After the collapse of the USSR and the declaration of its independence on 27 August 1991, the Republic of Moldova passed through a complex stage of transition to the market economy and experienced a significant economic recession. 

The country continues to maintain macroeconomic stability. The national currency exchange rate remained rather stable while the currency reserves increased substantially.

The external factors created certain difficulties for the Government’s activity aimed at achieving its economic and social objectives. Economic difficulties faced by the Republic of Moldova in 2006 could have a negative impact on the population’s living standards. Therefore, the Government and the National Bank remain committed to undertake, upon need, further measures to attenuate and prevent potential shocks in the social and economic development of the country. 

Thursday the 9th. Honorary Consul of Moldova in Estonia.