A Beautiful Nation
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Moldova

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. Its lush green hills, dense forests, and the wonderful sunflower fields are a treat to the eye. The land is very fertile, and vineyards occupy a major part of the region. 

Milestii Mici Cellars

Wine is an especially powerful symbol in Moldova, it is associated with quality and purity. The cellars of Cricova and Milestii Mici with their extensive collection of old wines are considered to be a state treasure. 

The cultural heritage of Moldova is rich with traditions and customs. Its professional craftsmanship brought the country an international fame by making fine objects of embroidery, wood carvings, clay, knit carpets, metal decorations, baskets of osier.
For all its beauty and Moldovans’ optimistic attitude towards life, the harsh reality is still different.
 

Poverty

Poor economic performance since the country’s independence in 1991 has led to growing poverty and declining social welfare. Although economic growth has slightly increased recently the Republic of Moldova still remains Europe’s poorest country. Poverty is more concentrated in rural areas where over 70 per cent of poor people live. 
Moldova Poverty
Agriculture provides employment to 40 per cent of population, but it is only half as productive as it was before independence. The Moldovan economy has experienced a number of shocks. At first, the conflict with the separatist province of Transnistria meant that government from Chisinau lost control over the country’s eastern border, as well as its main energy and industrial plants. The second major problem was the 1998 Russian economic recession, which hit Moldovan economy hard. In 1998-99, the country’s industrial output fell by 25 per cent, agricultural output by 20 per cent and exports decreased by almost a half. It was the time for Moldova to turn to western market.
The Moldovan economy experienced moderate economic growth over the last few years, partly because of money Moldovans who are working abroad send back home to their families. But like any other country in the world, Moldova was also affected by global recession that started in 2007. Most people that were ‘helping’ the economy from abroad were forced to return home, because they had lost their jobs. The economy is likely to have a modest recovery in 2010, but remains vulnerable to political uncertainty, and the skepticism of foreign investors as well as the presence of an illegal separatist regime in Moldova's Transnistria region.
 
MoldovaCăpriana MonasteryMoldova
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