ANNUAL REPORT JUNE 2010
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
MOLDOVA STOCK EXCHANGE
ECONOMIC AND POLITICAL DEVELOPMENTS
Total basic policy of 2009 is the cardinal
change of power in the country, which has
caused essential changes in state policy both
internal and external.
The four parties (Liberal Democratic Party,
Liberal Party, Democratic Party, and Our
Moldova Alliance) founded the Alliance for
European Integration. The Alliance for
European Integration became the ruling
coalition and the communists - opposition. The
new governing coalition in Moldova has set
European integration as its main priority of
foreign policy.
In 2009, in the capital of our country took place
CIS summit in which representatives of the new
government met with the politicians from
neighboring countries. The theme of the
summit was the economic crisis and the
struggle with its consequences.
The crisis came from abroad, and for the
country vulnerable to external shocks, such as
the Republic of Moldova, recession economy
has became a crucial factor which has caused
the change of the economic growth’s trend
since the end of 2008. But despite the fact that
since the second half of 2009 seen the first
signs of global economic recovery thanks to
the efforts undertaken by world’s governments,
the beneficial effects of these global trends on
the economy of the Republic of Moldova
becomes apparent later.
The European Union and Moldova launched
officially negotiations on a new Association
Agreement. These negotiations reflect the
positive evolution of political and economic
relations between the EU and Moldova, and
the opportunity to widen and deepen
cooperation under the Eastern Partnership.
The future agreement will deepen the political
association and economic integration of
Moldova and the EU. These negotiations take
place against the background of increasing
bilateral trade over the past years and a
significant increase of EU assistance to
Moldova.
Moldova and International Monetary Fund (IMF)
officials have signed an agreement for a loan
that will help to cover the budget deficit.
Involvement in the national economy of
strategic investment, particularly foreign direct
investment in sectors characterized by high
levels of competitiveness and oriented on
export, including through the development of
related infrastructure (industrial parks, free
economic zones) is one of the priorities
established by the Ministry of Economy for
2010. The other priorities are: beginning the
process of negotiating a new regime with the
EU concerning free trade agreement, the
development of a legislative framework for
consumer protection and supervision over the
market, harmonized with European legislation,
improving the system of business regulation,
development of credit guarantee schemes for
small and medium-sized enterprises,
promotion of the small and medium-sized
enterprises to provide new opportunities and
achievement of a greater ability of the
economic system to adapt to the current
requirements of a market economy.*
* Information provided by Moldova SE.
Key Information Contacts
Government of the Republic of Moldova www.gov.md
Ministry of Economy www.mec.gov.md
Public Property Agency www.app.gov.md
National Bank of Moldova www.bnm.org
National Commission of Financial Market www.cnpf.md
Chamber of Commerce and Industry www.chamber.md
National Bureau of Statistics www.statistica.md
REAL GDP
(MDL millions)
CONSUMER PRICES (% CHANGE PA; AV)
(%)
30 14
25 12
10
20
8
15
6
10
4
5
2
0
0
2005
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