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Moldova
Searching for car hire is never much fun. That is why
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We search companies including Advantage, Alamo, Enterprise,
Dollar, Sixt, Eurocar, Budget, Thrifty, National and
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you arrive in Moldova. Choose Car Rental options on
size and manufacturer and pay in your own currency.
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Part
of Romania during the interwar period, Moldova was incorporated
into the Soviet Union at the close of World War II. Although
independent from the USSR since 1991, Russian forces have
remained on Moldovan territory east of the Dniester River
supporting the Slavic majority population, mostly Ukrainians
and Russians, who have proclaimed a "Transnistria"
republic. One of the poorest nations in Europe, Moldova
became the first former Soviet state to elect a Communist
as its president in 2001.
Moldova remains one of the poorest countries in Europe
despite recent progress from its small economic base.
It enjoys a favorable climate and good farmland but has
no major mineral deposits. As a result, the economy depends
heavily on agriculture, featuring fruits, vegetables,
wine, and tobacco. Moldova must import almost all of its
energy supplies. Moldova's dependence on Russian energy
was underscored at the end of 2005, when a Russian-owned
electrical station in Moldova's separatist Transnistria
region cut off power to Moldova and Russia's Gazprom cut
off natural gas in disputes over pricing, and again in
January 2009, during a similar dispute. Russia's decision
to ban Moldovan wine and agricultural products, coupled
with its decision to double the price Moldova paid for
Russian natural gas, slowed GDP growth in 2006. However,
in 2007-08 growth returned to the 6% level Moldova had
achieved in 2000-05, boosted by Russia's partial removal
of the bans, solid fixed capital investment, and strong
domestic demand driven by remittances from abroad. Economic
reforms have been slow because of corruption and strong
political forces backing government controls. Nevertheless,
the government's primary goal of EU integration has resulted
in some market-oriented progress. The granting of EU trade
preferences and increased exports to Russia will encourage
higher growth rates, but the agreements are unlikely to
serve as a panacea, given the extent to which export success
depends on higher quality standards and other factors.
The economy remains vulnerable to higher fuel prices,
poor agricultural weather, and the skepticism of foreign
investors. Also, the presence of an illegal separatist
regime in Moldova's Transnistria region continues to be
a drag on the Moldovan economy. The deteriorating global
economic crisis did not seriously effect the Moldovan
economy in 2008 due to its low exposure to the international
financial system, but a global economic slowdown, particularly
in the EU and Russia, could hurt the economy in 2009 as
Moldova relies heavily on remittances from Moldovans abroad.
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