Upswing in the Republic of Moldova

Romania was the Republic of Moldova's most important export market for the first time this year. The economic situation there has markedly improved but the border traffic between the two countries has been slow to pick up, the weekly Revista 22 notes: "Contrary to expectations Romania's EU accession has not led to catastrophic isolation for Chişinău [the capital of Moldova]. And the recent signing of a treaty for small border traffic will reinforce the positive trend for companies, which give the people living in Moldova's peripheral areas along the Romanian border new hope. ... Company bosses point out that the economic environment in the Republic of Moldova is not as bad as people say it is. The pressure exerted by the networks surrounding Oleg Voronin [one of the country's richest businessmen], who wanted to control all important movements in the business sector, has disappeared. Even the bureaucracy is not as bad as supposed. … So people wanting to do business in the Republic of Moldova can turn a profit - provided they find a functioning border crossing."

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