Turnover in retail trade jumped 19% y-o-y in January of 2022 in Moldova, data published by the statistics bureau BNS showed on Monday (March 21). On a monthly basis, turnover in retail trade fell 14.7%. The outstanding figure comes despite the rise in consumer prices. In February 2022 compared to February 2021 the average consumer prices (for the last 12 months) increased
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Moldova’s gas importer and distributor Moldovagaz announced on Monday (Feb. 21) that it has transferred to the Russian state-owned energy giant Gazprom the amounts due for the natural gas supplied in the first half of February 2022. The value of the transfer was 9.256 million US dollars, this being the final tranche of the 51.256 million dollars, which had to be be
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The National Bank of Moldova (BNM) raised its key interest rate by 200 bps to 10.5% at a monetary policy meeting on Tuesday (Feb.15). This was the fifth consecutive hike as the central bank aims to tame the rise in consumer prices and bring inflation down its targeted range of 5 +/- 1.5%. “Raising the base rate … will help stop the
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