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Moldova reported a higher unemployment rate in 2010, with the number of unemployed increasing by 11,000 people compared to 2009. Remittances to Moldova increased in January 2012 compared to the same period the previous year, despite the economic crisis. Moldova has the lowest wages in Europe, with minimum wages being twice lower than Romania and Bulgaria, and 20-25 times lower than countries like Belgium and the Netherlands. Moldova was ranked 81st in terms of most favorable business environment, moving up 18 spots compared to 2011.

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55 views

Fresh News

Moldova reported a higher unemployment rate in 2010, with the number of unemployed increasing by 11,000 people compared to 2009. Remittances to Moldova increased in January 2012 compared to the same period the previous year, despite the economic crisis. Moldova has the lowest wages in Europe, with minimum wages being twice lower than Romania and Bulgaria, and 20-25 times lower than countries like Belgium and the Netherlands. Moldova was ranked 81st in terms of most favorable business environment, moving up 18 spots compared to 2011.

Uploaded by

Daniela Munca-Aftenev
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Moldova reports higher unemployment rate in 2010 Despite of the crisis, remittances to Moldova increase

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Business News 11 April 2012

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The Breaking Moldova News


Moldova reports higher unemployment rate in 2010 The number of the unemployed increased by 11,000 people in 2010 against 2009 according to data by the National Statistics Bureau (BNS). About the 62 per cent of the unemployed were men and the same percentage were people from urban areas. BNS specialists said that more than a half of them have some job experience. The average duration of unemployment was 13-14 months in 2009. In 2010, about 311, 000 people leaved the country to work abroad. Most of them were men and people from rural areas. Moldova has the lowest wages in Europe Moldova has the lowest wages in Europe. According to Adevarul Moldova, the minimum wages are twice less than in Romania and Bulgaria and 20-25 times less than in Belgium, Netherlands and Luxembourg. In Moldova, the minimum wage is $92 (1,100 Moldovan Lei). Belarus and Ukraine are also among the states with the lowest income rates in Europe. The salary of a nurse varies between $100 and $150 a month while the salary of a teacher goes below $200 per month. A recent graduate who would like to get employed in the governmental system would be paid $67 as an entry-level employee. That is why a lot of people go abroad for jobs. Moldova ranks the 81st place as having the most favorable business environment According to an annual report organized by the World Bank, Moldova ranked the 81st place in the top of the countries with the most favorable business environment. Therefore, Moldova went up by 18 positions comparing to 2011. The report shows that the country has significantly advanced in realms like: launch of new businesses, issuance of credits, contracts' fulfillment and regulation of insolvency procedures. These realms are the main providers of new jobs, strengthening the Moldovas economic development.

Moldova has the lowest wages in Europe

Moldova ranks the 81st place as having the most favorable business environment Russia likes the Moldovan wine again

The Moldovans working in lobortis. Proin id est non orci pharetra foreign countries have sent 81 million US Dollars in remittances in January, with $10 million more comparing to January 2011. Despite the fact that remittances are increasing, they do not exceed the period of the economic crisis. The National Bank of Moldova reveals that during the first month of 2012, a lot of transfers came in Euro, US Dollars and Russian rubles. The Moldovans working abroad sent over 1,5 billion US Dollars in remittances in 2011.

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Russia likes the Moldovan wine again The Republic of Moldova exported to Russia almost 7 million liters of alcoholic beverages since January 2012, informs the Russian sanitary service Rospotrebnadzor. Their analysts have observed that the quality of wine became stable and there should be no concern about it. That is why the exports falling severely in 2010. During 2011, Moldova exported more than 24 million liters of alcoholic beverages.

The unemployment is up

Performed by Grigorjevscaia Tatiana

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