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Business and Economy Review, No. 7-8

Politici de creștere economicăMonday, 5 September 20057602 views

Automatically translated summary. The full text is available in Romanian.

Issue 7-8 of the Business and Economy Review examines the performance of Moldova's real sector in July-August 2005. It covers industry, agriculture, electricity consumption and construction, and points to accelerated industrial growth compared with the first half of the year.

Industrial growth accelerated compared with the first half of 2005, driven by the expansion of wine production. In agriculture, a very large cereal harvest, wheat in particular, could mean a bigger contribution by the sector to GDP growth in Q2-Q3 2005, but also lower prices paid to producers.

Rising electricity consumption also points to more intensive economic growth, although part of it may have been used in unregistered economic activities. The construction sector continued to grow at a fast pace, a trend most visible in urban areas.