Moldovan economy advances slowly, but lags behind, state of the nation report

The Moldovan economy advances slowly, but lags behind other economies and the population’s incomes remain very small in relation to those of the Western neighbors. The discrepancy between Moldova and the reference countries increased in respect of a series of indicators that are crucial for the country’s sustainable development, executive director of “Expert Grup” Adrian Lupusor said, commenting on the state of the nation report that is to be presented in an economic conference at the beginning of October, IPN reports, with reference to a press release of independent think tank.

Adrian Lupusor said this year’s edition of the report represents an assessment of the discrepancies between the Republic of Moldova and the Central and Eastern European states. Even if Moldova outstrips the growth rates in some sectors in Central and Eastern Europe, its economy lags much behind.

On October 6, in the economic conference “Macro 2017”, “Expert-Grup”, in partnership with the Friedrich Ebert Stiftung Moldova, will launch the state of the nation report on the economic, social and political situation in the Republic of Moldova. The event will bring together 14 speakers from six counties and will center on Moldova’s development perspectives until 2030.

The conference will also discuss the social and economic opportunities and risks and how these shape the country’s development course, how Moldova would look like in Europe in 2030 amid local realities anchored in an uncertain and unstable European context, long-term development scenarios and possibilities of ensuring dynamic, sustainable and inclusive growth.

Ana Mihailov, programs coordinator at the Friedrich-Ebert-Stiftung Moldova and partner of the event, said discussions will be launched to generate ideas with the aim of rethinking the country’s economic development model so that the economic growth results in higher living standards. “In Moldova, the improvement of economic indicators is not always accompanied by a general perception of better living conditions and public services of a higher quality,” stated Ana Mihailov.

The event is expected to involve about 100 participants, such as political decision makers and leaders, representatives of local public administration, private sector, NGOs and of the academic community, and local and foreign experts.

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