The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Moldova: O tempora, O Tories!

Britain’s Conservative Party has been at pains to distance itself from the mainstream of European politics in recent years, but seems remarkably comfortable in its murkier shallows.


The Alliance of Conservatives and Reformists in Europe (ACRE), the pan-European party of which the Tories are a founder member, has long been notorious for embracing some of the continent’s more extreme nationalists.

The choice of its newest ally, however, raises some rather different questions. In June, ACRE welcomed Moldova’s Shor Party to its ranks.

Not only that but – as reported in the UK’s satirical magazine Private Eye – ACRE chief executive Richard Milsom turned up on a campaign platform with party leader Ilan Shor in the Moldovan capital Chisinau in August.

Then in mid-October, ACRE held its second annual Liberty Summit in Moldova. The event featured Shor as keynote speaker and included a day trip to Orhei, the city of which he is mayor.

Also on the speakers roster – along with Tory MEP Rupert Matthews and Fleur Butler, the deputy head of the Conservative Women’s Organization – were three senior Shor Party members and the head of Avia Invest, the company owned by the Shor family that manages Chisinau Airport.


Ilan Shor

So, who is Shor, and why is ACRE so keen to provide him and his party with a platform? The former question is perhaps easier to answer than the latter.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree