Moldova’s Economy Ministry Sets Five Key Priorities for Reform

The Ministry of Economic Development has set out its priorities: the public sector, investment and tourism

The Ministry of Economic Development and Digitalisation has identified the key areas of its work for the immediate future. The department’s main priorities will be integration into the single European market, reducing bureaucracy and large-scale reform of the public sector. As emphasised by the ministry, the key objective is to convert external financial support into tangible investment projects to stimulate the national economy.

Claudiu Năsui

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Following meetings between the ministry’s leadership, headed by Claudiu Năsui, and representatives of the European Commission and relevant departments, five strategic priorities have been identified. The first priority is to accelerate the implementation of Moldova’s Growth Plan.

Particular attention will be paid to the prompt utilisation of the EU aid package and the stimulation of investment. The ministry intends to expedite the launch of major infrastructure and road projects to offset the current inertial slowdown in GDP growth.

The Ministry’s agenda

The transformation of state-owned enterprises will be central to the new agenda. Claudiu Năsui announced the preparation of a large-scale reform of state-owned enterprises, which envisages their phased transformation into joint-stock companies and the creation of a holding structure for companies managed by the Public Property Agency (APP). The aim of the reform is to increase transparency in management, reduce the burden on the state budget and introduce modern standards of corporate governance.

The full digitisation of tax services is the next step. In collaboration with the State Tax Service (GNS), the ministry plans to complete the transition of all tax services for businesses to an online format by the end of 2026. At present, 17 out of 19 key services have been digitised. It is expected that this will not only improve the business climate but also enable the integration of Moldova’s information systems with EU databases.

The Ministry’s main focus is on reducing bureaucracy, simplifying procedures for entrepreneurs, attracting investment and developing the capital market to facilitate Moldova’s integration into the EU single market.

“We are striving to ensure that the reforms being implemented lead to a tangible reduction in red tape, an increase in private investment and the opening up of new opportunities for Moldovan companies. “The economic growth plan is our lever for accelerating systemic changes and preparing Moldova for full integration into the single European market,” said Claudiu Năsui, Minister of Economic Development.

The new minister sees regional tourism as a very promising area for investment. In partnership with international organisations, the Ministry of Economic Development is launching programmes to support the local tourism potential of rural communities, which should create new jobs in the regions.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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