Moldova officially the Republic of Moldova is a landlocked country in Eastern Europe, bordered by Romania to the west and Ukraine to the north, east. The capital city is Chișinău. Moldova has a population of 4 million and the currency is Leu (MDL, 1 USD = 16 MDL approx)
On 27 August 1991, as part of the dissolution of the Soviet Union, the Moldavian SSR declared independence and took the name Moldova. The current Constitution of Moldova was adopted in 1994.
Moldova is a member of the United Nations, the Organization for Security and Cooperation in Europe, the North Atlantic Cooperation Council, the International Monetary Fund, the World Bank, the World Trade Organization, the GUAM Organization for Democracy and Economic Development, and the North Atlantic Treaty Organization’s Partnership for Peace program among others.
Why Invest in Moldova?
- Stable parliamentary democracy
- Sound legal framework that is highly
- Supportive of private enterprise development
- Government is committed to boosting foreign investment and privatisation
- Lowest cost labour force in Europe
- Lowest corporate tax rate in the region
- Well educated, multi-lingual labour force
- Companies from 86 countries have invested in Moldova
- Border country of the European Union with special trade preferences covering 7,200 products
- Crossroads of commercial routes that join Western Europe and the Commonwealth of Independent States (CIS) of the former Soviet Union with which it has Free Trade Agreements
- Member of the IMF, EBRD, IFC, MIGA, IDA and the WTO
FDI in Moldova increased by 73.98 USD million in the third quarter of 2016, averaging 47.78 USD million from 1995 until 2016, reaching an all time high of 244.77 USD million in the third quarter of 2008 and a record low of -8.98 USD million in the fourth quarter of 2015. Moldova’s foreign trade regime was liberalised in 1994. The main destinations for Moldovan exports are Russia, Romania, Ukraine, Italy, Belarus, Germany and Poland with growing trade to the United Kingdom and France.
There are six Free Economic Zones (FEZs) in Moldova
Moldova signed an Association Agreement, including the Deep and Comprehensive Free Trade Area (DCFTA), on June 27, 2014 and ratified the Agreement on July 2, 2014.
The EU lifted the visa requirement for Moldovan citizens (holders of biometric passports) on April 28, 2014 (for travel up to three months). Moldova actively pursues EU membership
U.S. government assistance aims to help Moldova strengthen its democratic institutions, increase prosperity, secure its internationally recognized borders, and integrate with Europe and the Euro-Atlantic community. Since 1992, the United States has provided over $1.4 billion in assistance to Moldova. Moldova’s $262 million, 5-year Millennium Challenge Corporation compact for economic development and investment projects in irrigation infrastructure, high-value agricultural production, and road rehabilitation ended in 2015.
Moldova benefits from liberalized trade and investment and wants to promote the export of its goods and services.