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General data of Moldova

Official name:Republic of Moldova (Republica Moldova)
Area:33 846 km2
Capital (and largest city):Chisinau
Population:3,6 Mio.
Urbanization:47%
Literacy rate, adult total:99,1% (% of people ages 15 and above)
Currency:Moldovan lei - 1 EUR = 15,45 MDL (as of April, 2012)
Boundaries:Romania, Ukraine
Main towns:
(inhabitants)
Inhabitants in major towns of Bulgaria
Membership:United Nations, Council of Europe, WTO, OSCE, GUAM, CIS, BSEC. Moldova currently aspires to join the European Union
Natural resources:lignite, phosphorites, gypsum, arable land, limestone


Economic Profile of Moldova

GDP:9,1 billion EUR (2011)
Average salary:217 EUR per month (2011)
Taxes:corporate tax 0% until 2013
GDP composition:GDP composition
Top export products:Top export products
Top export partners:Top export partners
Doing Business 2011:Rank: 88, Change in Rank: +8


Moldova’s macroeconomic development

Find out more information about Moldova’s macroeconomic development. Please download the PDF file Moldova’s macroeconomic development (PDF document 0.29 MB) and find more reasons why to invest in Moldova


Why to invest in Moldova

Moldova


Republica Moldova



Did you know… ?


…that Moldova is the home for one of the largest caves in the world. The cave is situated in Criva has one of the longest underground paths.


4 good reasons to

invest in Moldova


Support of foreign investment: Moldova has bilateral investment treaties with 36 countries. It provides a full support system for all types of investment, regardless the area of business activity and region of investment. Foreign investors have equal rights as local investors under the legislation, and there is no discrimination on the basis of citizenship, residency, state of origin of the investor or investment. There are no restrictions on the amount of capital that can be invested except for the minimum statutory capital which applies to both local and foreign investors regardless of their origin. Moldova is currently attracting new investors for energy projects and it has liberalized the land market for foreign investors.

Well educated, cheap workforce: Moldova has an adult literacy rate of 99.1%. Skilled labor is readily available, including numerous workers with specialized and technical skills. Until 2010 the level of labor migration was very high and led to some shortages of workers in the agricultural and construction sectors. But due to the strong impact of the economic crisis on Western European countries, the Moldovan work force started to return home. Moldovan work force usually speaks more than one foreign language (Russian, English, German or French), while the average salary in Moldova is 217 EUR – the lowest in Europe.

Border country with EU: The Republic of Moldova is situated at the crossroads of Western and Eastern Europe. At present the country maintains trade relations with members of European Union, as well as with Russia and Ukraine. Moldova is committed to integrate into European Union and to its strengthen economic relations with neighboring Balkan countries. The country became a member of the World Trade Organisation in 2001. It is also a member of United Nations, Council of Europe,OSCE, GUAM, CIS, BSEC. Starting 2008 the EU unilaterally granted Moldova autonomous trade preferences, which expanded the duty-free access of Moldovan goods to EU markets.

Free economic zones: Free Economic Zones (FEZ) were created by the Government of the Republic of Moldova to attract local and foreign investment and stimulate exports from the Republic of Moldova. These locations are customer friendly and its residents benefit from a wide range tax and custom privileges. At the moment there are seven FZEs in Moldova including Giurgiulesti International Free Port and the Marculesti Free International Airport.
The range of industrial goods produced in the FEZs has diversified significantly during the last few years. There are also 10 industrial parks in Moldova, which cover a total area of 175 ha.