🇲🇩Chişinău, Moldova remains one of the poorest countries in Europe?

Bulevardul Stefan Cel Mare Chisinau is a typical post Soviet city Large-scale residential and administrative construction was typical of the Soviet period, which shaped the image of the capital of Moldova and continues to play a decisive role. Chisinau does not look like a modern European city, but rather like a provincial province. But there is excellent Internet in the city and there are enough free WiFi points. There are enough stray animals, but there are no shelters for them. Moldova's economy is showing signs of recovery after the recession in 2022. Economic growth of 2.0% is projected in 2023 due to the agricultural sector. In 2024, growth may increase to 3.9% due to an increase in private consumption. Despite a decrease in inflation to 4.2% by the end of 2023 and a reduction in the budget deficit, problems remain related to the strengthening of the currency and the lack of incentives for growth. Trade with Ukraine declined, while exports of services increased. Trade relations with the EU, which focuses on plums and pork, and the possible transition from the US dollar to the euro as the base currency may open up new economic opportunities. At the same time, GET experts note a number of alarming trends, such as, for example, a moderate economic recovery after a severe recession in 2022, Tighina Street GDP growth of 2% mainly due to agricultural production, and an estimate of GDP growth by 3.9% by the end of 2024 mainly due to increased consumption in the economy, but it is also noted that this forecast may be revised downward. In turn, the NBM, according to GET estimates, coped quite successfully with inflation, which reached 4.2% in December 2023 and thus fell within the target range. Also, to some extent, the positive aspects include a lower-than-expected budget deficit of 5.0% of GDP in 2023 due to incomplete budget execution and a further slight decrease in the budget deficit to 4.6% of GDP in 2024. There is also a general decrease in foreign trade in goods in 2023 due to a decrease in trade activity related to the UK (re-export of fuel and agricultural products from the UK); at the same time, a high and growing level of exports of services. Moldova's GDP and its main structural components Thus, GET experts state the general stabilization of the macroeconomic situation in Moldova, but with the absence of significant drivers of economic growth in the near future. Piata centrala : Market Also, in terms of nominal GDP per capita in 2023, Moldova, with an indicator of 6,411 USD, is almost three times behind Romania with an indicator of 18,413 USD, and in the Eastern European region it surpasses only war-torn Ukraine with an indicator of 5,225 USD. In general, structurally, Moldovan GDP by the end of 2023 is characterized by positive dynamics in agriculture due to increased yields, as well as a steadily growing information technology sector, including due to the high level of exports of IT services (an increase of +11%). In turn, there is a pronounced negative trend in the manufacturing industry and construction, which is also the reason for weak investment activity in Moldova. In addition, retail trade also shows a serious drop, to -11%, which is even more than in construction (-8%) and manufacturing (-7%). Following the results of 11 months of 2023, the countries of the European Union have become key partners both in terms of Moldovan imports and Moldovan exports. All EU countries accounted for 62% and 47% of imports, respectively, which is many times more than any other country or region. There is also an extremely significant difference between the volumes of imports and exports to China, and the volumes of both imports and exports to Russia continue to decline steadily. For the optimal viewing experience, be sure to watch on a large TV. If you are present on this video and you don't want to be please contact me or comment on this video and i will remove you completely & immediately, Thank you! Don't forget to like, share, and subscribe for more virtual travel experiences! Primaria municipal Chisinau The Arc de Triomphe is also called the Holy gates of the capital. On the second level on the side of the square there is a clock that notifies the inhabitants of the city and makes a characteristic sound every hour. The Holy Gates were built in 1840.

Share your thoughts

Related Transcripts

Poorest Countries in Europe: Risk or Opportunity? thumbnail
Poorest Countries in Europe: Risk or Opportunity?

Category: Education

Intro hello guys welcome to another video in this video we will discuss the poorest countries in europe by gdp per capita the gdp per capita figure takes into account everything that is produced in a country and divides it by its population it is a very accurate measure to see how much wealth is being... Read more

Yellowstone National Park in  USA Facts #Tourism #Travel thumbnail
Yellowstone National Park in USA Facts #Tourism #Travel

Category: Travel & Events

Yellowstone national park usa facts yellowstone national park established in 1872 is the first national park in the world spanning 34684 sare miles 8,983 square km across wyoming montana and idaho it sits a top a super volcano which fuels over 10,000 geothermal features including the famous old faithful... Read more

Moldavië, land gevangen in armoede thumbnail
Moldavië, land gevangen in armoede

Category: Nonprofits & Activism

Ingeklemd tussen buurlanden roemenië en oekraïne op de grens van europa in azië ligt een land zo groot als nederland moldavië deze kleine republiek is tot 1991 onderdeel van het communistische sovjetunie maar wordt dit jaar onafhankelijk het begin van een roerige instabiele periode met veel politieke... Read more

