Golovatiuc: Alaiba Doesn’t Understand what Investment Is

“Dumitru Alaiba is wrong to claim that investments by Moldovan companies in the first 9 months of this year increased by 12%, compared to the same period in 2023,” the expert said. According to Vladimir Golovatiuc, Doctor of Economic, official data proves that in the first 9 months of 2024 total investments grew by only 2.6%, noi.md reports. “This growth cannot even be called recovery!!! Total investment is below the covid 2021 level by 9%, including tangible assets by 10%, industrial buildings by 9.5%, and engineering structures almost double at 45%. Alaiba is right about one thing, stating ‘we still have a lot of work to do’. Although, I think, he has no idea how much and, most importantly, what is to be done!”, - emphasized Golovatiuc. He said that what Dumitru Alaiba says about the 12% increase in the investments of Moldovan companies is not misinformation. “He is simply wrong, that is, he does not understand what investments are,” said Vladimir Golovatiuc. He stressed once again that all the investments are those of Moldovan companies, and they increased not by 12%, but by 2.6% in 9 months, including investments in tangible assets - by 2%, in industry buildings - by 1.3%, and in engineering constructions, on the contrary, they decreased by 24%. “What Alaiba states refers to the sources of investments, and in this case, it is investments at the expense of economic agents’ own funds, but they account for only 60% of all investments. The investments of Moldovan companies at the expense of state and local budgets have decreased by 21% and 22% respectively, at the expense of internal credits - by 8% and at the expense of external loans - by 29%. This is the full picture and, by the way, it is not a happy one,” Vladimir Golovatiuc stressed.