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Economy

EU offers 3,6 million euros to Moldova for consolidating quality infrastructure for DCFTA

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2 February 2018- The European Union launched the project “Support to the Quality Infrastructure Framework within a Deep and Comprehensive Free Trade Area (DCFTA) Context” in the Republic of Moldova.

The objectives of the project are continuing the alignment of the country’s quality control and monitoring infrastructure to the EU requirements, increasing the competitivity of the private sector, by improving the production processes, the quality, and the business of the SMEs, elaborating the action plan for better visibility and communication of the DCFTA, especially in the domains of the quality infrastructure.

Worth 3,6 million euros, the project will last for 3 years.

The EU is Moldova’s main trading partner, accounting for approximately 64% of exports and almost 50% of imports. The DCFTA provisionally entered into force in September 2014.

Currently studying International Relations at the University of Pécs, Hungary. Study focus: Transnistrian conflict settlement, Moldovan statehood, Moldovan democracy.

Economy

World Bank provides $10 million loan to Moldova for education reform

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16 February 2018- The World Bank’s Board of Executive Directors approved a 10 million USD loan for Moldova’s education system reform.

The loan with a maturity of 30 years is aimed at improving learning conditions in targeted schools and strengthen Moldova’s education monitoring systems while promoting efficiency reforms.

“One of our biggest concerns is the mismatch between labor market demand and the current training offered by Moldova’s educational system,” said Anna Akhalkatsi, World Bank Country Manager for Moldova.

According to a WB press-release, a considerable number of Moldovan students, teachers, and school managers will benefit from expanded training activities, the further provision of science laboratories and ICT equipment, as well as training for teaching support staff to promote inclusive education for students with special needs and/or disabilities.

Moldova Education Reform Project of the World Bank is worth 40 million USD started in 2013 and end in June 2019.

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Economy

Moldova Socialists submit motion on economic policy

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15 February 2018- The caucus of the Socialists’ Party of Moldova submitted to the Parliament a simple motion against the policy conducted by the Economy and Infrastructure, led by minister Chiril Gaburici. The Socialists are complaining about the “disastrous” economic state of the country.

According to Socialist MP Vasile Bolea, the year of 2017 was a total failure because of the over-taxation and cut capital investment policies.

“The submission of this motion represents our will to call on the minister to participate in a debate to explain the causes for economic disaster, to talk about the state of the national economy, jobs, the cut public investment, about the state enterprises that are sold for small money. The policy is going in the wrong direction and does not represent the interests of the citizens”, declared Bolea.

The motion is reportedly being sent to the Government.

Chiril Gaburici was sworn in as Economy minister at the beginning of January 2018.

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Economy

US Ambassador: Moldova’s “progress disappointed” in 2017, some laws are “a step back”

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The United States Ambassador to Moldova, James D. Pettit, declared in a TV8 interview that Moldova’s “progress” was disappointing in 2017. According to Pettit, some laws promoted by the Moldovan authorities constituted “a step back for the country”.

“Last years, the international development partners were slightly disappointed with the lack of progress. Recently, (I) have seen different draft laws that were effectively a step back”, declared His Excellency. As dubious and problematic, Pettit mentioned the switch to the new electoral system and the draft law on the “decriminalizing of the economic crimes”, pushed by the Economy Ministry. At the same time, he pointed out that corruption is the problem number one and that Moldova needs structural reforms, not only technical ones.

Ambassador Pettit is not impressed by the 4% economic growth either:

We are happy to have seen economic growth, but I would say that 4% for such a small country like Moldova is a relatively modest achievement”, added the American Ambassador.

Despite the critique brought by the US and EU Ambassadors, the Prime-Minister, Pavel Filip, did not renounce from the draft law on “decriminalizing economic crimes”, claiming that the idea came out of the “discussions with business”.

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