Moldova's GDP increases
Moldova's gross domestic product increased in the first quarter by 7.3%. Minister of Economy and Trade Igor Dodon said it on Wednesday at a Government sitting.
He remarked that services in construction, industry and trade took the major place in the GDP structure.
In Dodon's words, the growth of investments into the basic capital for the first quarter of 2007 exceeded the same index for the first quarter of 2006 by 43%. The structure of direct foreign investments changed, the growth of the reinvested profits of foreign investors is observed, portfolio investments and investments into the authorized capital of enterprises increased, as well.
The inflation level in May constituted 0.9%, the cumulative inflation level increased by 3.9% for five months.
The Moldovan Leu increased by 3.8% against Dollar in January-May 2007 and against Euro - by 1.7%.
The industrial output decreased by 5.4% for five months and it is caused by losses in the winemaking industry. However, the industrial tempo slippage was lower than in 2006 (about 17%) and it testifies to the fact that a number of companies were re-oriented for other markets and the situation is improving. // Infotag
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