Business and Economy Review, no. 15

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Publishing date: Tuesday, 16 January 2007
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New statistical data confirm the cooling down of the Moldovan economy. In the third quarter, the GDP grew only 3.9 percent year-on-year. The more modest growth is due to the recession taking place in industrial and agricultural sectors. Abolishment of the Russia's embargo cannot alter the negative dynamics of agriculture and industry in 2006 and first quarter of 2007. At the same time, the more robust services' sector compensates to certain extent the recession in the industrial and agricultural sectors. Private consumptions remains strong, supported by income derived from wages, entrepreneurship and, most importantly, migrants' remittances. The latter has registered a breath-tanking 23 percent growth in the firts nine months of 2006. However, not all sector evolved well. On the background of rapidly growing constructions and telecommunications' sectors, the evolution of the transportation sector looks quite bleak. Strong consumption ensure high budgetary income. However, the planned budgetary current and capital expenditures were financed only in proportion of 87 and, accordingly, 68 percent. This underfinancing is particularly risky for the areas of agriculture and energy which are entirely dependent on the budgetary financing.

This document is available only in Romanian.

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