Publications

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…

Real Economy for April 2014 (#45)

Tuesday, 29 April 2014 Published in Publications
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…
The 2013 review for Euromonitor features the most important actions beheld by authorities in each of the monitored sectors within the Moldova-EU Action plan in 2013. Based on 2013 exercise, the entire 2005-2013 was evaluated.…
In the 4th quarter of 2013, 5 Reports of the Court of Accounts related to public funds management and audit were published. This report especially covers 4 of them: Audit report from the local authorities…
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…
In the last decade, the importance of the work labor force and its impact on 'the economic has grown substantially. This study aims to contribute at examination of the place of migration on the economic…
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'…
Evolutions of the last years at „Banca de Economii” (Savings Bank of Moldova) stresses out the poor management practices at state companies, uninspired political decisions and carelessness of the public institutions. The political decision of…
In the 3rd quarter of 2013, 17 Reports of the Court of Accounts related to public funds management and audit were published. This report especially covers 4 reports: Audit Reports from the National Clinical Hospitcal…

Moldovan Economic Review for 2013

Friday, 27 December 2013 Published in Publications
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…
National Bank of Moldova (NBM) is the main public institution responsible with setting the monetary policy and maintaining price stability. Therefore, its importance is indubitable, and NBM's politics have a major impact over the life…
The aim of this Analytical Note is to present an independent opinion on how the Budget Law draft for 2014 reflects the priorities and development necessities of the Republic of Moldova. The materials exposed in…
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…
Programme budgeting is important because it shows a clear relationship between resources allocated and the objectives to be achieved and results. Also, the efficiency indicators that form the budget require a specified level of effectiveness…
Transparency of the budget process is an important aspect of the decision making process that requires separate attention based on an holistic approach to the budget cycle. Transparency in the decision making process including the…

Real Economy, nr. 41

Monday, 04 November 2013 Published in Publications
Authors: Adrian Lupușor, Alexandru Fala, Victoria Vasilescu,
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…
This study is developed based on a structural model with regression equations which shows the quantitative features of the Moldova economic relationships. The causal relationships, as well as external variables were determined under the opinion…
The quarterly monitoring Report on European Union – Moldova Action Plan (EURMAP) implementation during July-September 2013 is developed within the joint project "EU -Moldova - monitoring the progress in the Eastern Partnership2013 " funded by…
The Court of Accounts of the Republic of Moldova has published 5 decisions in the 1st and 2nd quarters of 2013, which refer to the audit of the district budgets of Ocnița, Șoldănești, Ungheni, Soroca,…
The restructuring process of general government sector in Republic of Moldova is has been going through difficulties. High level of corruption and unstable democratic regime don’t facilitate establishment of optimal budgetary sector. In these conditions,…
Due to its geographic position, Moldova has constantly been at the crossroad of the most important integrationist processes on the European continent: European and Euro-Asian integration. Although Moldova chose as early as in 2005 the…
In the second quarter, there has been recorded a certain amount of progress, but also some downfalls, which diminished the expected impact of the actions taken. In the justice sector, several Acts related to the…
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 public forest sector is one of the less reformed sectors, keeping its essentially managerial approaches that have already been outdated by the economic and social realities of the Republic of Moldova. The activity of…
State of the Country Report 2013, which is a clear, evidence-based and objective analysis of the Moldova’s situation in eight areas: foreign policy, environment and natural resources, politics, technological, economic, human capital and demographic, social…

Real Economy, no. 40

Monday, 08 July 2013 Published in Publications
Authors: Adrian Lupușor, Victoria Vasilescu,
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 purpose of the document is an independent analysis of the policies and reforms implemented by the authorities from Chișinău in order to bring political, economic and institutional approach to EU. In particular it has…

Real Economy, no. 39

Thursday, 06 June 2013 Published in Publications
Authors: Adrian Lupușor, Valeriu Prohnițchi,
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…
This content is exclusively analysing the Court of Accounts' Annual Report for 2011, which was published on 28.12.2012, with Court Decision no. 48 in 2012.This document is an analysis of the findings and conclusions made…
This report presents information on how the Court of Accounts' recommendations were implemented in 2012, and assesses the quality of responses submited by the audited institutions.In 2012, 51 reports were published and 3818 recommendations were…

Real Economy, no. 38

Thursday, 02 May 2013 Published in Publications
Authors: Adrian Lupușor, Valeriu Prohnițchi,
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…
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…

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