Expert-Grup Presents Position Paper: Solutions for Remedying Moldova's Excessive Current Account Deficit

In the first quarter of 2025 the current account deficit reached a record 26% of GDP, over USD 1 billion, the highest since 23% in the first quarter of 2009. Large deficits can increase vulnerability to currency and debt crises and undermine growth.

Soloviova recommends investing in quality infrastructure to ease local producers' access to foreign markets, modernising roads and railways, import-substitution measures, differentiated subsidies for high-value and drought-resistant crops, and reviewing state policies that have harmed exports. She noted that services exports are a promising avenue but too small to offset the goods trade deficit, and are constrained by labour and infrastructure limits. Measures are needed to raise export competitiveness and high value added. The event was part of the Civil Society for European Integration project, funded by the European Union and co-funded by the Friedrich Ebert Foundation Moldova.