Q4 Earnings Alert! Plan ahead with key data on upcoming share reports - all in 1 placeSee Calendar

Restive Moldovan region finally approves executive

Published 20/09/2023, 21:11

By Alexander Tanas

CHISINAU (Reuters) - Moldova's restive Gagauzia region, locked in an uneasy relationship for 30 years with central authorities in Moldova, endorsed the composition of its local executive committee on Wednesday, a key decision for national institutions.

Gagauzia lies in the south of Moldova, led by pro-European President Maia Sandu. The region has an autonomous assembly and government and is populated by ethnic Turks who adhere to Orthodox Christianity and generally express sympathy for Russia.

The region last May elected a new leader, or bashkan, committed to broadening ties with Russia and backed by fugitive business magnate Ilan Shor, jailed in absentia for mass fraud.

The Executive Committee was elected on the seventh attempt -- after new Bashkan Yevgeniya Gutul withdrew nominations for deputies approved by Shor.

"I intend to work constructively with you," Gutul said after the executive line-up was approved. As part of her election campaign, Gutul pledged to open a diplomatic mission for Gagauzia in Moscow.

Sandu has delayed including Gutul in Moldova's government -- as required by Moldova's constitution -- pending the outcome of investigations into her election with Shor's backing.

Shor lives in exile in Israel and has played an active role in protests demanding the resignation of Sandu's government.

He had threatened to have the local assembly dissolved if his nominees were not approved -- a party bearing his name has been banned by Moldova's Constitutional Court.

Moldova denounces Russia's invasion of neighbouring Ukraine and has accused the Kremlin of trying to destabilise the Chisinau government.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

The country has also been beset since independence by the presence on its eastern border of a separatist pro-Russian enclave, Transdniestria, where 1,500 Russian "peacekeepers" keep the two sides apart.

Which stock should you buy in your very next trade?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.

In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.

With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Unlock ProPicks AI

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.