President Maia Sandu, who was elected in 2020 from a pro-European platform, expressed hope that Moldova would join the European Union before 2030.
In remarks made to Moldova-1’s public television station, Sandu stated that “my dreams are very ambitious”. “I believe that we should join the European Union before it ends this decade.”
The EU accepted Moldova in June as a candidate to join its ranks. The EU also granted the same status to Ukraine. This was a significant diplomatic victory for Sandu’s nation, which is one of Europe’s poorest and faces many economic problems.
To align local laws with EU law, it is a complicated and long process. However, the new Moldovan economic minister, Dumitru Alaiba , stated this month that he was working on long-term reforms. To lay the foundations of a business-friendly economy, he would reduce bureaucracy. This will enable him to speed up EU entry.
His priorities are deregulation of economic activity, reforming a tax structure that is cumbersome, discourages investors, allows corruption to thrive, and reduces revenue.
Moldova is trying to get rid of Russian gas as it deals with power scarcity partly caused by Moscow’s attack against Ukraine’s power infrastructure. Protests are being held about the rising inflation.
Energocom, a Moldovan state utility company, announced Wednesday that it has reached a deal to supply sufficient electricity for 80% (January 2023) of the anticipated shortfalls.
Romanian power producers were allowed to sell electricity in Moldova at 450 leva/megawatt hour. This was due to the special limit imposed by war in Ukraine.
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