Automotive Components and Industry Overview

Republic of Moldova

Craiova

Bursa

Sarajevo

Pitesti

Timisoara

Oradea

Mlada Boleslav

Kolin Lviv

Kiev

Balti

Chisinau

500km

1000km

1500km

2000km

ZaporojeEsztergom

Turin

Munchen

Valls

Pamplona

SindelfingenParis

Genk

Bratislava

GyorGraz

Novo Mesto

Pecs

Katowice

Minsk

Wolfsburg

Leipzig

BremenPoznan

Glewice

Kaluga

Nijnii Novgorod

Tolyatti

Sankt Petersburg

500k

m1000

km1500

km2000

km

500k

m

1000

km

1500

km

2000

km

500km

1000km

1500km

500km 1000km 1500km 2000km

500km

1000km

1500km

2000kmMD

Edi

tion

2015

/201

6

GUAMCEFTA

CISEU

ESP

FRA

GBR DEU

ITA

TUR

ROMHUNAUS

CZE

BGR

LTU

LVA

EST

GRC

POL

SWEFIN

NOR

BLR

RUS

KAZ

UZB

UKR

Key facts 2014

Official name: Republic of MoldovaArea: 33,846 km2

Population: 3.55 millionLanguage: The official language is Romanian; Russian is the second most spoken lan-

guage in Moldova. Many Moldovans also speak English, French, German, Ital-ian, Spanish, Gagauz (similar to Turkish), and other languages. The largest minority groups are Ukrainians, Russians, Gagauz and Bulgarians.

Capital: The capital city is Chisinau with approximately 804 thousand inhabitants. It is also the commercial and cultural center of Moldova.

National curency: The national currency is the Moldovan Leu (MDL), which is freely convertible in any international currency. The official exchange rate at the National Bank of Moldova is 20.5 MDL for one EUR (as for August 2015).

Doing Business 2015 Rank 63 change 19GDP in current prices: 6.620 billion EURGDP per capita (PPP): 4,149 EURInflation rate: 5.1%Corporate tax: 12%, 6%, 0% in Free Economic Zones, 3% in Free PortEmployment rate: 39.6%Labor costs (gross): averaging 220 EUR/ monthFull load labor cost: ca. 1.85 EUR/ hour

Free Trade Agreements signed - 43.• DCFTA (Deep and Comprehensive Free Trade Area) - 500 million;• CIS Commonwealth of Independent States (Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan) - 250 million;• Free Trade Agreement with Turkey - 80 million; • CEFTA Central European Free Trade Agreement (Moldova, Macedonia, Albania, Serbia, Montenegro, Bosnia and Herzegovina and UNMIK (Kosovo) - 30 million; • GUAM Organization for Democracy and Economic

Development (Georgia, Ukraine, Azerbaijan, and Moldova) - 60 million.

880 millionCustomersduty-freemarket

ContentsIndustry overview .....................................................................................................................2

Automotive components industry ............................................................................................4

Top reasons to invest in the Automotive Sector of Moldova ...................................................5

Human resources are one of the most important assets of Moldova .............................5

Labor cost vs. production cost ........................................................................................6

Utility costs are lower than in the region .........................................................................6

Favorable location ...........................................................................................................7

Giurgiulesti International Free Port (GIFP) .......................................................................7

Competitive products ...............................................................................................................8

Automotive supply chain structure .................................................................................8

Free Economic Zones (FEZ) ....................................................................................................9

Industrial Parks (IP) ..................................................................................................................9

Free Economic Zones map ....................................................................................................10

Success stories and industrial competences map ................................................................11

Invest in Moldova helps you ...................................................................................................12

2

duction stands at 13.0%. In 2014, the industrial production registered an increase of 7.3%, main-ly in the manufacturing industry.

The production of electrical equipment has in-creased by 54.3%, followed by the production of chemicals (+42.4%), textiles (+20.4%), wood processing and wood articles (+20.3%), metallur-gy (+14.3%), and others. A significant intake was brought by the automotive industry, which is one of the most dynamic industries in Moldova with a growth of 27% in 2014.

Industry OverviewMoldova’s modern automotive industry foun-dations build on its strong industrial past. The share of industry in Moldova’s GDP rep-resented 60% until the 1990s. Then, Moldo-va was one of the important producers of in-dustrial products among the CIS states – and now it revives.

Moldova was active in 97 branches of produc-tion. 558 industrial enterprises, 21 R&D institu-tions and 392 thousand workers were part of the industry. Moldova successfully exported 90% of its produce in the machine building industry which represented 20% of total industry output.

The foundations of local industry were companies that produced a large variety of products, from TV sets, refrigerators, washing machines to tractors, and exported them to over 60 different countries.

Nowadays, the industry production reaches 14.3% of GDP again (2014). The agricultural pro-

2009 2010 2011 2012 2013 2014

13

14

13.0

13.3

13.6

13.914.1

14.3

Source: IMF, World Economic Outlook Database, 2015.

