OREANDA-NEWS. February 14, 2013. This estimate is indicated in the research “MEGA: Analysis of Economic Growth of Moldova”. Experts explain the decrease by unfavourable weather conditions, crisis in the EU and some policies that failed to be implemented.

According t to Ana Popa, an expert of Expert-Grup, authorities could have done more in such areas as customs administration, judicial system, control over, and efficient use of, public finance, public property. In 2012 Moldova managed to attract much less direct investments from abroad than other countries did, and was about to be left by some large investors, Expert- Grup points out.

According to the researchers, it has nothing in common with the crisis in the euro area and the drought, but justifies that the government of Moldova is incapable of taking regular measures to support a favourable business climate in the country. Economy Minister Valeriu Lazar, who visited the presentation of the research, pointed out that GDP of Moldova is estimated to have grown by 0% in 2012. According to him, it is premature to talk about recession. “Last year Moldova experienced the second wave of the crisis it was prepared for better than in 2009, when Moldova’s GDP declined 6.5%”, the Minister reminded.

According to him, 2012 was especially unfavourable for Moldova and the main reason was the drought yet. For GDP to grow in 2013 it is extremely important to improve state policies, Valeriu Lazar thinks. As it was said earlier, in 2013 Moldova’s GDP is expected to grow by 3.5% by Expert-Grup; by 4% by IMF and by 3% by EBRD.