O1 - Economic Development

State-owned enterprises are facing major corporate governance challenges that are eroding the efficiency of state assets management. Political interference in the management of companies, often insufficiently trained board members, formalism, lack of independent board members…
Key points from this edition Economic growth will slow noticeably and the economy is expected to stagnate by the end of this year. In the context of these extremely difficult economic, social and political conditions,…
Moldova’s economy remains exposed to external shocks. Economic Leading Indicator, calculated by Expert-Grup and which includes six benchmark macroeconomic metrics, settled at 89 points after a continuous seven month’ decline, although it is still well…
Abstract Although visa liberalization marks a major success in Moldova’s quest to becoming closer to the EU, the process is ignored, underestimated and often challenged by a part of the society. This is due to…
Abstract The road transport sector bears a significant impact on the economic development of the country and reforms to improve the transportation network are needed. Implementation of the Association Agreement will lead to better conditions…
Abstract Participation of a country in several free trade areas is a normal practice, and examples of that are multiple. Moldova too, is a member of several regional trade agreements, two of which are crucially…
In recent months, the situation in our banking system has worsened considerably. All institutions responsible for the economic security silently allowed these fraudulent mega-transactions to materialize, therefore leading to the de-capitalization of these three systemic…
See below the abstract. Download here the full report in English. The 2015 is going to be a difficult economic year, the Gross Domestic Product being expected to decline by about 0.2% according to the…
Key messages of the report. Download the full report here. Russian Federation has been one of the main export partners of the Republic of Moldova during the whole transition period. However, the share of exports…
Executive Summary Moldova was clearly in “false start” at the beginning of 2015. The turmoil on the foreign exchange market was just a high-intensity sequence in a systemic trend of depreciation of the Moldovan Leu…
Moldovan economy slows down continuously. Economic Leading Indicator - Expert-Grup’s monthly index which includes 6 main macroeconomic metrics, has fallen for the 3rd month in a row, at 87 points. This dynamic shows ongoing negative…
Abstract Although consumption accounts for 92.2% from Moldova’s GDP, little has been done in order to improve consumers’ experience.  This policy brief explains how the Association Agreement will change this status-quo. Once the Agreement has…
Abstract The Q4-2014 issue of the Transnistrian Economic Review points an increase of the convergence index between the Moldovan and Transnistrian economies. Currently at 93.9%, the index recovered 0.4 percentage points over the second quarter,…
Expert-Grup is launching its seveth annual economic review of the Republic of Moldova. The review includes: Top 5 successes in 2014 Top 5 failures in 2014 Top 5 challenges for 2015 The document includes 7…
Expert-Grup launches the second issue of the Regional Economic Review: Transnistrian region. The report analyses the growth trends and economic risks of the Transnistrian region.  The report is available in three languages: English, Romanian, Russian. Extras:…
Expert-Grup launched the 11th issue of the economic magazine MEGA: Moldova Economic Growth Analysis. The current edition analyzes the key macroeconomic and sector-level trends in 2014, provides forecasts for key economic indicators for 2015 and offers…
The National Human Development Report (NHDR) 2014 highlights the role of the private sector in Moldova’s human development. It reveals that a strong private sector is key to the country’s sustainable human development and that…
This publication is only available in Romanian.
This publication is only available in Romanian.
