Transnistrian Conflict on July 12–25, 2004

Economic “miracles” in Transdnistria

According to “Olvia-press”, GDP of the Moldavian Republic of Transdnistria reached 76 million USD in the first quarter of the year, a 19,7% growth against similar period of 2003, as a result of booming privatization. According to the same source, citing data released during the joint session of the Committee for Foreign Policy, fiscal bodies and other departments, industrial output surged by 72,4%, while foreign trade by 57%, amounting 296 million USD. Investments in fixed assets surged by 44% in the first quarter and reached 59.3 million Transdnistrian Rubbles (7.54 million USD).

On the other hand, inflation rate reached 9.74% compared to 2.8% in 2003. Prices on food surged by 11.52%. For the sake of comparison, Republic of Moldova registered in the first quarter of this year a 6.1% economic growth, the highest in the last 15 years. GDP amounted to 5,6 billion Lei (465 million USD). Foreign trade surged to 573.9 million USD. As for the fixed assets, 26 million USD were invested. Cumulative inflation rate in the three months amounted to 3%.

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Transnistrian Conflict on July 12–25, 2004

Economic “miracles” in Transdnistria

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