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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Top Stories

    Moldovan prime minister announces government resignation

    Moldovan prime minister announces government resignation

    Published by Uma Rajagopal

    Posted on February 10, 2023

    Featured image for article about Top Stories

    CHISINAU (Reuters) -Moldovan Prime Minister Natalia Gavrilita announced on Friday that her government was resigning, after a turbulent 18 months in power marked by economic turmoil and the aftershocks of Russia’s war on neighbouring Ukraine.

    “I believe in the Moldovan people. I believe in Moldova,” she told a news briefing. “I believe that we will be able to make it through all the difficulties and challenges.”

    The former Soviet republic country of 2.5 million has suffered from soaring inflation and was strained last year by an influx of Ukrainian refugees.

    It also suffered power cuts following Russian air attacks on Ukrainian energy infrastructure and has struggled to break its dependence on Russian gas.

    Protests erupted over rising prices, particularly for gas from Moscow, in what Chisinau has described as part of a Kremlin-sponsored campaign to destabilise the government.

    Gavrilita assumed the post in August 2021 after her pro-European Party of Action and Solidarity secured a majority in parliament with a mandate to clean up corruption.

    European Union leaders accepted Moldova as a membership candidate last year in a diplomatic triumph for President Maia Sandu, who was elected in 2020.

    (Reporting by Alexander Tanas, Writing by Dan Peleschuk, Editing by Timothy Heritage)

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