Publications

Culture development in Moldova is suffering more from improper management than from lack of financial resources allocated to this sector. The excessive presence of the State in Culture sector is hindering the private sector development,…

Real Economy, no. 37

Monday, 01 April 2013 Published in Publications
Authors: Ana Popa, Adrian Lupușor, Valeriu Prohnițchi,
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 purpose of this report is to provide an impact assessment of the future Deep and Comprehensive Free Trade Agreement (DCFTA) between the Republic of Moldova and European Union on the transnistria region and the…

Real Economy, no. 36

Wednesday, 27 February 2013 Published in Publications
Authors: Ana Popa, Adrian Lupușor, Valeriu Prohnițchi,
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…
The current edition of the Euromonitor covers the evolution recorded in the 4th quarter 2012 within the European Integration reforms. After two years of talks, the most important Laws/Acts regarding competition – the Competition Act…

Real Economy, no. 35

Thursday, 31 January 2013 Published in Publications
Authors: Ana Popa, Adrian Lupușor, Valeriu Prohnițchi,
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…
In this study we identify the main causes explaining the worse dynamics of Moldovan exports to EU as compared to other destinations during 2012. Based on a gravitational model we test if it has been…

Real Economy, no. 33

Friday, 14 December 2012 Published in Publications
Authors: Ana Popa, Valeriu Prohnițchi, Adrian Lupușor,
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…
Following the decisions published by Moldovan Court of Accounts in the third quarter of 2012, our main objective is to point out to the factors that systematically undermine an efficient and transparent allocation and management…
Această ediție a Euromonitorului acoperă evoluțiile din trimestrul III anul 2012 în implementarea reformelor determinate de vectorul de integrare europeană. În domeniile economice monitorizate, un progres important a fost atestat în domeniul piețelor și instituțiilor…
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…

Real Economy, no.32

Wednesday, 14 November 2012 Published in Publications
Authors: Ana Popa, Adrian Lupușor, Valeriu Prohnițchi,
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…
Weak institutional constraints generate corrupting behavior and lack of accountability that is the main source of socially harmful political choices. The lack of a unitary legal framework that would offer clear rules of procedure for…
This article is only available in Romanian.
The public debate over the need to increase judicial salaries in Moldova in order to improve judicial performance and independence has been one-sided. There is a common sentiment that Moldova judges are being underpaid and…
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…
The goal of this Analytical Note is to assess how the draft Law on the 2013 state budget reflects the priorities of the sustainable and inclusive development of the society. In this regards, six sectors…

Real Economy, no.31

Friday, 12 October 2012 Published in Publications
Authors: Adrian Lupușor, Ana Popa, Valeriu Prohnițchi,
The economic stabilization suggested by the Economic Leading Indicator in the previous edition of the Real Economy persisted in August. Therefore, after a continuous decline since autumn last year, the ELI remained stable for two…
High incidence of informal employment has characterized the Moldovan labour market  throughout the transition period. But fighting informal employment entered the agenda of the authorities only recently, in 2011, when losses for budgetary revenues generated…
The current pensions system of the Republic of Moldova is based on the principle of solidarity between generations, according to which the collected contributions are used immediately to pay the pensions. Such a redistributive mechanism…

Real Economy, no.30

Tuesday, 18 September 2012 Published in Publications
Authors: Adrian Lupușor, Ana Popa, Valeriu Prohnițchi,
The process of Moldovan economy cooling down during the recent months has stabilized, at least for a short period of time. This stabilization has been attested by the evolution of the Economic Leading Indicator we…
After a long period of severe underfunding, which practically led to the delapidation of roads network, since 2010 the Republic of Moldova began to increase the funding of the sector. The purpose of this paper…
The recurrence of some tendencies similar to those during 2008-2009 crisis points out the vulnerability of Moldovan economy to external shocks and its incapacity to tackle the challenges from inside the country. We cannot expect…
Ensuring transparency is a key responsibility of the Government and a tool for increasing efficiency and effectiveness of the use of the public financial resources. The purpose of the study presented herein is to conduct…
This document undertakes an analysis of the Governmental report on the execution of the 2011 state budget, with the purpose of understanding how transparent and informative are this class of reports, which are the main…
The Court of Accounts of the Republic of Moldova has published 17 decisions in the 1st and 2nd quarters of 2012, which refer to the audit of the district budgets, public assets management by the…
In April 2012, has developed and launched the Economic Leading Indicator (ELI), a special analytic tool very useful for the assessment of the economic fluctuations and for anticipation of the short-term shocks. With longer time…
This edition no.24 of the quarterly publication Euromonitor evaluates the progress in implmentation of the reforms agreed as part of the cooperation between European Union and Republic of Moldova in the period April-June 2012. The…

