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Economists point to main obstacles that hamper attraction of investment


https://www.ipn.md/en/economists-point-to-main-obstacles-that-hamper-attraction-of-investment-7966_1066409.html

The main obstacles to the coming of investment to Moldova include the image affected by corruption, the lack of fair justice and the insufficiency of skilled labor force, ex-minister of economy Alexandru Muravski was quoted by IPN as saying in a program on Jurnal TV channel. He stated the country’s administration should make effort to diminish the underground economy that accounts for a large part of the formal economy.

“If the underground economy exceeds 40% of the Gross Domestic Products, it can be considered that the state does not exist. This means the state from economic viewpoint does not have instruments to influence the situation,” stated Alexandru Muravski.

Commentator Victor Ciobanu said that to develop the economy, the state should concentrate on two factors – population from rural areas and development of the IT sector. About 2 million Moldovan citizens live in villages and the employment data show that only slightly over 300,000 of these get salaries. The population in villages should have work and receive salaries and for the purpose should produce. “We have not an agrarian, but a rural country,” stated Victor Ciobanu. According to him, there are developed countries that started their development by devoting attention namely to these two areas.

Galina Șelari, head of the Center for Strategic Research and Reforms, said that to develop the economy, Moldova’s population should be determined exactly. Employment programs, for example, cannot be worked out if the precise number of people in the country is not known. Even if the official data indicate over 3 million people who live in the  country, the 2014 census showed the population is under 2 million.