DECLINE IN FOREIGN INVESTMENTS DEMONSTRATES LACK OF COUNTRY DEVELOPMENT - SOCIALIST MP

"Absence of foreign investments into the Moldovan economy is a proof of lack of its development and one of main arguments that there is no republic modernization or European integration", maintains the Party of Socialists deputy Bogdan Tardea.

He wrote on his Facebook page that via Deputy Premier for Reintegration Iurie Leanca, the authorities are boasting about the fact that after the signing of the Deep and Comprehensive Free Trade Agreement, the exports to EU countries grew to 65%, while to CIS it accounts only for 20%.

"So what? Where are the investments, jobs, growth of the budget, of salaries, social projects?", the expert wondered.

He reminded that in 2007, foreign investments accounted for US$540 million, while in January-September 2017 - only US$140 million (US$130 million in 2016).

"According to the IMF, the GDP per capita in Moldova accounted for US$2243 in 2014. In early 2018 it was US$2063. In other words, it fell US$200. The Government's external debt was only US$954 million (17% of GDP) as of June 30, 2009. In September 2017 it was US$2 billion (26% of GDP)", the oppositional MP gives arguments.

In his opinion, today Moldova is already unable to survive without external crediting.

"This is proved by the 2017 State Budget, which is 28% made of credits and grants. If in early 2016 the internal debt accounted for 7 billion lei, in late 2017 it exceeded 21 billion. The conclusion is simple, Moldova's European integration in fact turned into a banal country colonization", Tardea concluded.