The Ukraine war and the sanctions imposed on Russia have a wide range of economic impacts. Particularly affected are countries that have close economic ties with Ukraine and Russia. Russia itself is experiencing a significant drop in GDP.
Moldova has experienced a solid growth in recent years, dampened only by the Corona pandemic and a severe drought in the agricultural sector. The service sector has recently gained in importance and replaced 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.