Roadmap for improving competitiveness 86% implemented

The policy matrix of the roadmap for improving competitiveness in Moldova in 2018 was 86.5% implemented, compared with 71% in 2017. The best results were achieved in such areas as human resources - competition, taxation and fiscal administration (100%) and trade facilitation (95.5%). The implementation level of the policies to promote sustainable economic development was assessed by the Competitiveness Council, IPN reports, quoting a press release of the Ministry of Economy and Infrastructure.

According to the authorities, the most important accomplishments are related to the regulatory reform that has a direct impact on the business environment and ensures the diminution of the tax burden faced by the business community, and the reform of the state inspection of entrepreneurial activities that envisions the optimization of the number of institutions with inspection duties.

There were strengthened the capacities of the national institutions in a move to attract, maintain and develop investments and promote exports. As a result, foreign direct investment (in net value) of US$ 175.4 million lei was attracted to the national economy in the first nine months of 2018.

The roadmap for improving competitiveness in Moldova that was approved in 2014 is the strategic document worked out to successfully implement the Moldova - EU Association Agreement, including the Deep and Comprehensive Free Trade Agreement.

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