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Foreign nationals visiting Moldova for the National Wine Day will benefit from free visas. Corresponding decision was adopted by the Republican Event Organizational Committee on September 15th, according to INFO-Prim Neo.

The visas can be obtained free of charge in the Embassies and Consulates of the Republic of Moldova abroad in the period from September 26th through October 27th.

The National Wine Holiday in 2008 will be celebrated through all the country. The starting ceremony will take place in Chisinau on October 11, 2008. The central square of the capital will be decorated in a style of the traditional Moldovan yard. Vines and grape leaves will transform the square into a crown of grape vines. The country-side style entry with gates and fence made of twigs will be welcoming the festival guests.

The Triumph Arch and pillars on the corners of the Great National Assembly Square will be also decorated by vines. Scenes of wine-making process will be also presented to the public, organizers specified.

A wide cultural program includes folk troupes, folk and pop singers. During the National Wine Day, purses will be given within the framework of seven thematic competitions, “Gold Barrel”, “Young Wine”, “Dionis”, “Best presentation of the national cuisine” among them. Besides, the Higher Premium for 2008 will be awarded.

The Wine Day will be concluded by fireworks and festal round dance.

Moldova traditionally celebrates the National Wine Day on the second Sunday of October annually. This year the holiday will continue for two days – Saturday and Sunday, 11-12 of October.

Imobil Invest Blog: Luxury Downtown Apartments Chisinau, Moldova

Location: Downtown Chisinau (2 min walk from Stefan cel Mare Boulevard)
Description:

Apartment

Total size 125 м2, located on the 8th floor of 8. Fully repaired and equipped with modern furniture and appliances. Kitchen - 20 sqm, 10sqm-bathroom. Two full bedrooms. The apartment is self-heated and airconditioned. Ready for renting our or living. The apartment comes with one sub terrain parking.

Building

The building is located downtown Chisinau, 2 min walk from Stefan cel Mare Boulevard. One of the most prestigious buildings in the City. Secured yard, playground, sub terrain and in-yard secured parking.

GREAT INVESTMENT IN RENTAL PROPERTY ON COMPETITIVE PRICE

Price: 185 000 EUR (UNDERGROUND PARKING INCLUDED)

Contact: info at imobilinvest.com, +373 22 270057, +373 69 101359

Investment in Real Estate in Moldova was popular for a number of years. Due to high rate of growth in property market and attractive rental potentials, many small investors prefer to invest their savings into apartments in the capital of the country - relatively liquid asset with the capacity of bringing continuous revenue.

As the trust to banking system was blown away with a number of bankruptcies of some financial institutions, and large scale fraudulent schemes during and after the collapse of the USSR, real estate became the niche for personal investment.

During 2001-2008 apartment prices in the capital went up 7-10 times. At the same time average rental potential changes 3-5 times.

Moscow properties are among the most expensive, and the average rental potential is estimated at 5.18% per year in 2007. In most of Eastern European countries, rental yields do not go over 6.5%, according to Property Secrets.

Chisinau, with much lesser prices still provide an average of 7-12% per year rental potential, added by a moderate (10-15%) price growth per year.