Moldova has tapped financier Vasile Tofan as its new Prime Minister, tasked with reviving the economy and accelerating EU accession—aiming for a deal by 2028 and full membership by 2030. Just eight months after his predecessor’s resignation, Tofan’s government is pushing to open all EU negotiation chapters this year, tackle a 20 billion lei deficit, and slash bureaucracy to boost business. With Ukraine’s war casting a shadow, Moldova’s 2.4% GDP growth last year and projected 2% this year offer cautious hope. Tofan’s plan includes tax reform, AI investment, privatizing 10 state firms, and shrinking the shadow economy—all while navigating the country’s historic divide between pro-EU and pro-Russian factions.
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