The full use of economic opportunities offered by the European Union Association Agreement requires imminent alignment with the European legislation, which implies application of technical regulations and progressive adoption of the European Standards (EN), as…
Economiile din dreapta și stânga Nistrului continuă să se distanțeze reciproc, fapt ce va complica implementarea prevederilor Acordului de Asociere cu UE pe teritoriul regiunii transnistrene.Conform ultimelor date disponibile, pe parcursul trimestrului 2 al anului…
According to the July edition of the Real Economy, Moldovan economy shows continuous sings of a pronounced shift towards the EU market. In the first five months of the year, exports to the EU increased…
Regional Economic Review: Transnistrian region marks the launch of a new analytical product by EXPERT-GRUP, which analyzes the economic evolution of the regions of the Republic of Moldova. The first issue offers an insight on the economy…
Publication preview (the full version is only available in Romanian). This year signaled a continuously worsening economic situation in Moldova. According to our estimates from the previous issues of the publication, Moldova's economy constantly slows…
Q2-2014. Divergence process between the two economies from both Dniester banks continues. According to the latest data available, in Q1-2014, the convergence index, computed by EXPERT-GRUP, continued its negative trend started in 2013, caused by…
Publication preview (the full version is only available in Romanian) Some worrying trends for Moldovan economy were outlined in the reviewed period. Therefore, during the first three months of this year, the Economic Leading Indicator…
Independent Think-Tank EXPERT-GRUP presents the findings of its 10th issue of the Moldova Economic Growth Analysis (MEGA), which analyzes the evolution of the Moldovan economy in 2013 and the beginning of 2014, explains the key…
Moldovan economy continued to improve in February 2014.  Economic Leading Indicator maintained its ascending trend in Junuary 2014. The increase was determined mainly by the evolution of exports, internal consumption and credit activity. Nonetheless, several…
Moldovan economy continues to grow, but some internal and external risks persist. In December 2013, the Economic Leading Indicator (ELI) continued its ascending trend, with a 2.4% increase from the previous month (100.9 from 98.5…
We are happy to announce the launching of Transnistrian Economic Review - a quarterly publication that will seek to identify the most important political and economic evolutions in the eastern districts of Moldova. Its readers'…
This is the sixth annual economic review developed by Independent Think-Tank EXPERT-GRUP. By far, similar reviews were made between 2008-2012, aimed to offer our readers a comprehensive look over the major economic evolutions of the…
Moldovan economy keeps recovering, but not quickly enough. In October, the Economic Leading Indicator (ELI) increased by 2 points compared to the previous month (98.9 compared to 96.9 points), highlighting a continuation of the ascending…
In the current year, Moldovan economy has managed to maintain its recovery trend after the 2012 contraction. Moreover, the evolution of the Economic Leading Indicator (ELI) – a monthly computed index by EXPERT GRUP, shows…
The Moldovan economy will post a fledgling recovery in 2013, being followed by a moderate stabilization in 2014. Hence, favorable climate conditions from the current year will trigger a 20% compensatory growth in agriculture, which…
The Economic Leading Indicator updated for May:13 shows a fledgling revival, mainly supported by a healthy expansion in lending, remittances and consumption. However, the recent climate anomalies are likely to take their toll on the…
The Economic Leading Indicator up-dated with the latest data available is sending mixed signals. On the one hand, exports to EU are declining, while remittances and money in circulation decelerated their growth. On the other…
According to the last statistical data, the Moldovan economy remained volatile with relatively gloom immediate prospects. For the following months, the biggest challenge will be to consolidate the macroeconomic stability amid escalating political tensions and…
The economic leading indicator suggests the Moldovan economy entering into a nascent recovery phase in 2013. Nevertheless, the sluggish and volatile dynamics of this indicator points to a rather modest growth for the upcoming years,…
The end of 2012 brought a mix of worrisome and optimistic news regarding the macroeconomic conditions. On the bright side, the economic downturn ended. On the dark one, the growth prospects are quite bleak. In…
External and weather shocks are to be blamed for the economic downturn Moldova suffered in 2012. At the same time, as we warned repeatedly in previous editions of the MEGA, the vulnerability of Moldovan economy…
Despite the negative economic growth registered in the third quater of 2012 and which is estimated to have persisted until the end of the year, the economic leading indicator (ELI) computed by EXPERT-GRUP posted a…
This is the fifth annual economic radiography made by the Independent Think-Tank EXPERT-GRUP. We find that 2012 was one of the most difficult economic years for Moldova: the country was affected by external economic and…
A slight increase in the Economic Leading Indicator was registered during the last few months, which could be a positive signal for possible gradual improvement in the economic situation in the following 4-6 months. In…
The 2012 National Human Development Report, entitled "European Aspirations and Human Development of the Republic of Moldova" concentrates on the impact of trade-liberalization, visa-liberalization and EU-motivated human rights and justice sector reforms and clearly demonstrates…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 8 “Develop a Global Partnership for Development” (MDG 8). As part of the…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 7 “Ensure environmental sustainability” (MDG 7). As part of the research process, representatives…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 6 “Combat HIV/AIDS, malaria and other diseases” (MDG 6). As part of the…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 5 “Improve maternal health” (MDG 5). As part of the research process, representatives…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 4 “Reduce child mortality” (MDG 4). As part of the research process, representatives…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 3 “Promote gender equality and empower women” (MDG 3). As part of the…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 2 “Achieve universal primary education” (MDG 2). As part of the research process,…
This report examines the role of civil society and private sector in the Republic of Moldova in achieving the Millennium Development Goal 1 “Eradicate extreme poverty and hunger” (MDG 1). As part of the research…
Last three months indicates over the stabilization path of the Moldovan economy, which could serve as an important prerequisite to boost growth in the near future. Thus, in September several indicators registered positive trends: the…
While risks and uncertainties still persist in European and global economy, it seems that the peak had been already achieved and Moldova is currently on its light recovery path from external shocks as our own…

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