Moldova shifts economic model: From consumption to production and innovation
The Republic of Moldova requires a crucial shift from a consumption-based economy to one resolutely focused towards production, innovation, and investment.
This new development model, emphasized Deputy Prime Minister Eugen Osmochescu, Minister of Economic Development and Digitalization, will ensure sustainable economic growth across the country.
Speaking on the "Zi de Zi" show on Radio Moldova, the Deputy Prime Minister explained that the Government's new economic strategy unfolds in three clear stages: short-term, medium-term, and long-term actions.
"In the short term, the absolute priority is accelerating the European Union integration agenda. By the end of 2025, all necessary actions established in this regard are already underway," Osmochescu confirmed.
The Minister stressed that "the most important element is the transition to a new economic model—moving from mere consumption to high-level productivity and innovation." In his view, targeted innovations must provide vital private sector support to stimulate competitiveness and create robust new jobs.
"We propose streamlining 'rules of the game' for the business environment and establishing a clear, predictable legislative investment framework," he stated. This aims to ensure both local and foreign investors feel secure in Moldova.
The government also seeks to adjust priority investment laws and spur consumption of domestic products.
To achieve this, the Ministry of Economic Development and Digitalization is planning a series of comprehensive campaigns for domestic products promotion.
Osmochescu gave a concrete example: "Each citizen spends roughly 135 lei weekly. If this money were consistently directed towards Moldovan products, we could instantly boost our internal economy."
"That's why we are preparing campaigns that will help consumers easily identify products Made in Moldova, including through clear origin indicators and national symbols," the Minister added.
In the medium and long term, authorities are focused on modernizing legislation concerning industrial parks, state aid, and competition.
"We will create a new generation of laws that specifically stimulate the development of key industries and small and medium-sized enterprises (SMEs). We must overcome 'niche thinking' and work coordinatedly, with a common national goal," Osmochescu affirmed.
When asked about the sectors with the highest growth potential, the Minister pointed to the agri-food industry and industrial production.
"Competitiveness studies will be swiftly conducted to identify areas where Moldova can advance quickly. We are actively working with external partners to attract major international companies and integrate local producers into global value chains," Osmochescu announced.
While acknowledging the difficult geopolitical context, Osmochescu maintains that Moldova must secure economic stability.
"We have a war on our border, but we are striving to do everything possible to ensure stability and economic protection. In digitalization and cybersecurity, we have already become a regional pioneer, building solid defense mechanisms against hybrid warfare," the Minister noted.
Osmochescu concluded by underlining the absolute necessity of innovation and sustained state support for enterprise development.
"Existing programs are working well, but we want to bring them up to European standards. The focus will be on modern equipment, export orientation, competitiveness, and the creation of new products. We cannot stand still; we must constantly innovate," stated Deputy Prime Minister Eugen Osmochescu.
Translation by Iurie Tataru
