Presentation of economic outlook for five Eastern Partnership countries at EBA Moldova event

On March 16th 2021, the German Economic Team presented the economic outlook for five of the six Eastern Partnership countries – Moldova, Ukraine, Belarus, Georgia and Armenia – at the invitation of the European Business Association in Moldova. A total of 18 high-ranking representatives of Moldovan companies and business associations, the European Union and international organisations took part in the event as speakers. In addition, the event was broadcast via livestream for the interested public.

The event was moderated by Mariana Rufa, Director of EBA Moldova. László Diósi, President of EBA, introduced into the event with welcoming words. Gintautas Baranauskas, Deputy Head of Operations at the EU Delegation in Moldova, highlighted the close cooperation between the European Union and Moldovan partners. Ionut Simion, Country Manager for Romania and Moldova at PricewaterhouseCoopers, kicked off the event with a presentation of the global CEO Survey. Collette Wheeler from the World Bank then presented the growth outlook for the countries in the ECA region (Eastern Europe and Central Asia), which varies from country to country. This picture was finally confirmed by Dr. Ricardo Giucci, who highlighted the economic development in five Eastern Partnership countries in his presentation. For countries like Belarus, Georgia and Armenia, the path to recovery remains difficult. The outlook for Moldova, however, is good despite a severe recession caused by a drought and the Corona pandemic, provided that progress on reforms can be maintained and external financial assistance can be secured.

In the second part of the event, representatives of companies from various sectors presented their perspectives on Moldova’s economic outlook as well as concrete challenges for the private sector. Among them were representatives from the construction, energy, banking, e-commerce, IT services and trade sectors.

Link to the event’s record