The pandemic crisis hit the national economy hard in the second quarter of 2020 - GDP decreased by 14% compared to the same period in 2019.

The pandemic crisis hit the national economy hard in the second quarter of 2020 - GDP decreased by 14% compared to the same period in 2019.

According to the Ministry of Economy and Infrastructure, the head of the department Sergiu Railean said this at the Invest Găgăuzia 2020 forum, noting that this is the most serious economic recession in the past 20 years. In this context, the minister said that together with business associations, development partners and economic experts, a program of post-pandemic economic measures for 2020-2021 is being developed to restore the economy of Moldova. In particular, in order to identify new reserves of economic and trade growth for Moldovan producers of goods and service providers, as well as to facilitate interaction between the government, the business community and consumers, the Ministry of Economy and Infrastructure approved a roadmap that aims to stimulate the process of digitizing the national economy and development of electronic commerce. Sergiu Railean expressed hope that, despite the global crisis, Moldova will remain an attractive destination for investment. Attracting foreign direct investment has been and remains a government priority, since it plays a key role in accelerating economic growth, regional development, and transfer of new technologies and know-how. To provide attractive conditions for potential investors in Moldova, there are 7 free economic zones, 10 industrial parks, Giurgiulesti port, and 18 multifunctional industrial platforms will be created. In addition, Moldova has one of the most competitive tax systems in the region, as well as benefits provided to residents of IT parks. // 23.10.2020 — InfoMarket.

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