In 2016 Moldova registered robust growth, recovery was supported by favorable conditions in agriculture and robust private consumption. Higher wages, lower inflation and higher employment resulted in a decline in poverty rate. Supported by consumption and accommodative fiscal policy, growth is projected to maintain its momentum in the mediumterm. While Moldova is slowly rebuilding its macroeconomic buffers, major policy challenges related to governance— particularly in the financial sector—and efficiency of public spending remain. Read more
An Eastern European country land locked between Romania and Ukraine, Moldova is a temperate country that often flies under the radar. Gently rolling hills are characteristic of the landscape, with Chisinau, in the central part of the country, as the capital. One of the more productive agricultural regions, Moldova is especially known for its wine culture. The drought in 2006 and 2007 made it difficult on the Moldovian economy. However, in 2011 their growth rate was % and the country is approaching middle-class status. Over 90% of the country is Orthodox Christian. Since the fall of the Soviet Union in the early 1990s, Moldova has made integration with Europe a priority, and continuously works towards the goal of EU membership.