Stranded in Serbia/Destination: San Sebastian, Spain thumbnail
Stranded in Serbia/Destination: San Sebastian, Spain

Category: Travel & Events

i was on my way to barcelona tonight, but uh, my flight was overbooked, so i'm stuck here in serbia's valade airport, um, trying to find out what's going on, but everyone's only speaking in serbian, so i dunno, i guess i'm stuck here. welling's paying for our hotel and transportation and they're rebooking... Read more

VIETSUB|Hoàng hậu Ki đình đám màn ảnh Ha Jiwon dịu dàng bên bé iu Eunwoo|EP.478|230521 KBS WORLD TV thumbnail
VIETSUB|Hoàng hậu Ki đình đám màn ảnh Ha Jiwon dịu dàng bên bé iu Eunwoo|EP.478|230521 KBS WORLD TV

Category: Entertainment

(who is the "important person") (waiting for eunwoo here?) there's someone awaiting eunwoo with bated breath. she even looks mysterious from behind. (when is eunwoo coming?) wait. this profile looks familiar. (who is this woman waiting for eunwoo?) let's go. guess where we are. where is the beautiful... Read more

Et si le vin aidait la Moldavie à intégrer l'UE ? thumbnail
Et si le vin aidait la Moldavie à intégrer l'UE ?

Category: News & Politics

Qu'est-ce que tu aimerais que les gens sachent sur la moldavie ? j'aimerais que les gens sachent sur la moldavie que ce pays n'est pas seulement le pays le plus pauvre de l'europe, comme j'ai l'habitude souvent d'entendre autour de moi je m'appelle julia, j'ai 31 ans, je suis une moldave qui habite... Read more

Zak Madell: The Wheelchair Rugby Player Hoping To Help Grow The Sport ♿🏉🍁 thumbnail
Zak Madell: The Wheelchair Rugby Player Hoping To Help Grow The Sport ♿🏉🍁

Category: Sports

We take a lot of pride in wheelchair rugby in canada. because the sport originated on home soil in winnipeg in the 70s. yeah, every time we play it, we kind of keep that in the back of our mind. we've got a legacy that we're trying to create for canada. i've been playing for 13 years now, and i think... Read more

No One Was Gonna Stop Her! Tully Kearney Takes Another WR! 🔥 | Women's 100m Freestyle S5 - Final thumbnail
No One Was Gonna Stop Her! Tully Kearney Takes Another WR! 🔥 | Women's 100m Freestyle S5 - Final

Category: Sports

My favorite the world record holder the championship record holder is tully kearney from great britain holly kearney gold medal winner in the 50 style gold medal winner in a 200 freestyle is she gonna add the 100 to the list of championship titles that she has got here and fun child maria silva better... Read more

From Alfie Hewett to Sarah Storey: Paralympic Legends in the Making thumbnail
From Alfie Hewett to Sarah Storey: Paralympic Legends in the Making

Category: News & Politics

From alfie hewett to sarah storey: paralympic legends in the making Read more

ANGRIFF AUF WAGENKNECHT BSW! EKLAT BEI WAGENKNECHT-REDE! thumbnail
ANGRIFF AUF WAGENKNECHT BSW! EKLAT BEI WAGENKNECHT-REDE!

Category: People & Blogs

Wagenknecht in erfurt mit farbe bespritzt. bsw-gründerin sahra wagenknecht hat nach einem   zwischenfall bei einer wahlkampfveranstaltung  in erfurt ihren auftritt unterbrochen und   kurzzeitig die bühne verlassen. auf die 55-jährige wurde mit einer   roten flüssigkeit gespritzt und sie wurde  leicht... Read more

🥇 Ihar Boki Wins Gold | Men's 400m Freestyle S13 Final | Swimming | Tokyo 2020 Paralympics thumbnail
🥇 Ihar Boki Wins Gold | Men's 400m Freestyle S13 Final | Swimming | Tokyo 2020 Paralympics

Category: Sports

He can stay with him until the final 100. alex portal of france is 19, brash, he missed out on a medal in the 100 fly by a finger nail or two. and now he has a chance. getting off to a very good start is jason. he's 23. boki, phenomenal under water and immediately gets into his stroke. he's not going... Read more

Women's Singles Class 7 Gold Medal Match | Table Tennis | Tokyo 2020 Paralympics thumbnail
Women's Singles Class 7 Gold Medal Match | Table Tennis | Tokyo 2020 Paralympics

Category: Sports

[applause] that brings her even closer three gold medal points for the third gold at the paralympics i'm sure she saw that ball on the table already the net interfered yeah kelly fans on what a champion three consecutive paralympic table tennis titles huge congratulations for that turn around in this... Read more