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Moldova’s economy loses growth potential, opinion


https://www.ipn.md/en/moldovas-economy-loses-growth-potential-opinion-7978_1037459.html

The economy of the Republic of Moldova loses its growth potential, Alexandru Fala, expert of the independent think tank “Expert Grup”, stated in the talk show “Expertise hour” on Jurnal TV channel, IPN reports.

According to the expert, this tendency to lose the economic potential is continuous. “What should concern the country the most is that the more we advance in time, the harder will be for the Republic of Moldova to ensue higher economic growth rates,” stated Alexandru Fala.

Visarion Cheshuev, a member of the President’s Economic Council, said the volume of loans released in the national economy in November 2014 rose by 10-14%, but now declines. This means that the producers and businesspeople do not trust the banking system.

Former Deputy Prime Minister Valentin Dolganiuc said the apogee of foreign investments in the Republic of Moldova was reached in 2013. Since then, the level of investments has decreased. “No investor will come here if they are not sure they will be able to recoup the investment,” stated Valentin Dolganiuc.

The head of “Voievod” Association Nicolae Pascaru said that if the US$ 1 billion hadn’t been stolen, a number of problems faced by Moldova would have been solved and statistics would have looked differently now.