Romania’s president urged Moldova on Wednesday to reform its justice and banking systems so the government can get a $65 million loan that Moldova needs to prevent an economic collapse.
President Klaus Iohannis said he did not know how long it would take Moldova, a close ally, to fulfil the terms of the loan being offered by the Romanian government, which has demanded that Moldova fight corruption, sign a draft agreement for a loan from the International Monetary Fund and appoint a central bank governor to get the money.
“We are waiting for the first very concrete steps,” said Iohannis. “I think the (Moldovan) government has every interest in rapidly starting these reforms, but we can’t know whether it will take a month, three or six. We decided to give Moldova humanitarian aid ... to help people there.”
Moldova is one of Europe’s poorest countries, with an average monthly salary of just 220 euros ($245). The country has been hit by months of protests and political instability following the disappearance of more than $1 billion from three Moldovan banks prior to the November 2014 parliamentary election. Protesters are demanding a transparent probe into the missing money and a new election.
Iohannis met Moldovan President Nicolae Timofti in Bucharest to talk about Moldova’s current political and economic situation. Timofti said Moldova should stay on a pro-European course.
“We talked about political, geopolitical and economic risks. Avoiding them would place Moldova in a stable European space,” Timofti said.
Moldova, a former Soviet republic, signed a trade and political association agreement with the European Union in 2014, something Russia opposes.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Before the fear of being blown up on a plane, or a train, or a sidewalk gave millions of people sleepless nights, before the threat of global climate disaster stirred dread, nuclear annihilation was the stuff of nightmares.( ) Read all
A significant event took place in the history of Georgia on 24 August 1995- the Parliament of Georgia adopted the Constitution of Georgia. The Constitution enshrines the will to establish a democratic, and Rule of Law based social state, to enhance the state independence and peaceful...( ) Read all
At a Monday press conference in Kyiv, Ukraine, the Ukrainian Security Agency (SBU) announced that it had intercepted passenger manifests from Russian MoD-chartered airliners transporting mercenaries working for Wagner, a Russian private military company (PMC). The manifests, involving...( ) Read all
Walking my dog recently, early on a dark January morning, I noticed a light from a window on the ground floor of the school near my home. I took a peek inside. Somebody was preparing the classroom for a technology education lesson, or what we call in this part of the world a “labor...( ) Read all
In response to a request for interim measures in the context of a new inter-State application lodged by the Government of Ukraine against the Russian Federation under Article 33 (Inter-State cases) of the European Convention on Human Rights, the European Court of Human Right has put factual...( ) Read all
The Ministry of Justice of Ukraine, on behalf of the Cabinet of Ministers, has appealed to the European Court of Human Rights (ECHR) for the protection of Ukrainian sailors captured by the Russian Federation.( ) Read all
Following a Russian attack on three Ukrainian ships near the Kerch Strait, the Ukrainian Parliament has greenlighted a decision to impose martial law in nearly half of the country. On 26 November, the Verkhovna Rada of Ukraine voted to impose martial law in 10 Oblasts of Ukraine for 30 days...( ) Read all
On Sunday, delegates of the general assembly of Interpol — the International Criminal Police Organization, the coordinating body for law enforcement from 192 countries — met in Dubai for their 87th annual session. The most important agenda item will come on the final day: on...( ) Read all
A Romanian man was surprised to find 95,000 euros ($107,000) stashed inside a secondhand cupboard he’d bought — and promptly returned the money.( ) Read all
"First of all I want to mention what my colleagues from commission told me. They said that commission hearing was canceled because of Maia Sandu, who is abroad, required to cancel this hearing, because she is participating at a Congress of Popular European Party at Helsinki if I'm not wrong....( ) Read all
KIEV, Ukraine — In the spring of 2015, Ukrainian President Petro Poroshenko was desperate for Mark Zuckerberg’s help. His government had been urging Facebook to stop the Kremlin’s spreading of misinformation on the social network to foment distrust in his new...( ) Read all
Staunton, October 22 – Despite the fact that Ukraine’s Orthodox church is about to be granted autocephaly and ever more people in Belarus are expressing hope that their country will be the next to escape from under the yoke of the Moscow Patriarchate, few have paid...( ) Read all
WASHINGTON — Russians working for a close ally of President Vladimir V. Putin are engaging in an elaborate campaign of “information warfare” to interfere with the American midterm elections next month, federal prosecutors said on Friday in unsealing charges against a woman...( ) Read all