Launch of the 14th edition of the publication “Moldovan Economic Trends”

On 28 October 2014 took place the launch of the quarterly publication 14 “Moldovan Economic Trends” of the National Institute for Economic Research (NIER). This event has been organised in cooperation with the EU-funded project “Support to the DCFTA process in the Republic of Moldova” (DCFTA project). In the context of implementing the DCFTA in the Republic of Moldova, Nikos Economou, team leader of the DCFTA project, emphasized the added value of the publication to the overall monitoring of DCFTA implementation in the country and its impact on economic and social sectors.

Main topics covered during the event were:

- latest tendencies that marked the social-economic activity in the country. A comprehensive analysis of the results registered in the first half of 2014 is presented in the current publication.
- preconditions and constraints for economic growth in 2014. An updated forecast of NIER has been presented on the evolution of major macroeconomic indicators.

NIER also presented other findings and figures in the economic sector. In the first half of the year, the national economy registered an annual economic growth of 3,9% – a high performance comparing with other countries in the region – i.e. Ukraine, Romania and the Russian Federation. Export and gross fixed capital formation were the main factors that maintained the GDP growth. On the contrary, during the same reference timeframe, the value of net Foreign Direct Investment inflows in the national economy did not increase, being at their lowest level in the past 10 years. For the second half of the 2014 year, an insignificant growth in the trade of goods sector is anticipated. A favourable year for crops secured a high volume of production, but the relative change will be insignificant. Due to factors such as political instability and disruption of economic activity in the CIS countries, as well as the embargo of Moldovan goods to the Russian market, NIER reviewed its economic growth forecast for 2014 from 3,7 % to 2 %.