Expert-Grup

MACRO “Moldova in 2018: Investing in People and the Public Good”

Tuesday, 23 October 20185964 views
MACRO “Moldova in 2018: Investing in People and the Public Good”

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

On 19 October, the Independent Think Tank “Expert-Grup” and Friedrich-Ebert-Stiftung Moldova launched the State of the Country Report 2018 at the international economic conference MACRO. More than 120 participants and 11 speakers discussed how investment in transition economies can support people's well-being and the public good.

Presenting the report, Adrian Lupușor warned that Moldova's economic stability and growth of 4-5% of GDP are not sustainable and hide post-election risks. He argued that investment must be “de-offshorised” and that annual growth of 7-8% is needed to catch up with Central and Eastern Europe. Valeriu Prohnitchi noted that investment relies on companies' own resources, only 20% goes to agriculture and industry and another 20% to construction.

Officials cited the education system, access to finance, poor infrastructure and business predictability as obstacles. Tourism was named as an opportunity, and local authorities called for decentralisation. Ion Tornea reported 50% growth in employees at the Bălți free economic zone over nine months. MP Valentina Stratan listed recent laws and urged budget-sector pay reform.

View the original article in Romanian