OREANDA-NEWS. July 18, 2011. The growth of the macroeconomic indicators of Moldova in the first half-year confirmed correctness of reforms carried out in Moldova. It is read in the report on results of the Ministry of Economy’s activity in the first half of this year. According to it, in the first half-year, the Ministry implemented a number of concrete structural reforms that influenced the macroeconomic indicators of this period. In the first quarter of this year, Moldova’s GDP grew 8.4 percent.

In January-May this year, exports grew 63 percent, import’s quality improved – supplies of production equipment grew. Cargo transportation volume increased by 30.8 percent (the best indicator in the CIS countries). In January-April the industrial output increased by 9.2 percent. The average salary in the national economy in April 2011 increased by 13.7 percent in comparison with April 2010, the amount of pension – by 8.1%. According to the report, these results are the proof of the correctness of the reforms implemented by the Ministry. Launch of the “Guillotine-2” is one of the most important of them. In addition, the draft law on regulation by authorizing business activity was elaborated.

The list of documents of the authorization character after the analysis of 406 authorizing documents has 271 documents remained. In this period, the Ministry also started working at development of industrial parks, improvement of activity of Free Economic Zones as the main instruments to encourage investments. As a result, direct foreign investments in economy in the first quarter of 2011 totaled \\$74.9 million (5.4% of the GDP), up 1.7 times against the same period last year, investments into the fixed capital grew 24.9%. Big efforts of the Ministry in the first half of the year were made to improve export and import conditions. There is a progress in preparation for the talks over establishment of the comprehensive and deepened free trade zone with the EU and the negotiations over the agreement on free trade in the CIS; the Moldovan-Russian inter-governmental protocol on supplies of goods within production cooperation in 2011 was signed.

To provide Moldovan production’s competitiveness, 72 national standards identical to the international ones (ISO / IEC) and 614 national standards identical to the European ones (EN) were adopted and 144 national standards going contrary to the European standards were annulled. In the energy sector of Moldova, it was managed to sign or to have a considerable progress at talks over inter-connection with the energy infrastructure of Romania and Ukraine. The Agency for Sustainable Energy started its work and together with the UNDP it launched an ambitious project “Energy and biomass”.

The conclusions of the Ministry of Economy’s report read that the Ministry managed to implement the most part of the government’s policies, however reforms in the dependent sectors could have been quicker if reforms in other related sectors – justice, law machinery, customs and tax administration and others were supported.