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Category: Point of View
The land use regime in Moldova is not functioning properly, with costs that limit the economic potential and revenues of local budgets. An external compliance audit of the management and assessment of land owned by administrative-territorial units assessed the process of delineation of state land assets as inefficient.
The area of financial control tops the ranking of the country’s readiness for the EU accession process, while public procurement and freedom of expression continue to face significant challenges.
The progress of preparations for European integration was assessed at 3 points. The evaluation of the second independent report on monitoring Moldova’s implementation of the European Commission’s recommendations was carried out by the independent analytical center Expert-Grup. The pain points are everywhere, we present some of them.
Moldova has been in a state of protracted reforms without a clear perspective for decades. The incomplete transition from the Soviet past, constant political crisis, growing social inequality, high level of corruption and lack of strategic thinking create an unstable institutional environment. Systemic contradictions have engulfed all spheres of life and intensify institutional fragmentation and polarization of society. But most importantly, they impede sustainable development. And here in Moldova, for the first time, they started talking about a new, real and working vision of economic revival. At its center is the quality of public administration as a basis from which all other directions of modernization are naturally built: from the economy to the social sphere.
Last week marked 33 years since the end of the war on the Dniester: On July 29, 1992, the Joint Peacekeeping Forces were established and the peacekeeping operation in the Security Zone began. An unrecognized territory – the Transdniestrian Moldovan Republic – appeared.
With heightened uncertainty, policymakers in emerging economies will be forced to make difficult trade-offs between high debt, slowing growth and new spending needs, the IMF said in a blog on economic policy adjustment.
Moldova’s specialists will be able to develop more accurate forecasts of the energy sector’s development and its impact on climate change. This was reported by the Ministry of Energy, noting that the agency’s energy forecasting specialists received practical training at a July 29-30 workshop on a new energy system modeling tool developed with OSCE support.
Moldova’s new debts overlapped the old ones. And the external public debt increased by a third during the year. And the total debt of the state, thanks to this, has significantly gained weight. The weakening of the national currency, despite the NBM’s efforts to support the exchange rate, certainly made its contribution. But against the background of world financial events, it does not look like such a respectable factor for new borrowings burdening the economy. Although without them we are nowhere.
The AIS MIAD (Information System for Management and Issuance of Authorization Documents), once introduced with great pomp, still does not pay back the resources invested in it. Such conclusions were reached by the Court of Accounts of the Republic of Moldova, having assessed the implementation of recommendations by the agencies.
This week, the first portion of the census campaign results – the number of the population permanently residing in the country and by regions – was announced. The second portion – about demographic features – was saved for the end of August. We will learn information about residential buildings only by the end of the year. The question about the time of disclosure of ethnic composition, nationality and mother tongue was not even raised by those present at the official meeting at the National Bureau of Statistics (NBS)….
Against the background of the general well-being of the financial sector, the decline in profitability of the insurance business in the first quarter of the year looks, at least, strange. The National Bank does not name the real reasons for the deterioration, but fixes the decrease in total profit, losses of insurance companies and other obvious symptoms of temporary malaise.
As a rule, the fiscal and customs policy for the next year is approved/adopted around the middle of the current year or, in some cases, at the end of July, when the Parliament officially concludes its spring-summer session. This is done both to enable the Government in general and the Ministry of Finance in particular to develop the state budget for the next year on the basis of the new fiscal and customs policy, and to enable the business environment to prepare in advance for the new rules that are about to come into force.
