USD/MDL - 17.43 0.0875
EUR/MDL - 20.11 0.1114
VMS_91 - 3.03%
VMS_364 - 9.54%
BONDS_2Y - 7.40%
SP500 - 760.88 0.45%
GOLD - 4,345.90 0.05%
SILVER - 64.17 0.5%
EURUSD - 1.15 0%
BRENT - 91.08 8.74%
GAS - 2.78 3.81%

Opinion: GDP growth linked to rising fuel prices

The minimal GDP growth in the second quarter of 2026, as reported today by the National Bureau of Statistics, was driven not so much by gross value added (+0.1 per cent) as by net taxes on products (+0.8 per cent). This clarification comes from Marina Solovyova, Programme Director at the independent think tank Expert Grup.
Tatiana Sichirliiscaia Tatiana Sichirliiscaia Reading time: 2 minutes
Text size
Link copied
Marina Solovieva

Marina Solovieva, Program Director of the Independent Center Expert grup

Add Logos Press as a preferred source on Google

Overall, Moldova’s GDP statistics for the second quarter of 2026 came as no surprise, she notes. Real economic growth stood at just 0.9 per cent compared with the same quarter last year – roughly the same level as in the first quarter of this year (0.4 per cent).

“I think the rise in net tax revenue on goods is linked to the rise in fuel prices and, consequently, the increase in VAT and excise duty collected on that fuel. That’s the extent of our economic growth. Everest, which we have conquered,” the expert sums up bitterly.

By sector, the manufacturing industry, agriculture, utilities and financial services showed some growth. However, this was offset by a decline in the information services and telecommunications sector, construction and education.

Moreover, this is not the first quarter in which a decline has been recorded in the IT and construction sectors. A decline in these sectors was also recorded in the first quarter of 2026.

As Logos Press previously reported, the Moldovan economy barely moved in the first half of 2026: GDP growth stood at 0.6 per cent, according to the National Bank of Moldova’s official flash estimate of GDP for the second quarter and the first half of 2026.


How did this story make you feel?

AdvertisementAdvertisement
Related*
More from author*

We always appreciate your feedback!

Latest news
Popular now*
Must Read*