A Beautiful Nation

A Beautiful Nation

Although often cited as the poorest country in Europe, Moldova is a small but beautiful country with a fascinating history, culture and people. Many, including the Moldovans themselves, pay tribute to its hilly, un-spoilt valleys, wine culture and historical buildings and churches. For all it's beauty, the harsh reality for many Moldovans is somewhat different.

Poverty

Many families and communities are affected by mass emigration and high unemployment, and poverty is widespread. Moldova while being ranked the poorest country in Europe also ranks a position of 111th out of 177 in the developing countries index. 

Moldova, like many other countries, suffered an economic collapse after the break-up of the Soviet Union. Reports published outline that by 2005, more than 30% of the population was still below the absolute poverty line. Poverty is concentrated mainly outside the bright city lights of the capital, in the rural areas where many families depend on subsistence farming.  

Even though Moldova has experienced moderate economic growth over the last three years, for the majority of the population, the economic situation has further deteriorated and poverty has increased. The average cost of minimal living is $110 per month while the average income is only $80 per month. 

It is estimated that up to 30% of the population have left Moldova to seek work abroad. Money transfers from expatriates, estimated at more than €1.2b each year, are an important source of support for the domestic economy. Unfortunately the effects of the global recession are beginning to be felt in Moldova too. Many of the population supporting the economy from abroad have lost their jobs and are being forced to return home. There are no jobs to come home to and without the financial support of the ex-pat community the economy is now fragile.  This aligned with political instability in the region, forecasts further economic deterioration.