Roman Chirca: Moldova’s economy is in a lull period

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01:49, 22 Sep 2017

Roman Chirca: Moldova’s economy is in a lull period

The economy of the Republic of Moldova is in a lull period The stabilization follows a period of serious crises and recession witnessed in the national economy, director of the Market Economy Institute Roman Chirca stated in the program “Fabrika” on Publika TV channel, IPN reports.

According to him, the volume of deposits in banks now exceeds two times the volume of loans and this means that the banks have a lot of liquidity, but there are no economic projects in which this could be invested. “The key source of economic growth – the remittances - recovered after the stagnation witnessed in the Russian Federation and the reorientation of some of the migrants to countries of the European Union. Such dynamics appeared at the middle of last year. Traditionally, August is the apogee month, when we saw a record of US$ 178 million in remittances,” said the economic expert.

As to the loan provided to Moldova by Romania, analyst Victor Gurau said in 2016 the tranche of €60 million was like a fraternal aid offered to Moldova, but now the third tranche of this loan will be rather support for a possible growth in the national economy if the processes are managed correctly and coherently and based on pragmatic development strategies.

The analyst also said there are positive signals not only about the improvement of the economic situation in the country, but also about the people’s perception.

01:49, 22 Sep 2017
Official exchange rate for date 22.09.2017
[T] Currency Code ABR Rate Exchange Rate Albanian lek 008 ALL 10 1.5721 Armenian Dram 051 AMD 10 0.3691 Australian Dollar 036 AUD 1 14.0099 Azerbaijanian Manat 944 AZN 1…
04:23, 22 Sep 2017

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