If Moldova effectively utilizes the investment resources offered by the EU, this could lead to economic growth of up to 5.3% by 2028 and lay the foundation for faster growth after - Doina Nistor.
The Minister of Economic Development and Digitalization said this during the public consultations on the Reform Program of the Growth Plan, financed by the European Union for the next 3 years. Within the framework of the event, organized by the Ministry of Economic Development and Digitalization jointly with the Bureau for European Integration and the State Chancellery, the reform agenda of the Moldova Growth Plan for 2025-2027 was discussed with the participation of over 100 representatives of civil society, the business environment, local authorities and social partners. It was emphasized that the Growth Plan, supported by the European Union, represents the largest and most ambitious financial assistance package in the history of Moldova in the amount of 1.9 billion euros, which opens up a unique opportunity to radically transform the economy and improve the standard of living of citizens. An important aspect of the plan's implementation is public consultations, which ensure that the measures taken will meet the real needs of entrepreneurs and citizens, and that the benefits will be felt by all communities. The public consultations were attended by representatives of the Moldovan government, the business environment, civil society organizations and local authorities, who had the opportunity to express their opinions and proposals in the development and implementation of reform plans in such important areas as governance, economy, education, healthcare and others. Doina Nistor emphasized the objectives of the plan related to improving the business environment and sustainable investment promotion. "The growth plan will help implement our vision of an economic competitiveness model based not only on costs, but also on higher added value, productivity, technology and innovation. If Moldova effectively utilizes the proposed investment resources, this will lead to an estimated economic growth of up to 5.3% by 2028 and will lay the foundation for even faster growth after that," the head of the Ministry of Economic Development and Digitalization noted. Deputy Prime Minister for European Integration Cristina Gherasimov said that all actions that the authorities are going to take are aimed at responding to the real needs of citizens and making concrete changes in people's lives through public services, roads, hospitals, modern schools, better conditions for entrepreneurs and a more competitive economy. Secretary General of the Government Artur Mija stressed that the investments expected in Moldova in the near future will contribute to economic growth and improved living conditions that we all want, but it is important to make joint efforts (public institutions, business environment, civil society) to succeed in the efficient use and development of funds provided by the European Union. The reform program of the Growth Plan is based on 7 fundamental pillars of Moldova's development: private sector development, connectivity and digital infrastructure, economic governance, social capital, green transition and natural capital, security and energy efficiency, fundamental values. The impact of the EU-backed Moldova Growth Plan is expected to be: reduced regulatory burden: lower costs for businesses, increased entrepreneurial activity and greater private sector investment; improved access to finance: greater financial inclusion, more credit for SMEs and increased innovation and productivity; digital transformation and market expansion: greater efficiency, lower administrative barriers and closer integration with EU markets; increased SME competitiveness: stronger support systems, greater export potential and better access to global value chains. The public consultation will run until 31 March. The Growth Plan was adopted by the European Parliament in March and is subject to approval by the Moldovan government. //25.03.2025 – InfoMarket.
