Ukraine Gets Official NATO Status: Weighing Up the Pros and Cons

 

NATO has granted Ukraine the status of an aspirant country. Macedonia, Georgia, and Bosnia-Herzegovina have similar status. This means Kiev has been offered a real chance to make its dreams come true. The next step will be obtaining its Membership Action Plan (MAP), a set of criteria to meet before the country is allowed to join. It is tailored to each applicant country’s individual profile. This type of plan can be granted at any time; there is no need to wait for summits or ministry-level meetings. Macedonia and Bosnia-Herzegovina are aspirants with a MAP.

Last summer, Ukraine’s parliament (Rada) adopted a resolution recognizing full membership in NATO as a foreign policy goal. In 2008, NATO agreed that Ukraine and Georgia should become members at a future date. Continue reading

Banks in Moldova lend $1 billion to mysterious beneficiaries and cripple economy

THE disappearance of more than $1 billion from three Moldavian banks has nearly crippled the tiny former Soviet country’s economy, and its people wants answers.

The huge sum of money accounts for nearly 20 per cent of Moldova’s banking system in terms of assets, and represents an eighth of its entire gross domestic product, according to Reuters.

The case of the missing money only came to light after the Central Bank of Moldova found that three banks had given out loans totalling more than $1 billion. Continue reading

EU pact to ‘seal Moldova’s European path’

BRUSSELS – European Commission chief Jose Manuel Barroso has said the signature, next month, of a trade treaty with Chisinau will “seal Moldova’s European path”.

He stopped short of promising it can one day join the EU.

But he added: “We see it not as the end of the road. I can say that the association agreement will not constitute the end goal in European Union-Moldova relations. I want to tell you that we believe in the European perspective of Moldova.” Continue reading