Economic development paradigm in Moldova should be changed

The Economy Ministry is concerned about the modification of the economic development paradigm in Moldova, Info-Prim Neo reports. The promotion of attractive investment polices in industry, debureaucratization and diminution of the pressure on businesses, increasing the exports of agrifood products and taking the opportunities appearing in the regional markets, development of services, especially transport one, are pillars that can help change the economic model in Moldova, Deputy Prime Minister and Minister of Economy Valeriu Lazar said when presenting the Economy Ministry’s plan of action and reform priorities for 2011 in a public meeting, Info-Prim Neo reports. Before presenting the plan, the minister made an analysis of the socioeconomic situation in the last few years and medium-term forecasts for the economy. Valeriu Lazar said that though the country’s economy in 2010 recovered after the crisis quicker than the economies of the region, it continues to be based on remittance-fueled consumption growth. The switch to a new economic model based on investments and higher exports will not be possible this year as not all the sectors of the economy recovered. The transport sector is recovering at a low pace, while the exports of agrifood products rose mainly because the prices of the main food products went up, the minister explained. He also said that the Economy Ministry aims to formulate policies with horizontal effect that would benefit all the sectors. “That’s why we will actively attract investments to develop infrastructure, improve business climate and the trade regimes, increase energy efficiency, promote innovations, and ensure public services of a high quality,” said Valeriu Lazar. The Ministry also aims to contribute to the improvement of the fiscal policies and the reformation of public administration and to better communication with the central and local public authorities, the businesses, and civil society organizations, including the press.