Bulevardul Stefan Cel Mare Chisinau is a typical post Soviet city
Large-scale residential and administrative construction was typical of the Soviet period, which shaped the image of the capital of Moldova and continues to play a decisive role. Chisinau does not look like a modern European city, but rather like a provincial province. But there is excellent Internet in the city and there are enough free WiFi points. There are enough stray animals, but there are no shelters for them. Moldova's economy is showing signs of recovery after the recession in 2022. Economic growth of 2.0% is projected in 2023 due to the agricultural sector. In 2024, growth may increase to 3.9% due to an increase in private consumption. Despite a decrease in inflation to 4.2% by the end of 2023 and a reduction in the budget deficit, problems remain related to the strengthening of the currency and the lack of incentives for growth. Trade with Ukraine declined, while exports of services increased. Trade relations with the EU, which focuses on plums and pork, and the possible transition from the US dollar to the euro as the base currency may open up new economic opportunities. At the same time, GET experts note a number of alarming trends, such as, for example, a moderate economic recovery after a severe recession in 2022, Tighina Street GDP growth of 2% mainly due to agricultural production, and an estimate of GDP growth by 3.9% by the end of 2024 mainly due to increased consumption in the economy, but it is also noted that this forecast may be revised downward. In turn, the NBM, according to GET estimates, coped quite successfully with inflation, which reached 4.2% in December 2023 and thus fell within the target range. Also, to some extent, the positive aspects include a lower-than-expected budget deficit of 5.0% of GDP in 2023 due to incomplete budget execution and a further slight decrease in the budget deficit to 4.6% of GDP in 2024. There is also a general decrease in foreign trade in goods in 2023 due to a decrease in trade activity related to the UK (re-export of fuel and agricultural products from the UK); at the same time, a high and growing level of exports of services. Moldova's GDP and its main structural components
Thus, GET experts state the general stabilization of the macroeconomic situation in Moldova, but with the absence of significant drivers of economic growth in the near future. Piata centrala : Market Also, in terms of nominal GDP per capita in 2023, Moldova, with an indicator of 6,411 USD, is almost three times behind Romania with an indicator of 18,413 USD, and in the Eastern European region it surpasses only war-torn Ukraine with an indicator of 5,225 USD. In general, structurally, Moldovan GDP by the end of 2023 is characterized by positive dynamics in agriculture due to increased yields, as well as a steadily growing information technology sector, including due to the high level of exports of IT services (an increase of +11%). In turn, there is a pronounced negative trend in the manufacturing industry and construction, which is also the reason for weak investment activity in Moldova. In addition, retail trade also shows a serious drop, to -11%, which is even more than in construction (-8%) and manufacturing (-7%). Following the results of 11 months of 2023, the countries of the European Union have become key partners both in terms of Moldovan imports and Moldovan exports. All EU countries accounted for 62% and 47% of imports, respectively, which is many times more than any other country or region. There is also an extremely significant difference between the volumes of imports and exports to China, and the volumes of both imports and exports to Russia continue to decline steadily. For the optimal viewing experience, be sure to watch on a large TV.
If you are present on this video and you don't want to be please contact me or comment on this video and i will remove you completely & immediately, Thank you! Don't forget to like, share, and subscribe for more virtual travel experiences! Primaria municipal Chisinau The Arc de Triomphe is also called the Holy gates of the capital. On the second level on the side of the square there is a clock that notifies the inhabitants of the city and makes a characteristic sound every hour. The Holy Gates were built in 1840.