Moldova: Dreaming of a better life

Politics

Political crossroads: which way will it move?

The European Union is a dream for many Moldavians. Three quarters of the population has a positive attitude towards a possible EU membership. But currently the country is still far from that.

At this moment Moldova is at a political crossroads. But will it move into the direction of the EU?

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“Moldova is too dependent on remittances”

In the past years Moldova has become too dependent on the money people from abroad send to the country, experts say. “It’s like living on drugs and it’s called remittances,” says economist Ionita Veaceslav, who works for a social economic think thank IDIS Viitorul in Chisinau. He expects Moldova to be in troubled water within a few months.

Estimates maintain at least a quarter of the work force is not inside the country’s borders. Many of them work in Russia and Western Europe, sending money to relatives back home. In 2007 remittances were good for a stunning 36 per cent of Moldova’s GDP. This makes the country together with Tajikistan the leader in the world when talking about dependency on money from people working abroad.

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