GDP Growth to Exceed 4%, Moldovan Ministry of Economy
OREANDA-NEWS. July 04, 2013. There have been all prerequisites for GDP growth to exceed 4% the Ministry of Economy projected for 2013, -Valeriu Lazar.
At press conference, the Minister noted that in Q1, 2013 nearly all branches of the national economy signalled the growth. “Industry has been rallying, investment has been growing, and the situation in regions of Moldova has been improving. Our major trade partner in the Euro area – Romania – shows the fastest economic growth among EU states.
The situation in Turkey is also not bad. An external situation is rather optimistic”, the Minister said. He pointed out the recovery of investment in the industrial sector and first visible results of public investment in infrastructure projects. “The mining industry has reported the 40% growth; all quarries have worked. Hundreds of millions invested by the state have been paying its way. This is a method to encourage the short-term economic growth. And to develop all related branches’, Valeriu Lazar noted.
According to him, there have been some objective factors that allow projecting the 4 to 5% growth in the economy of Moldova. The Minister noted a necessity to promote important projects and structural reforms to develop economic capacity of Moldova. As it was said earlier, in Q1, 2013, GDP of Moldova grew 3.5% after the 0.8% decline registered in 2012. The annual growth in GDP of Moldova will amount to 4% within 2013-2014 and to 5% in 2015-2016, the Economy Ministry has recently predicted.
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