Menu

Login

Polls

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

Banners

All news

News


THE NATIONAL BANK OF MOLDOVA HAS LOWERED ITS INFLATION FORECAST FOR 2012 FROM 6,5% TO 4,9%

30-01-2012

The forecast has been revised under conditions of more active deflationary process caused by possible recession of the Euro area and more modest growth in economy, the National bank of Moldova has informed. NBM projects the inflation rate for 2013 at 4,8%. More thorough assessment of the macro-economic situation, medium term forecasts of inflation, possible risks and challenges the monetary policy of Moldova may face in the next period are to be presented by the National Bank in its first in this year “Inflation Review”. It is published on February, 2, 2012 as it has been scheduled. In 2011 inflation reached 7,8%. in Moldova. At the same time, NBM projected higher rates of consumer prices and in October, 2012 raised its forecast of inflation for 2011 from 8,4% to 9,6%. Price rates registered in 2011 which grew slower than it had been projected were determined by both; external and internal factors. NBM has listed among them the following ones: atypical weather conditions, development of international foreign exchange markets, volatility of the external economic environment, the trend of strengthening of the national currency against USD and EUR, decline in the internal economic activity under conditions of lower external demand and slower rates of growth in remittances from abroad. According to NBM, consequences caused by these factors were impossible to be defined at the stage of making the short-term inflation forecast in October, 2011. In 2012 deflationary pressure is predicted to become stronger because of possible economic recession in the Euro area. This will lead to the lower global demand, including regional ones, which may result in lower prices for mineral oil and foods at international markets, affecting by this local prices too. Decline in inflation in Moldova may be additionally influenced by recession in internal economic activity under conditions of lower external demand, slower rates of growth in remittances from abroad and in salaries and dynamics of Moldovan lei at the internal foreign exchange market.

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.