On August 30, the first part of the 21st information event on government consultancy at the Federal Ministry for Economic Affairs and Climate Action (BMWK) with the German Economic Team took place. The focus was on Ukraine, Moldova, Georgia and Armenia. The event was moderated by Mrs. Yildiz Götze, Head of Unit at the Federal Ministry. Dr Andreas Nicolin, Head of Subdivision for the promotion of foreign trade, held the opening remarks.
Due to the country’s geography and an association agreement with the EU, Moldova’s economy is increasingly less agriculturally dominated and significantly more integrated into European manufacturing value chains.
Moldova has experienced solid growth in recent years, dampened only by the Corona pandemic, a severe drought in the agricultural sector and the war in neighbouring Ukraine. The manufacturing and service sectors have gained in importance in recent years, replacing the agricultural sector as the most important economic sector.
The German Economic Team is mainly active in Moldova in the areas of foreign trade, agriculture and investment promotion.