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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Moldova. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Montly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!!!
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Formerly
ruled by Romania, Moldova became part of the Soviet Union at the close of
World War II. Although independent from the USSR since 1991, Russian forces
have remained on Moldovan territory east of the Dniester River supporting
the Slavic majority population, mostly Ukrainians and Russians, who have
proclaimed a "Transnistria" republic. One of the poorest nations
in Europe, Moldova became the first former Soviet state to elect a Communist
as its president in 2001.
Moldova
enjoys a favorable climate and good farmland but has no major mineral
deposits. As a result, the economy depends heavily on agriculture, featuring
fruits, vegetables, wine, and tobacco. Moldova must import all of its
supplies of oil, coal, and natural gas, largely from Russia. Energy
shortages contributed to sharp production declines after the breakup of the
Soviet Union in 1991. As part of an ambitious reform effort, Moldova
introduced a convertible currency, freed all prices, stopped issuing
preferential credits to state enterprises, backed steady land privatization,
removed export controls, and freed interest rates. Yet these efforts could
not offset the impact of political and economic difficulties, both internal
and regional. In 1998, the economic troubles of Russia, by far Moldova's
leading trade partner, were a major cause of the 8.6% drop in GDP. In 1999,
GDP fell again, by 4.4%, the fifth drop in the past seven years; exports
were down, and energy supplies continued to be erratic. Following the return
to positive GDP growth in 2000 (1.9%), Moldova experienced strong 6.1% rise
in GDP in 2001, driven by a marked improvement in industry and a 20%
improvement in agriculture.
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