Moldova capital

moldova capital

What is the economic capital of Moldova?

Apart from being the seat of government of Moldova, Chișinău is also the economic capital of the country. The city’s GDP accounts for about 60% of the GDP of the country. The mass media sector is one of the strongest sectors of Chişinău’s economy.

Is Moldova a country?

Moldova ( / mɒlˈdoʊvə / ( listen), sometimes UK: / ˈmɒldəvə /; Romanian pronunciation: [molˈdova] ), officially the Republic of Moldova ( Romanian: Republica Moldova ), is a landlocked country in Eastern Europe. It is bordered by Romania to the west and Ukraine to the north, east, and south. The capital city is Chișinău .

What is the currency of Moldova?

The National Bank of Moldova began issuing its own currency, the Moldovan leu, in 1993. By the mid-1990s Moldova had stabilized the leu, brought inflation under control, and balanced the national budget. Transdniestria has its own currency, the ruble, and its own central bank.

What is the population of Chişinău in Moldova?

According to the results of the 2014 census, the city proper had a population of 532,513, while the population of the Municipality of Chișinău (which includes the city itself and other nearby communities) was 700,000. Chișinău is the most economically prosperous locality in Moldova and its largest transportation hub.

What is the capital of Moldova?

After the independence of Moldova in 1991, Chișinău became the capital of the independent country. The Palace of the Parliament, the meeting place of the Parliament of Moldova, the Presidential Palace, the official residence of the country’s government, and other important government buildings of the country are present in Chişinău.

What is the economy like in Moldova?

On January 2, 1992, Moldova introduced a market economy, liberalising prices, which resulted in huge inflation. In 1993, a national currency, the Moldovan leu, was introduced to replace the Soviet ruble. The economic fortunes of Moldova began to change in 2001; since then the country has seen a steady annual growth of between 5% and 10%.

What is the national currency of Moldova?

In 1993, a national currency, the Moldovan leu, was introduced to replace the Soviet ruble. The economic fortunes of Moldova began to change in 2001; since then the country has seen a steady annual growth of between 5% and 10%.

What is the inflation rate in Moldova?

On the back of falling oil prices and weak domestic demand, inflation averaged 3.8 percent in 2020. In response, the National Bank of Moldova (NBM) has maintained the policy rate at a record low of 2.65 percent since November 2020 while the reserve requirement ratio in Leu was reduced to 26 percent from 42.5 percent in 2019.

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