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- Imprint
- Govember 2025
- State of the CountryReport
- Republic of Moldova 2025
- Authors (in alphabetical order):
- Adrian LupusorStas Madan Dumitru PânteaMarina Soloviova
- Table of Contents
- List of figures
- List of tables
- Abbreviations
- Key messages
- Economic stagnation continues, while the country’s economic growth model has exhausted its potential
- Modest economic growth also entails significant social costs.
- However, some positive trends are beginning to emerge for 2025–2026
- The quality of governance remains a pressing issue and a significant barrier to European integration
- Special Issue:The phenomenon of poverty in Moldova — understanding the causes, identifying the most vulnerable, and formulating targeted policy priorities
- The succession of inflationary shocks in recent years, combined with weak economic growth and chronic social vulnerabilities, has created a stark reality: according to poverty indicators calculated by the National Bureau of Statistics (NBS), approximately one-third of the population of the Republic of Moldova lives below the absolute poverty line, and over a quarter lack access to essential elements of modern life, including healthcare, education, sewerage, drinking water, heating systems, and decent jobs.
- Technical box:
- Analysis of the main trends and developments
- Evolution of monetary and multidimensional poverty rates, % of households
- Evolution of monetary and multidimensional poverty intensity indicators, %
- Educational levels of working-age residents in Moldova (aged 20–64) and corresponding absolute poverty rates
- Untruncated multidimensional poverty rates, % of total population
- Policy recommendations
- Taking account of the factors that exert the greatest influence on monetary and multidimensional pov-erty indicators, public policy priorities should focus on the following areas:
- Considering the groups that are most prone to poverty, public policies aimed at combating deprivation should take into account the following:
- As measures to combat poverty require substantial financial resources, it is appropriate to review cur-rent fiscal policies, taking into account the following aspects:
- Main indicators of monetary and multidimensional poverty
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- Firms
- The state of the country is determined by the development and competitiveness of its companies, the well-being of the population, and the efficiency and quality of governance. These three defining ele-ments are closely interconnected, which is why they are analysed as a priority in this State of the Country Report. This chapter focuses on the first of these elements, assessing the dynamics of the pri-vate sector in the Republic of Moldova and identifying the most significant trends for the period 2023–2025.
- Analysis of the main trends and developments in the real sector
- Entrepreneurship
- Dynamics of the number of newly created and liquidated enterprises, January–July of each year
- Agriculture
- Industry
- Services
- Investments
- Investments in fixed assets by form of ownership, year 2019=100
- Analysis of the main trends and developments in the financial sector
- Analysis of the main trends and developments in the business environment
- Policy recommendations
- The main indicators monitored regarding the economy of the Republic of Moldova
- People
- In the first half of 2025, wages continued to increase, although the pace of real wage growth slowed amid accelerating inflation and general economic stagnation. At the same time, real pensions and remit-tances declined in value. The average old-age pension and the average monthly childcare allowance ex-ceeded both the average subsistence minimum and the absolute poverty threshold; however, the average monthly disability pension did not cover the subsistence minimum and remained well below the absolute pove
- Analysis of the main trends and developments
- Amount of main types of pensions and allowances, MDL
- Absolute poverty indicators, %
- GDP and final consumption of households, physical volume indices, y-o-y, %
- Volumes of new loans granted to individuals by licensed banks, million MDL
- Policy recommendations
- Key indicators monitored regarding the well-being of the population
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- Governance
- The quality of governance is a fundamental element in assessing the state of a country, as the effective-ness of institutions, the transparency of decision-making, and the integrity of public administration deter-mine both citizen trust and success in implementing reforms. This chapter reviews governance perfor-mance by examining whether decisions are made in the public interest rather than being made to achieve narrow political goals or to serve only a narrow segment of the electorate, the level of transpa
- Analysis of the main trends and developments
- Policy recommendations
- Main indicators monitored in relation to governance
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- About Expert-Grup
- Who We Are
- Our Mission
- Expert-Grup’s Four Core Values
- Expert-Grup’s 10 Priorities
- About FES
- Who We Are
- FES in Moldova
- Democratisation and political participation
- European integration
- Economic, social, and environmental policy
- Raportul de Stare a rii 2025 ofer o analiz cuprinztoare a evoluiilor economice, sociale, politice i geopolitice ale Republicii Moldova, examinând cele trei dimensiuni fundamentale ale strii rii — bunstarea populaiei, mediul de afaceri i calitatea guvernanei. Ediia din acest an include un capitol special dedicat fenomenului srciei, care exploreaz cauzele, vulnerabilitile i prioritile de politici pentru reducerea inegalitilor i a lipsurilor cu care se confrunt populaia. Raportul prezint tendinele majore, indi