Real Economy, no.29

Monday, 25 June 2012 Published in Publications
Authors: Ana Popa, Valeriu Prohnițchi, Adrian Lupușor,
The EXPERT-GRUP's previous expectations regarding negative outlook of the Moldovan economy has been confirmed by the quarterly and monthly economic data recently released. As Real Economy no.29 proves, the economic activity is on the downside,…
This paper was developed for analyzing and comparing the economic impact of the two main integration options which Moldova has: 1) enhancing the economic integration with the European Union by establishing a Deep and Comprehensive…
This edition no.23 of the quarterly publication Euromonitor evaluates the progress in implmentation of the reforms agreed as part of the cooperation between European Union and Republic of Moldova in the period January-March 2012. The…
Advancing social goals through public policies is one of Government's main roles. However, the alternatives available for reaping social benefits should be carefully weighted against the costs and benefits these alternative set of actions generate.…
The process of implementation of Court of Accounts' recommendations is extremenly important to monitor for it does not suffice to point out to what is wrong in the administration of public resources, one also needs…

Real Economy no.27

Friday, 27 April 2012 Published in Publications
Authors: Ana Popa, Adrian Lupușor, Valeriu Prohnițchi,
The economic leading indicator (ELI) continued its downward trend in February, revealing the cooling down of the Moldovan economy, which might persist in the near future. Thus, the indicator decreased by 1.1 p.p., which has…
The Agricultural Subsidies fund has become in the recent years one of the most important policy tools shaping the development of the Moldovan agricultural sector. The purpose of this paper is to analyse how the…
This policy brief analyzes the Law project adopted by the Government Decision no. 166 of March 16, 2012, which includes a series of amendments to the Law of the National Bank of Moldova (NBM). Our…
One of the main lessons learned after the economic crisis of 2009 has been the need to improve the Government capacities to anticipate, prevent and adequately manage the potential negative trends in the national economy.…
The Government continued to carry out actions for fulfilling the undertaken commitments in the area of human right, but this process has developed slowly, with delays or even without any progress in many important areas.…
The purpose of this analysis is to simulate, with a Structural Vector Auto Regressive (SVAR) Model, the impact of monetary policy decisions of the National Bank of Moldova, the main factors which affect their efficiency,…
The purpose of this analysis is to simulate, with the help of a Structural Vector Auto Regressive Model, Moldova’s economy dynamic behavior in response to a series of external shocks, such as: a recession in…

Real Economy, no.26

Thursday, 23 February 2012 Published in Publications
Authors: Ana Popa, Valeriu Prohnițchi, Adrian Lupușor,
The slowdown in the economic growth is becoming more obvious, as over the last quarter of 2011 the retail trade and services provided to firms embarked on a downward trend. We anticipate that 2012 will…
Having become member of the Energy Community in 2009, the Republic of Moldova assumed the commitment to transpose the European Union legislation in order to align the standards and operating conditions of the electricity and…

Fiscal Mechanisms for Stimulating Philanthropy

Thursday, 16 February 2012 Published in Publications
Authors: Elena Culiuc,
This study has the goal of identifying the optimal fiscal mechanism for stimulating the corporate philanthropy in Moldova. It begins by presenting main economic theories explaining the corporate decisions of donating money. The study also…
Currently Moldovan health system faces many problems, including persistence of informal payments, inefficiency in health spending, high share of people not covered by the mandatory health insurance, the lack of measurable indicators and values, old…

Fiscal Mechanisms for Stimulating Philanthropy

Thursday, 16 February 2012 Published in Publications
Authors: Elena Culiuc,
This study has the goal of identifying the optimal fiscal mechanism for stimulating the corporate philanthropy in Moldova. It begins by presenting main economic theories explaining the corporate decisions of donating money. The study also…

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