Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Moldova's PM nominates new economy minister as problems mount

Published 11/16/2022, 09:37 AM
Updated 11/16/2022, 09:44 AM
© Reuters. FILE PHOTO: Prime Minister of Moldova Natalia Gavrilita speaks in the Treaty Room at the State Department, before a meeting with Secretary of State Antony Blinken, in Washington, U.S., July 19, 2022. Manuel Balce Ceneta/Pool via REUTERS/File Photo

CHISINAU (Reuters) - Moldova's prime minister proposed senior parliamentarian Dumitru Alaiba as economy minister on Wednesday as the country tries to deal with the impact of the war in Ukraine and rising food and energy prices.

Prime Minister Natalia Gavrilita told a government meeting that Alaiba, who chairs parliament's economy, budget and finance committee, would replace Sergiu Gaibu and would help promote government policy better.

"The personnel changes are aimed at better managing the economy and better trade, which will allow the government programme to be carried out," she said.

Alaiba's appointment requires the approval of President Maia Sandu.

Moldova's pro-Western government has resisted calls to resign by protesters who have staged demonstrations over steep price increases, particularly for gas bought from Russia.

The tiny former Soviet republic, which lies between Ukraine and Romania, expects zero economic growth this year and inflation of more than 28%. Last year the economy grew by almost 14%.

Problems have been compounded by the war in Ukraine, and thousands of Ukrainian refugees have arrived in the country since Russia invaded its neighbour on Feb. 24.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.