Business and Economy Review, No. 4
Automatically translated summary. The full text is available in Romanian.
The fourth issue of the Business and Economy Review assesses macroeconomic policy in Moldova in March-April 2005. It concludes that policies were adequate for maintaining short-term macroeconomic stability, while the long-term effects of certain government actions remain unclear.
The issue points to significant tax exemptions granted by the government, which will deprive the budget of several tens of millions of dollars. Their long-term impact is described as unclear.
Meanwhile, current budget revenues continued to grow strongly. In monetary policy, the National Bank of Moldova prevented speculative currency attacks that would have caused the national currency to appreciate. Overall, the macroeconomic policies pursued during the period were judged adequate for short-term stability.
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