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EBRD HAS LOWERED THE FORECAST IN GROWTH OF GDP OF MOLDOVA FOR 2012 BY 0,5 P.P FROM 4% TO 3,5%

25-01-2012

This is said in the report of EBRD on regional and economic prospects of Moldova in January, 2012, the resident office of the European Bank for Reconstruction and Development informs. Moreover, EBRD has lowered the forecast in growth of GDP of Moldova following the year of 2011 and projects it will be 5,5% instead of 6%. According to experts of EBRD, high rates of the Moldova’s economy growth are supported by higher amounts of exports, remittances from abroad and investment, which enhance the outlooks of the country. However, recently there have been signs of the decline in production triggered by the weaker external environment, experts stress. The economy of Moldova remains vulnerable due to weak economic growth of its main trade partners and uncertain situation concerning further inflow of remittances. Her, as EBRD experts think, near-term oputlooks of economic growth in Moldova are limited. The Wolrd Bank, as it has been said before, projects 4% growth of GDP of Moldova for 2012 and 4,3% growth for 2013. It expects 6% growth in GDP following the year of 2011. Authorities of Moldova and IMF also forecast 4% growth in GDP of Moldova for 2012, pointing out that decline expected in the global economic activity will lead to slower rates of the country’s economic growth. The cabinet ministers expect the country’s GDP expressed in monetary terms to be 93,1 bln. leis. The information indicating GDP growth for 2011 in Moldova has not been presented yet, but authorities expect the indicator will rise by 7% approximately. In 2010 GDP of Moldova grew by 6,9%, being 71,8 bln. leis and exceeding its 6% decline recorded in 2009.

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  • 18-05-2012

  • INDUSTRIAL PRODUCTION DECREASED 3,4%. IN JANUARY-MARCH, 2011 IN MOLDOVA AS COMPARED WITH THE LIKE PERIOD OF 2010

    17-05-2012

    According to the National Bureau of Statistics, the volume of industrial production declined 4,5% in March, 2012 as compared with March, 2011 The decline in industrial production was explained by 9,1% lower production in the mining industry, by 3,1% lower production in the processing industry and the 3,8% less production in the energy sector.

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  • THE SALES TURNOVER OF RETAIL ENTERPRISES GREW 19,6% IN MARCH, 2012 AS COMPARED WITH FEBRUARY

    17-05-2012

    According to the National Bureau of Statistics, this is 1,2% up as compared with the same period of 2011. In Q1, 2012 the sales turnover of enterprise with retail sales as their primary business line grew 4,4% in comparable prices against numbers of Q1, 2011. The sales turnover of enterprises rendering market services to population increased 18,9% as compared with the previous month and 3,4% as compared with March, 2011. In Q, 1, 2012 their turnover increased 3,7% in comparable prices as compared with Q1, 2011.

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  • THE EUROPEAN COMMISSION HIGHLY APPRECIATES PROGRESS AND PROSPECTS OF MOLDOVA ON ITS WAY TO THE INTEGRATION INTO EUROPE, -HEAD OF EC DELEGATION IN RM DIRK SCHUEBEL

    17-05-2012

    As presenting an annual EC report on implementation of the European Neighboring Policy, realized since 2011, at a press-conference on Tuesday, he said that within the last year Moldova achieved significant progress in lots areas and stands a chance to be given a “chunk of the pie” from the budget assigned by EC for realization of ENP.

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  • THE AVERAGE WAGE IN THE ECONOMY OF MOLDOVA MADE UP 3273,5 LEIS IN MARCH, 2012, 9,7% UP AS COMPARED WITH MARCH, 2011

    15-05-2012

    Adjusted to inflation, it grew 4,1% in real terms. The average wage was2957,5 leis if the budget sector and 3423,6 leis in the real sector, growing 11,9% and 8,8% respectively. According to the National Bureau of Statistics, the highest average salary was paid to workers of the banking sector and made 7214,8 leis(+15,6% against March, 2011).

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