This report of the economic situation in Suceava County is a summary of the main economic indicators evolution in 2012, compared to those recorded in 2011, according to data regarding all economic agents from Suceava County.
During the years 2000-2011, the economy of the Republic of Moldova had an ascending growth, cumulative growth of the Gross Domestic Product amounting to 75.5%. The absolute poverty rate decreased from 67.8% in 2000 to 21.9% in 2010. The economic growth model, however, remained, mostly based on consumption, with limited impact on job creation in the country....
In the north of the Republic of Moldova is situated the third administrative, industrial and cultural center of the republic – Balti municipality, the third after the capital of the country, Chisinau, and the Tiraspol municipality. Until recently it was the county seat of the same name.
The city of Chernivtsi is the centre of Chenivetska oblast, the smallest oblast in Ukraine. The oblast consists of two historic regions - North Bukovyna and Besarabia. Chernivtsi was first mentioned on Octobers, 1408 in the decree of Moldavian Master Alexandru cel Bun (The Good) when a customs point was founded here.