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Moldova's Transdniestria 9-mo Fixed Asset Investments Fall 10% Y/Y

Oct 28, 2008, 3:36:24 PMArticle by Kristina Belkina
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October 28 (SeeNews) - Investments in fixed assets in Moldova's breakaway region of Transdniestria fell by a real 10% on the year to $75.6 million (60.5 million euro) in the first nine months of 2008, the region's economy ministry said on Tuesday.

Moldova's Transdniestria 9-mo Fixed Asset Investments Fall 10% Y/Y

Transdniestrian companies used own funds to finance 92.3% of the investments, the ministry said in a statement. It added that some 83.2% of the investments were channelled to the upgrade of production facilities.

Transdniestria is located on the left bank of the Dniestr river in eastern Moldova, where most of the country's Russian-speaking population lives. The region, which broke away from Moldova in 1990, demands full independence.

($=0.8006 euro)

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