The Republic of Moldova faces a period of transition to a market economy. The reforms promoted for the last years have determined the achievement of some positive results, such as: the creation of a bi-sectoral economy, the private sector having an impact of over 70% to GDP; prices liberalisation; creation of structures for a viable market (commercial banks, Free Economic Zones, etc.)

The undertaken economic reforms in Moldova enjoy the support of International economic-financial organisations. Since 1992, when Moldova adhered to IMF, WB and EBRD, it has benefited from a range of investments from International financial bodies and some countries, such as Romania, Russia, USA, Germany, Japan, and others.

The Republic of Moldova is an industrial-agricultural country. The share of agriculture and industry in real GDP constitutes 37 %, which amounted Lei 10134 million in 2003. About 50,8 % of the country’s active population are involved in agriculture.

The industry is specially concentrated on processing the raw agricultural material, and is also represented by light, chemical, wood processing, machine building industries.

The main products imported by Moldova are the natural gas, petrol products, transport means, and equipment. The most part of energetic resources is also imported. The process of energetic complex privatisation is presently taking place in the Republic of Moldova.

Nowadays, the essential share of the total number of economic agents belongs to :
the private sector – 93,3%
the enterprises with state ownership account to 3,6%
the entrparises with foreign capital – to 2,7%.

Tags: Moldova Economy