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The European integration aspirations of the country cannot be seen outside the current development context. Th e report examines the main obstacles and opportunities, placing them in a wider context of the political, economic and social transformations the country is going through. Like any social process, European integration cannot have a linear trajectory and is not a one-way street. Th e process must be seen as a multidimensional one. It does not bring benefits and advantages alone. In addition to the efforts of politicians or technocrats, it requires eff orts from the entire society - shifts in mindsets and attitudes by every Moldovan, and obviously an unparalleled communication within and cohesion of the society. I believe this should be the recipe for success. As such, the report does not only provide solutions and relevant policy recommendations for decision makers, but also is meant to offer a venue for discussions., I am certain it will generate fascinating and constructive debates at both national and local levels on the complexity of European integration and inclusive and sustainable human development. (Nicola Harrington-Buhay)

Economic policy. --- Moldova.

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The purpose of this study is to analyze the investment phenomenon in the regions of the Republic of Moldova (let's specify that by the term "region" in this document we generally mean the districts, the municipalities, the autonomous territorial unit Gagauzia, as well as the development regions North, Center and South). In the first chapter of this study, an analysis of the evolution and current economic status of the regions of the Republic of Moldova is carried out. We also analyze the evolution of investments in these regions and, based on statistical data, we try to identify the key factors that attract or repel investments at the regional level. // The second chapter includes the rating of the investment performance of the regions of Moldova, a rating that the authors intend to update once every two years. The investment performance rating of the regions is based on the estimation of the current investment performance indicators, the investment dynamics in the period 2003-2008, the stability of investment flows in the same period, as well as the healthy diversification of investments in different sectors of the local economy. // Chapter three is focused on the analysis of the policy framework that influences the attraction and intensification of investments at the regional level. It begins with a brief exposition of those major developments in regional politics and decentralization that are relevant from the perspective of attracting investments. // Chapter three is focused on the analysis of the policy framework that influences the attraction and intensification of investments at the regional level. It begins with a brief exposition of those major developments in regional politics and decentralization that are relevant from the perspective of attracting investments.

Public investments.