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Moldova imports all of its supplies of petroleum, coal, and natural gas, largely from Russia. Moldova is a partner country of the EU INOGATE energy programme, which has four key topics: enhancing energy security, convergence of member state energy markets on the basis of EU internal energy market principles, supporting sustainable energy development, and attracting investment for energy projects of common and regional interest.[68]... On January 2, 1992, Moldova introduced a market economy, liberalizing prices, which resulted in rapid inflation. From 1992 to 2001, the young country suffered a serious economic crisis, leaving most of the population below the poverty line. In 1993, a national currency, the Moldovan leu, was introduced to replace the temporary cupon. The economy of Moldova began to change in 2001; and until 2008 the country saw a steady annual growth of between 5% and 10%. The early 2000s also saw a considerable growth of emigration of Moldovans looking for work (mostly..

Also known as: Moldova, Moldova Resort

Primary location: Moldova