Economics

MOLDOVA’S ECONOMIC MODEL SHOULD BE CHANGED – EXPERTS

19 january, 2018

Director of the Center for Strategic Studies and Reforms (CISR) Galina Selari said at the Friday’s press conference that the Moldova’s economic model is oriented to the internal demand, that is to seriously limited Moldovan market, which does not help production development at all.

“Moreover, Moldova’s economic growth is based on the sphere of services (over 60% of the GDP), while the structure of this sector is based on nonproduction branches – trade services, public catering, that is there is no real added value”, the expert maintains.

However, the problem is that the world is changing while Moldovaremains in the same place, especially in economic terms; everything is happening according to the law of inertness, the republic does not even try to adapt to the current state of things, Selari said.

According to her, another problem is that Moldova does not have a clear plan of long-term economy development.

“Sustainable development will start only when priority goals are established, ways of its achievement and temporary implementation – and this goal is completely shouldered on the Government and Moldova’s state institutions”, the expert says.

Economist Victor Ciobanu said that the Government, stating about stable growth of GDP, forgets to say that in fact, the Moldovan economy is only regaining the positions, lost after the 2014 bank crisis.

According to him, Moldova is still the Europe’s poorest country, while the GDP per capita in Moldova has a “honorable place” among African countries.

“To achieve EU average level, the republic will demand at least 20 years at the current growth of 3-4% and the authorities’ statements about possible membership in the EU or even the submitting of an application for this looks not more than a farce and a purely populist step in conditions of the approaching parliamentary elections”, Ciobanu said.

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