Moldovan wine industry under pressure of external threats

Abstract

The Moldovan wine industry has been hunted in 2006 by an external shock that wasfatalfor the sector. The wine production and exports have registered a dramatic fall. Despite declarations of national authorities that the risks were abolished and the situation has normalized, unfortunately the statistical data shows that exports have not succeeded in past 5 years to reach the level recorded before the shock. That speaks about the fact that foreign market share lost in 2006 was not recovered. And the situation is even more dramatic, because it had serious consequences over economic and financial activity of enterprises in the sector. In this context, considering the strategic role of the wine sector for the Moldovan economy, both the winemakers, and national authorities should undertake urgent measures.