Moldova's Industry in Freefall: A Decade of Decline

Moldova's Industrial Decline: A Three-Year Collapse. Moldova's industrial sector is facing a significant crisis. According to economist Vyacheslav Ionita, industrial production has fallen by over 10% in the last three years, a sharp reversal from the 12.1% growth seen in 2021. This decline is impacting key sectors such as food processing and textiles. "The situation has worsened to the point that in just three years, the decline exceeded 10 percent," Ionita stated, referencing data from the National Bureau of Statistics. The drop is not solely attributed to external crises, but also to deep-seated structural issues and a lack of consistent government support for the industrial sector. This situation underscores the need for sustainable industrial development strategies in Moldova to ensure economic stability and national resilience.