Mihai Moscovici

The last report of the National Bureau of Statistics of the Republic of Moldova states that there is a significant improvement in the Moldovan economy. This is due to the fact that the average salary in 2006 increased 14% comparing to the previous year. Now the average salary in Moldova is approximately $129 per month.
Well done! But I believe the picture is not full without mentioning some facts that make me doubtful about how well an average Moldovan will feel the improvement.
In the late March 2006, Russia, the main importer, banned Moldovan wines on its market, causing a loose of $30 millions for Moldovan economy. Moldova exported wines in 2006, 50% less than in 2005. This means that hundreds (thousands) of people entertained in wine industry lost their jobs, did not receive any salary and were not counted for the statistical report.
Starting with February 2007 people living in Chisinau, the capital city of Moldova, will pay 250% more for the heat provided by the state heating company Termocom.
Indeed; there are many more facts that make an average Moldovan not able to enjoy the improvement of the national economy.
Still, the officials promote the idea that Moldova is getting better year by year, but the reality seems to be the opposite. This is an old propaganda that the governmental party in Moldova uses to make people belive that “it has done the impossible”.

P.S. I’m not an economist and may be wrong in some instances. Please, express your opinion on this post and help us understand whether Moldova is getting better or not.

Photo: Stefan Landsberger’s Chinese Propaganda Poster Page