Expert-Grup

MACRO 2015 Conference: Ideas for the Country’s Economic and Social Security

ActivitateMonday, 13 July 201514420 views
MACRO 2015 Conference: Ideas for the Country’s Economic and Social Security

Automatically translated summary. The full article is available in Romanian.

On 10 July 2015, Expert-Grup and the Friedrich-Ebert-Stiftung hosted the third annual international MACRO conference, themed “Promoting economic and social security in the context of major risks”. Held in three discussion panels, it examined the economic risks and opportunities facing the Republic of Moldova.

The conference presented the main findings of the State of the Country Report 2015, which states that Moldova faces its greatest economic security challenges since 1991. The first panel, on financial and economic security, called for a two-year anti-crisis plan, a revised 2015 budget, better economic governance and fully restored regulatory powers for the National Bank of Moldova and the CNPF. The National Bank adviser argued that, apart from the three defrauded banks, the banking system is viable.

The second panel addressed how to prevent an economic crisis from becoming a social one, discussing moral hazard, regional recovery and a possible 10% cut in spending or rise in revenues. The third focused on the Transnistrian economy for 2015-2016, stressing technical cooperation and the region’s unreadiness for trade liberalisation with the EU, and a proposal to introduce VAT and excise duties.