After four per cent growth in 2016, we expect a growth rate of over four-and-a-half per cent in 2017, Octavian Calmac, Deputy Prime Minister and Minister of Economy of Moldova, tells Emerging Europe.
Moldova has been working recently to foster investments and to address the accumulated challenges in the banking and the real sectors. The programme with the IMF is on track and it has been serving as an important anchor point for structural reforms, including the comprehensive transformation of Moldova’s banking sector which is showing itself through improved regulations and front-loaded efforts to foster good governance and transparency.
For the economies of emerging Europe, the international economic environment appears generally positive. In 2017-2018, GDP growth in the Euro area is expected to hover at around 1.7 per cent. The international financial markets have stabilised and the current economic mood is improving. Because of the global recovery, the US Fed is expected to increase interest rates further in 2017, while oil prices are likely to rise. In the EU, disbursements from the payments’ cycle of the European Structural and Investment Funds are only just beginning, indicating higher co-financed investments in the Central and Eastern European EU member states (EU-CEE) from this year onwards.
A lot of our motivation to create open-source eco-innovations and sustainable solutions and to improve the state of the world is based on the emotions of fear: the fear of an environmental apocalypse and the guilt that we, humans, are contributing to its advent through our daily activities and lifestyle choices, says Alexandr Iscenco, CEO of MEGA, or the Moldovan Environmental Governance Academy. He spoke to Justyna Wrobel about the origins of his organisation and its plans for future development. Continue reading MEGA: Moving Towards a Vision of a Sustainable World
Moldova’s recent presidential elections which took place in mid-November, and which resulted in Igor Dodon’s victory, have shown that there is more than just a political divide between Moldovans. Continue reading Old Fashioned Skulduggery Overshadows the Elections in Moldova
The global economic environment continues to be challenging. The ‘wounds’ inflicted by the global financial crisis of 2008 have not yet healed completely and world economic growth remains rather subdued. This particularly applies to the advanced countries and especially to the Euro Zone, which is the most important trading partner for the Eastern European countries. Continue reading Are Labour Shortages Driving Economic Growth?
The EU has been consistently very weak in dealing with post-Soviet countries (except the Baltic states) compared with the former Communist countries of Central Europe and Southeastern Europe. The latter knew exactly where they wanted to be after 1989: part of the Euro-Atlantic constellation. Joining the EU and NATO was their goal. It was about coming home to a reunited Europe. Continue reading The EU’s Benign Neglect Of Eastern Europe
After the signing of the Association Agreement between the European Union and Moldova in April 2014, the EU membership became a clear perspective for the 25 year-old country. A coincidence or not, the same Agreement was proposed to Ukraine and Georgia in the context of the Russian expansion — the annexation of Crimea and the intervention in Donbass. Continue reading Has Moldova Come To a Dead-End Or Is the Country Preparing For a New Start?
Almost every single economy in emerging Europe implemented at least one reform in the last year to improve their business environment. In consequence, as many as 16 economies in the region are featured in the Top 50 of the World Bank’s Doing Business 2016 report. Emerging Europe speaks to Rita Ramalho, Manager of the World Bank–IFC Doing Business, who has compiled a resume about the emerging Europe region especially for us, about how the reforms introduced have helped make doing business easier across the region. Continue reading World Bank’s Doing Business Report 2016 Resume For Emerging Europe
France may be Europe’s largest wine producer, but it is Georgia where wine was born.
It is said that wine production started about 7,000 or even 8,000 years ago and archeological remains found in the area suggest that as early as 4000 BC grape juice was placed in underground clay jars or qvevri to ferment during the winter. Last August, 43 ancient qvevries dated back to the 11-13th centuries were discovered by archaeologists at Khikhani Fortress, Adjara, Western Georgia. Continue reading Georgian and Moldovan Wines: Discovering the Old Tradition Anew
During the civil war that followed Moldova’s independence 22 years ago, the central government in Chișinău launched an offensive to regain the territory held by the pro-Russian separatists. Without formally declaring war, however, Russia came out on top in this small conflict. Suddenly, entire Russian army battalions armed with tanks and heavy artillery stepped out as “volunteers” to fight against Moldova.
Almost two months have passed since the parliamentary elections of November 30, 2014, one of the most controversial elections in Moldova’s short history as an independent state. Particularly, the elections were marked by a strong geopolitical character, reflecting two strategic integration options: implementation of the Association Agreement with EU versus joining the Customs’ Union “Russia-Belarus-Kazakhstan.“