Moldova is a partner country within the European Neighbourhood Policy (ENP). This country page contains, or links to, DG ECFIN’s recent analytical work on the economy of Moldova.
Economic and social reforms in Moldova (taken from European Neighbourhood Policy (ENP) Progress Report , March 2014)
The most recent Subcommittee on Economic, Financial and Statistical Issues between EU and Moldovan authorities was held in June 2014, in Chisinau.
The European Commission presented its assessment of the EU economy based on the spring 2014 economic forecast, while the Moldovan authorities presented recent macroeconomic developments in their country, notably in the banking sector. The two sides also discussed issues related to public finance management, taxation, business environment and statistics.
The next Subcommittee on Economic, Financial and Statistical Issues will take place in June 2015 (to be confirmed).
The Moldovan economy was severely affected by the international financial crisis in 2008-2009, which resulted in declining output, a deteriorating fiscal position and rising external financing needs. The EU therefore decided to provide Macro-Financial Assistance (MFA), a form of financial aid for partner countries experiencing a balance of payments crisis.
On 20 October 2010, EU lawmakers approved a decision to provide up to EUR 90 million of grants to Moldova tied to specific economic and financial reforms, as well as general conditions concerning the respect of human rights and democratic principles.
The funds were disbursed in three tranches in 2010, 2011 and 2012.
Policy conditions associated with the disbursement of funds were listed in a Memorandum of Understanding.
An ex-post evaluation was conducted in 2013 to assess the impact of this MFA operation.
Executive Summary of the Ex-post Evaluation (October 2013)
The links below provide additional information on EU-Moldova relations: