CHISINAU (Reuters) -Moldova’s gross domestic product grew by 1.1% year-on-year in the second quarter of 2025, the national statistics bureau said on Tuesday, citing preliminary data.
GDP growth in the quarter was driven by expansion in the construction sector and also in the energy and the information technology and communication industries, it said in a statement.
In the first quarter, Moldova’s economy contracted by 1.2% year-on-year, official data showed.
The European Bank for Reconstruction and Development said this month it expected Moldova’s GDP to grow by 1.5% in 2025 and by 3.8% next year on the back of ongoing European Union support programs.
Earlier in September, Moldova’s central bank cut its key interest rate by 0.25 percentage points to 6% to support growth.
Moldova’s economy, one of the poorest in Europe, is driven by agriculture, remittances, and its IT industry.
(Reporting by Alexander Tanas; Writing by Olena Harmash; Editing by Jan Harvey)
