COMPARABLE ANALYSIS REGARDING KEY MACROECONOMIC INDICATORS ON MOLDOVA’S WAY TOWARDS EUROPEAN INTEGRATION

• Main Authors: Valentina GANCIUCOV, Alina CEBAN
• Format: Article
• Language: English
• Published: National Institute for Economic Research 2015-07-01
• Series: Economy and Sociology
• Subjects: integration; criteria; convergence; Maastricht; prices; rate; debt; deficit; GDP; wages; unemployment.
• Online Access: http://ince.md/uploads/files/1453407048_17ganciucov_p124-p137.pdf
• ISSN: 1857-4130; 1857-4130

As Moldova has the purpose to enter the European Union the actual situation in the country is analyzed in this article. The article gives the comparative analysis of the basic parameters of Moldova with the other European Union country-members to define the ways of development of the country in the given direction. Since 1994 relations between Moldova and the European Union have developed on an upward trajectory. The dialogue between the two sides officially started that year with the signing of the Partnership and Cooperation Agreement (PCA), which entered into force in 1998 and provided the basis for cooperation with the EU in political, commercial, economic, legal, cultural fields. EU-Moldova relations have advanced to a higher level in 2009 when the country participated in the Eastern Partnership – an instrument of European policy that favored the signing on 29 May 2013 of the Association Agreement, the document which came to replace previous PCA and that is currently the most important element of the legal framework of Moldova-EU dialogue. But beyond the respective treaties signed, individually, between EU and states that intend to join the European community, there are a number of fundamental requirements3 (criteria), which condition the process of European integration of the state with declared intentions of accession. The aim of the research is to analyze to what extent Moldovan economy meet the requirements of economic alignment with EU standards, achieving a comparative analysis of the main relevant macroeconomic indicators. Research methodology. For analysis were used analysis-synthesis method, comparison method and others. Results of the analysis. Part of the criteria analyzed converge with EU requirements, while the most relevant indicators regarding standards of living show reserves show reserves for future improvement, such as the average wage, the lending rate, the exchange rate of the Moldovan Leu against the major international currencies. There are a number of other indicators such as transparency in the banking system administration, territorial conflicts (Transnistria), etc. which are points of incompatibility with the policy of the European Union.