Economy

13 May, 2026 / 15:10

/ 1 hour ago

Moldovan economic development minister says inflation driven by external developments, especially conflict in Middle East

Inflation in Moldova is driven by the external situation, particularly developments in the Middle East. Deputy Prime Minister, Economic Development and Digitization Minister Eugeniu Osmochescu has made statements to this effect.

“Inflation depends on the conflict in the Gulf. The National Bank’s decision to raise the interest rate on its main monetary policy operations to 6.5 percent is precisely aimed at stopping the so‑called imported inflation, which is actually caused by rising prices outside Moldova,” Eugeniu Osmochescu said.

The deputy PM pointed out that, within a few weeks, the authorities would present exact data on the evolution of the economy. He emphasized that there were clear signs confirming the possibility of economic growth this year.

“We are still adjusting the figures. In a few weeks, we will already have a clear picture for the first half of the year, including of economic growth, because, on the other hand, if you have seen the statistics data provided by the National Statistics Bureau (BNS), confirmed by the National Bank of Moldova, economic growth is obvious. Of course, we have to adjust it to all the problems that directly influence the growth of Moldova, especially industrial and agricultural growth, including exports. I believe that, in about two weeks, we will come, during a more extensive news conference, with all statistics data, where you will have a clear picture, including for the future. We are also talking about a slowdown in growth against the background of the ongoing conflict in the Gulf,” the economic development minister underlined after a today’s cabinet meeting.

According to statistics data, the economy of Moldova grew by 3.6 percent in the fourth quarter of 2025. For the whole of 2025, the Gross Domestic Product increased by 2.4 percent.

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