable prices as compared with Q1, 2011.

    Details

  • THE EUROPEAN COMMISSION HIGHLY APPRECIATES PROGRESS AND PROSPECTS OF MOLDOVA ON ITS WAY TO THE INTEGRATION INTO EUROPE, -HEAD OF EC DELEGATION IN RM DIRK SCHUEBEL

    17-05-2012

    As presenting an annual EC report on implementation of the European Neighboring Policy, realized since 2011, at a press-conference on Tuesday, he said that within the last year Moldova achieved significant progress in lots areas and stands a chance to be given a “chunk of the pie” from the budget assigned by EC for realization of ENP.

    Details

  • THE AVERAGE WAGE IN THE ECONOMY OF MOLDOVA MADE UP 3273,5 LEIS IN MARCH, 2012, 9,7% UP AS COMPARED WITH MARCH, 2011

    15-05-2012

    Adjusted to inflation, it grew 4,1% in real terms. The average wage was2957,5 leis if the budget sector and 3423,6 leis in the real sector, growing 11,9% and 8,8% respectively. According to the National Bureau of Statistics, the highest average salary was paid to workers of the banking sector and made 7214,8 leis(+15,6% against March, 2011).

    Details
Developed in the company
© 2003-2009, Timpul. All rights reserved. Full or partial copying of materials prohibited,
a resource.