Publications

According to the rating results, during the first quarter of 2011 the best banking performance has been registered by the CB „Moldova – Agroindbank” S.A., which was followed by CB „Victoriabank” S.A. and CB „Moldindconbank”…
This policy brief unveils the inconsistency of the Program for development of the food market infrastructure and recommends the Parliamentary Standing Committee for Economy, Budget and Finance not to support the draft law for ammendment…
In the EU we trust. Or so many major political statements, strategic documents and crucial reforms could well start and end... at least, if we judge by the words of Moldovan leaders starting 2005. Indeed,…
The goal of this study is to estimate the technical efficiency of each local government from the Republic of Moldova, to identify efficiency determinants, as well as its role for local development. The econometric simulations…
Moldova registered a modest progress in the following areas: human rights, general coordination and consolidation of administrative capacities, access of goods on the market, tariff and nontariff barriers, technical barriers for trade, trade facilitation and…
The political infightings should not eclipse the economic reforms which are promoted by the Government. Particularly, it is related to the modification of privatization procedures in terms of their simplification, allocation of more competences to…
In 2010 Moldovan economy grew faster than other economies in the region, surpassing Government's, NBM's, IMF's and EBRD's expectations. However, the structure of registered economic growth reflects Moldova returning to the pre-crisis growth model based…
Already for few years Moldovan Government aims to change its economic growth model so that to foster the bases of an economy based on competitiveness and innovation. Despite the declared goal, the Research, Development and…
The problem of limited access to banking credits has always been relevant for the Republic of Moldova, which became even more acute during the recent economic crisis. The aim of this study is to identify…
In the context of the approaching negotiations on the EU-Moldova DCFTA there is a discussion emerging among the Moldovan policymakers on how to avert some potential negative economic impact, including how to best protect some…
In December 2010 Moldova and EU signed the Action Plan on Visa Liberalization. This is an important step towards European integration giving much credit to the Moldovan Government. Although the Government is speaking mainly of…
This study begins by assessing the current situation in the Moldovan winemaking sector and by identifying key constraints and problems affecting the development of this sector. Further on, using a Computable General Equilibrium model, the…
The radiography of the 2010 economic year covers three essential aspects: a) the most important 5 economic events of 2010; b) the most revealing 5 macroeconomic trends; c) the most noticeable 5 faults of the…
Since its inception, the Alliance for European Integration faced a tall order of multiple and often competing goals. Despite the short-term political horizon, the AEI can boast significant achievements in the past year: stabilising the…
There are several sets of basic questions that the proposed study answers to contribute to the ongoing discussions about the decentralization reform in Moldova, including: 1) Is the current administrative-territorial structure responsive to the local,…

