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REMITTANCES FROM ABROAD MADE IN FAVOR OF INDIVIDUALS VIA BANKS GREW BY 16,9% ($209,65 MLN.), TO $1 BLN. 453,79 MLN. IN MOLDOVA

07-02-2012

About $1 bln. 276,61 mln., that is 87,8% of the total volume of money transferred in 2011, against $1 bln. 072,24 mln. in 2010, were transferred via quick money transfer services, the National Bank of Moldova informs. Money transfers in Moldova made up $275,85 mln. in Q1, $367,38 mln. in Q2, $421,01 mln. in Q3 and $389,55 mln. in Q4. In December, 2011, remittances were $136,29 mln., $18,3 mln., or 15,5% up against $117,99 mln transferred in 2010. The biggest monthly transfers were recorded in September and amounted to $143,38 mln, with the least ones being registered in January and accounting for $71,51 mln. In 2011, in the structure of currency transfers, about 42,7% fell to USD, 42,2% to EUR and 16,1% to RUB. In 2010 remittances from abroad made in favor of individuals via commercial banks accounted for $1 bln. 244,14 mln., $62,12 mln or 5,3% up as compared with 2009. In 2010, in the structure of currency transfers to Moldova, 51,6% fell to transactions with USD, 38,7% to EUR and 9,7% to RUB. Remittances from abroad made in favor of individuals (residents and non0residents) are sums of money transferred in the country via National banking system, including international systems of money transfers. These sums are converted from the original currency into USD according to the official rate established by the National Bank on the date money are transferred on. The origin and the destination of these sums may be different. They include both: remittances from Moldovan labor migrants and other money transfers. The biggest receipts in Moldova come from Ruissia and Italy. According to the World Bank, remittances from Moldova’s labor migrants amount to 20% to 30% of GDP of Moldova. The all-time peak of the volume of money transfers to Moldova made in favor of individuals via commercial banks was recorded in 2008 when the sum reached $1 bln. 660,09 mln. within the year.

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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.

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  • 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.

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  • 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.

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  • 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).

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