Moldova expects to overcome economic downturn in early 2010
The government forecasts that the economic recession will be overcome in the first quarter of 2010 and the economic growth will gradually go up from 1.5 per cent in 2010 to 5 per cent in 2012. The weight of the budgetary deficit in GDP will gradually decrease from 9 per cent in 2009 to 3 per cent in 2012, according to a report on the government's performance in the first 100 days of activity which was unveiled by Prime Minister Vlad Filat on 4 December.
Filat said that the cabinet managed to promote the state budget law for 2010 and the budgetary and fiscal policy in the parliament. The two give the instruments necessary to work in 2010 and restore the economic growth. Filat also said that in the first 100 days, the cabinet managed to take measures to remove administrative constraints, create a business-friendly environment and to launch a reform of the juridical and institutional framework regulating entrepreneurship.
Also, the cabinet worked out amendments to the law on licensing entrepreneurship, which decrease the number of activities needing a licence and simplify the licensing procedure. In order to protect consumers and local producers of meat and meat products, the government approved new import rules so as to liberalize and demonopolize this market segment, Filat said.
As concerns the farming sector, the government decided to earmark 300 million lei (about 26 million dollars) in state subsidies for three priority lines: to develop value-added vegetal and animal products, to foster investments in the creation of processing enterprises and post-harvesting infrastructure. The government targets the extension of business capacity in the rural area and will back the opening of small and medium-sized enterprises to process primary agricultural production, Filat said.
Ensuring sustainable economic growth and well-paid jobs, changing Moldova's economic development model in order to attract investments and securing external competitiveness of Moldovan goods are the government's short-term priorities, Filat added.
Moldpres (Moldova's State news agency)
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