Eugen Osmochescu, nominee for Minister of Economy: "We expect 1–2% economic growth in the first 100 days"
The initiatives suggested by the new leadership of the Ministry of Economic Development and Digitalization (MDED) could result in economic growth of 1 to 2 percent "within the first 100 days" following their inauguration, according to Eugen Osmochescu, the candidate proposed for the position of Minister of Economic Development and Digitalization.
"We have proposals not only included in the Government Program but also very detailed action plans—meticulous activities structured by days, months, and years. Our estimates indicate that within the first 100 days, we will achieve economic growth of 1-2%. These estimates have also been confirmed by our international partners," emphasized Osmochescu on Friday, October 31, in Parliament, before the inauguration of the Munteanu Cabinet.
The candidate outlined several measures aimed at stimulating economic growth, including support for small and medium-sized entrepreneurs, attracting foreign investments, developing value chains, and shifting the economy's focus towards production rather than just consumption.
Regarding the current state of the national economy, the proposed minister noted that the Republic of Moldova is already experiencing growth of approximately 1.1%, but the Government's plans aim to accelerate this progress.
Eugen Osmochescu also expressed that his decision to join the government team stems from a genuine desire to contribute to the country’s development and to continue Moldova's European path.
"I accepted this responsibility because I want to contribute what I can. I have always aligned myself with the European vision for Moldova, and I embraced this role with love, responsibility, and honor," Osmochescu stated.
The same source said that his main priority would be to strengthen the internal capacities of the Ministry of Economy and Digitalization in the context of the European Union accession process.
"Our primary objective is not merely formal accession but real integration into the European economic space. All efforts will be focused in this direction," he asserted.
When asked about the possible difficulties in implementing reforms, the proposed candidate for the leadership of MDED acknowledged that challenges are inevitable, but stated that the Government must face them with confidence and continuity.
"Challenges will always exist. We should not be afraid of them. We must continue the initiatives we began four years ago—reducing government pressure on the business environment, facilitating access to financial resources, and attracting foreign investments that contribute to added value and sustainable development," Osmochescu concluded.
Who is Eugen Osmochescu, proposed for the position of Deputy Prime Minister, Minister of Economic Development and Digitalization
Eugen Osmochescu is an expert with over 25 years of experience in developing, implementing, and evaluating strategies, policies, and institutional reforms aimed at increasing economic competitiveness.
Throughout his career, he has worked with international organizations such as the World Bank, European Union institutions, the OECD, and CEFTA, contributing to significant projects in sustainable development, investment, digitalization, governance, and innovation.
He has served as a project manager at the International Finance Corporation (IFC) and has moderated international events, including the International SME Conference.
Eugen Osmochescu has played a key role in improving the Fiscal Code, particularly in areas related to income tax, local taxes, indirect taxes, and fiscal administration. He has also focused on special provisions for free economic zones and industrial parks.
Additionally, he has advised the Parliamentary Committee on Budget and Finance, analyzing draft laws in areas such as public administration, taxation, economic reforms, anti-dumping measures, competition, monopolies, trade, and privatization. Notably, he contributed to the establishment of the country’s first special economic zone.
