Moldovans march over economy and reforms

Moldovans protest after billions go missing from three banks and against government’s attitude on EU

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Moldovan citizens protested against their government on Sunday because of the disappearance of 1.5 billion dollars from three banks and the inability of the parliament to apply reforms to get the country closer to European Union membership.

The Dignity and Truth Platform organized the protest and most of the Moldovans participated in the rally.

The pro-EU protesters gathered in Chisinau, the capital city of Moldova, and marched from the government building towards the Parliament.

Protesters chanted "We want the billions back" and "Down with the thieves" while carrying EU and Moldovan flags.

Demonstrators called the parliament to return the funds which disappeared from the banks last year.

They also demanded the resignation of the prosecutor-general, several Supreme Court judges and other government officials who were involved in the case.

Moldovan politics has been in turmoil since officials from the Central Bank of Moldova realised that three banks gave out 1.5 billion dollar in loans.

According to some leaked documents, the money transferred to four Russian banks.

The Central Bank issued 884 million dollars to stable the Moldovan economy, but this movement did not prevent the devaluation of Moldova’s currency by 20 percent.

The time of the illegal transfer occurred just before the parliamentary elections in November, when pro-European and pro-Russian candidates competed against each other for seats in the Moldovan parliament.

While the investigation continued, the Prosecutor General’s office detained two people and froze their assets as they were placed under investigation.

In 2013, the Moldovan government signed an association agreement with the EU. However, the current government does not favour the application of the EU reforms in the near future.


TRTWorld and agencies