Constraints Analysis

Friday, 15 October 2010 Published in Publications
Authors: Alex Oprunenco, Ana Popa,
Main goal of the report is to identify the critical constraints to economic growth of Republic of Moldova, using the methodology that Hausmann, Rodrik and Velasco proposed in their 2005 study "Growth Diagnostics". The report…
The Country Report “Overview of the relationship between Human Capital Development and Equity in Moldova” outlined a series of conclusions regarding the state of human capital development in Moldova. It also highlighted main drawbacks and…
The new government led by Vlad Filat has taken a course of much more rigorous economic policy; the government decided to remove all structural and institutional constraints that prevent proper functioning of the economy. Given…
During the first half of 2011, Moldova registered a good economic dynamic, with an economic growth of 5.6% y-o-y, accelerating from the previous quarter. This evolution was mostly due to increasing growth rate in agriculture,…
Edition no.18 of the Euromonitor shows that Moldova registered important progress in the area of democratic institutions, in terms of adjustment of the elections’ regulatory framework and the legislation regarding the political parties to the…
After the first signs of economic recovery already appeared at the end of 2009, the Moldovan economy returned to a robust growth of 4.7% during the first quarter of 2011. At the same time, final…
Measuring and comparing on an international scale the impact of foreign direct investments (FDI) on economic development is a difficult task because of very limited statistical data, but also because of the difficulty of establishing…
The study assesses the development strategies and plans in the four sectors and the current level of engagement with PPP projects in each of the four sectors. Key problems have been evaluated and a list…
Current situation of the human capital development in the Republic of Moldova was mainly determined by the economic evolutions in the transition period. Thus, such factors as changing structure of the economy, liberalization of the…
The key purpose of this study is to analyze investments phenomenon in the Moldovan regions. The study begins by undertaking an analysis of the evolution and current economic situation of the regions. Using statistical data,…
As this Study shows, the Southern Development Region of Moldova has been constantly less attractive for private invesment as compared with other regions of Moldova. The investment gap between Southern Development Region and other regions…
In general terms, the Northern Development Region boasts better investment conditions that Southern and Central Development Regions. As this study shows, the Northern Development Region is well placed in the national rating of regions' investment…
The study undertakes an analysis of investment advantages and disadvantages, risks and opportunities for all districts composing the Central Development Region. As investment performance and attractiveness, Central Development Region is placed bewtween the Southern and…
Moldovan economy has exceeded the Governmental, IMF and our own expectations in the last quarter of 2009, declining in the fourth quarter by 2.4% y-o-y, which is still a much lower indicator than in the…
What is the nature and the causes of economic development in the Republic of Moldova? As shown in this 2009 State of the Country Report, Moldova's geographic and natural endowment is not conducive to an…
This study aims to evaluate how efficiently and transparently the resources from the Roads Fund of Republic of Moldova are used. The study has found a number of significant deficiencies in formation and use of…
In the area of democratic institutions, in October-December 2009 the Government registered some progress in terms of amending some restrictive stipulations of the Electoral Code, consolidation of the dialogue with the civic society, slight improvement…
In this issue of the Real Economy we analyze the vulnerability of the Moldovan economy to the country’s political situation, the importance of the creation of the Agency for Agricultural Interventions and Payments, the causes…
During Q1-Q3’09 the GDP declined by 7.7% y-o-y, the most worrisome sign being the much stronger decrease in investments. In this edition of the Real Economy, we maintain our positive forecasts for 2010-2011, but with…
Over the last decade the economic relations between Moldova and Romania have developed upward. Trade volume increased and in 2008 Romania became the most important foreign market for Moldova, thus outpacing the Russian Federation. Unlike…
This study underlines the fact that the current difficult situation of the domestic constructions’ sector is not determined only by the repercussions from the world economic crisis, but also by a series of structural and…
With a string of domestic and external crises the year 2009 has clearly shown how fragile and illusory have the economic growth and modernisation been in Moldova in the last decade. The expected GDP decline…
The 2009/2010 National Human Development Report provides a comprehensive and in-depth analysis of the strong impact of climate variability and climate change, and extreme weather events on sectors vital to human development in Moldova: water…
This paper examines the potential impact of the capital liberalization, the tax amnesty and the zero-rate corporate income tax on the Moldovan economy. The initiative of these reforms was launched in April 2007 by the…
The political sphere in the third quarter of this year is dominated by the process of power shift and consolidation of the bilateral relations with the European Union. The political conflict after the April 5…
This study was commissioned to the EXPERT-GRUP think-tank by the UNDP-Moldova with the purpose to assess qualitatively, and to the extent possible, quantitatively, the impact of the global financial crisis and associated economic downturn on…
In June the first signs that the severe recession in the real sector of the Moldovan economy could be over appeared. New economic trends - still fragile, but positive - were conditioned by favourable developments…
The political dialogue and the functioning of democratic institutions, during the second quarter, have been strongly affected by the post-electoral events, especially those from the 7th of April. The bilateral relations between EU and Moldova…
Crises are not new for the Moldovan winemaking sector. The post-Soviet transition has been marked by a number of shocks in this sector: Russian financial crisis in 1998, Russia's embargo against Moldovan alcoholic beverages in…
The negative demographic trends and forecasts about continuous worsening of the demographic situation in the near future, coupled with shrinking employment rate and of the share of working age population will significantly undermine the capacity…
Moldovan economy in the last two months was marked by electoral circumstances and political objectives of the ruling party. The content and tone of the interim government program has disappointed the audience, waiting to see…
The dialogue between Moldova and the European Union, during the first quarter of 2009, has been characterized by a constant trend. Some moderate evolutions were registered in the area of democratic institutions. Among the most…
MEGA has the purpose to explain the economic evolutions in Moldova, to update economic policy analysis and to provide policy recommendations for advancing country’s economic development.  The first issue of the MEGA is dedicated to…
In 1995-2007 Moldova's foreign trade grew strongly, but very unbalanced, with imports prevailing strongly over exports. During this period the European Union became the main trading partner of the Republic of Moldova. In 2007, EU…
This study describes main trade policy tools and mechanisms of Republic of Moldova regarding its foreign trade, with a particular emphasis on the trade with the EU members. The document enumerates the conditions imposed by…
The purpose of this document is to conduct an independent evaluation of the implementation of the economic provisions of the European Union - Republic of Moldova Actions Plan, to determine the practical impact of the…
The key purpose of this document is to evaluate the degree of convergence and of integration of the Moldovan transportation system into the European one, at operational, regulations and standards levels. Current situation and perspectives…
The goal of this study is to evaluate the potential economic impact of a Free Trade Agreement between Moldova and EU. Obviously, the economic impact of such an agreement on EU would be negligible in…
The electoral campaign began long before the Central Election Commission announced the official start. Obviously, the ruling party has the largest number of communication, administrative and budgetary tools, sufficient to acquire a large part of…
Reports in the "Euromonitor" series aim at an independent and objective monitoring of the process of implementation of the Republic of Moldova – European Union Actions Plan. This report monitors the actions taken and implemented…

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