What is your forecast for the business development in Moldova in 2012:
Over 65% of wine export fell to three countries: Poland (25%), the Czech Republic (23%) and Romania (19%). According to the ministry of economy, within January-November, 2011 Moldova completely used the quota of 30 thousand tones given to it for maize supply to EU. This quota was fully drawn till the beginning of July. The biggest volumes of maize were imported to Greece - 60,81% of the total volume, Italy - 22,39%, Cyprus - 9,91% and Bulgaria – 5%. The wheat export quota (40 thou. tones) was drawn within 11 months of the last year at 74,85%. Over 29,9 thou. tones of wheat was exported abroad. The biggest volumes of wheat fell to Italy - 62,05%. The barley export quota was used at 29,4%, and 8,8 thou. tones of barley were imported to EU. The low degree of using this quota was determined by low prices for barley on EU markets. Over 27% of the total volume of barley imported fell to Italy. To support Moldova’s wine-makers, EU 50% increased quotas on free-charge supplies of wine from our country – from 100 thou. to 150 thou. of hectoliters. According to the decision of EU, quotas for free-charge supplies of Moldova’s wines in EU in 2012 will grew to 180 thousand of hectoliters (1,8 mln. of decaliters). Within 2013-2015 Moldova will be able to deliver to EU 240 thou. hectoliters (2,4 mln. deciliters) of wine annually. EU also adopted the resolution according to which quotas on barley from Moldova will be annually increased by 5 thousand tones and will grow from 35 thou. t. to 60 thou. t. in 2015. Quotas for maize from Moldova will increase from 30 thou. t. in 2011 to 40 thou tones in 2012. Then they will be raised by 5 thou. tones every year and will reach 55 thou, t. in 2015. At present Moldova is able to supply to EU without paying customs duties all products with the exception of 12 agricultural products which were quoted. Individual trade preferences have been granted to Moldova since March, 1, 2008. In February, 2012 Moldova and EU are going to hold the first round of the official talks on the Free and Comprehensive Trade Zone.
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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.
DetailsAccording 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.
DetailsAs 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.
DetailsAdjusted 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| EUR | 15.0734 | 0.0000 |
| USD | 11.8726 | 0.0000 |
| RUB | 0.3818 | 0.0000 |
| RON | 3.3889 | 0.0000 |
| UAH | 1.4744 | 0.0000 |
Exchange rate of NB RM on 20.05.12
| In Chisinau |
+15,0 °
|
| 20.05.12 | +14...+16 |
| Tomorrow | +17...+19 |
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