Expert-Grup

The new government must make a decisive choice for modernising the country and moving it closer to the EU

Thursday, 11 December 20147331 views
The new government must make a decisive choice for modernising the country and moving it closer to the EU

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

The Independent Think Tank “Expert-Grup” has launched the 11th edition of its publication MEGA: Analysis of Moldova’s Economic Growth for 2014-2015. The presentation drew a broad audience of state institutions, the National Bank of Moldova, the private sector, commercial banks, donors, diplomatic missions, academia and civil society.

Moldova is starting a new political cycle. The 2014 parliamentary elections were driven by domestic factors rather than geopolitics. Over the next four years the country must opt decisively for modernisation and closer ties with the EU, backed by critical systemic reforms, which makes a swift formation of the next government crucial.

Expert-Grup estimates annual economic growth of 2% in 2014, with +0.8% in the second half, and about 4.0% in 2015. The key medium- and long-term challenge is achieving 5%-7% growth in non-agricultural GDP. Despite the leu’s nominal depreciation, its real effective exchange rate appreciated. Priorities include education, fiscal consolidation, a more transparent and resilient banking sector, and reforms of justice, pensions and the quality system. The publication was supported by the GPSA and the World Bank.

View the original article in Romanian