Share of industry in GDP, %

3

Industry potential:

• Design and manufacturing of metalworking parts. Turning, milling, drilling, welding, cut-ting, bending, foundry processes sourcing.

• “ASPA” company designs and manufactures metalworking precision parts and assemblies for aviation sector. The company designs and manufactures special cutting tools (lathe turning tools, broaches, drills, cutters, ream-ers).

• “Steinel”, a German company, operates in Moldova and produces electronics. The plant manufactures sensors for controlling lighting, and hot air tools i.e. heat guns, blowers, etc.

• “ADD Grup” company operates in R&D of the solutions designed for tarrification and metering. It manufactures Advanced Me-tering Infrastructure - ready smart metering solution. Over 2.6 million users worldwide are using solutions from ADD Grup.

• “Bilargo” is a manufacturer of PU foam with continuous method. The polyurethane is used for different applications in furniture, automotive, sports, construction industries.

• “Răut” produced complex hydro-acoustic

devices for vessels security; radio-telemet-ric devices, cathode protection assemblies (stations). The production currently runs in smaller scale, and the company is looking for sourcing opportunities in various applica-tions.

• Three local plants develop and produce hermetic pumps for the most severe tox-ic or hazardous applications, which require zero leakage tolerance, keeping the leading supplier position on CIS market. Precision foundry of iron, bronze, steel, stainless steel.

• “Hidroinpex” develops and produces hy-draulic pumps, and are open for sourcing activities.

• “BECK” Fahrzeug- und Anhängerbau, a Swiss company, manufactures trailers and semi-trailers for various applications.

• “Moldagrotehnica” company designs and manufactures agricultural machinery - in-cluding equipment for plowing, soil prepara-tion, planting of industrial crops, for inter-row processing of crops; Develops and manu-factures all kind of metal components and machined parts.

4

Automotive components industryNowadays, the automotive industry is a key growing sector for the Moldovan economy. This is due to an increased focus on the unused industrial potential of Moldova and the maintained industrial orientation in the education system (Technical University, technical colleges, vocational schools). The total export in the industry was over EUR 228 million (in 2014) with an average yearly growth of ca. 30% for last 3 years.

EUR 179millionEUR 137

2012 2013 2014

million

EUR 228million

Automotive components Exports

Number of employees in Automotive

6,2005,100

2012 2013 2014

6,900

Up to now, large direct investors prefer to locate themselves in Moldova’s Free Economic Zones (FEZ), which represent an excellent location for industrial development and production relocation oriented for exports.

Production concentrates on cables, wiring har-nesses for cars, car seat covers, articles of fur-niture, carpets, and wool yarn, textile weaving, plastic molding injection, metal processing, elec-tronics and electronic components and assem-bling.

This production is executed in Tier 1, 2 and 3 supplier plants, as well as local subcontractor companies. Important examples would be Lear Corporation, Dräxlmaier Automotive, Gebauer & Griller, Sammy Cablaggi, Elektromanufacturing, Cofezioni Andrea Covercar, LEONI and SEBN Sumitomo Bordnetze.

5

What Moldova offers

Human resources are one of the most impor-tant assets of Moldova

Moldova offers an active, edu-cated and multilingual workforce. It is a melting pot of several na-tionalities, such as Romanians, Russians, Ukrainians and oth-ers. The official language is Ro-manian, however there are more languages in use: Russian, Eng-lish, Ukrainian, Bulgarian and Gagauzian (close to Turkish). In addition, many Moldovans speak French, Italian and German.

The population of Moldova has a size of ca. 3.55 million people, ca. 2.9 million above 15 years and ca. 1.2 million represent the active la-bor force. The unemployment rate is 3.9% (2014), however the em-ployment rate stands at 39,6 % (2014) compared to EU average of 69,2% (2014). A considerable additional potential labor force are Moldovan migrants who are willing to return back to Moldova when can they find a job.

Top reasons to invest in Moldovan Automotive Sector

Competitive and well-educated labor force,

which is the result of Moldova’s industrial past and of a comprehensive education

system. At the same time, Moldova features the lowest

labor costs in the region.

Just in time / Just in sequence delivery to EU, CEFTA and CIS markets: Geographical proximity and Free Trade

Agreements with EU and CIS countries makes logistics

fast, easy and reliable in all markets.

Free Economic Zones are excellent manufacturing platforms for automotive growing supplier base.

They offerimportant incentives,

preferences, andstate guarantees.

Well-educated young students, in sector-specific faculties, are available to work in companies and increase their productivity. Moldova has strong technical faculties and specific colleges e.g. Chisinau and Balti Polytechnic Colleges, Technical College of UTM, Microelectronics College, Informatics College, etc.

Higher Education Institutions (2014/2015)Graduates

Cycle l Cycle ll

Economic sciences 4875 1711

Law 2212 1254

Engineering and Engineering activities 1564 339

Humanitarian sciences 686 330

Architecture and construction 580 274

Manufacturing technology and processing 405 89

Real sciences 298 174

Chemical technology and biotechnologies 154 23

Colleges (2014/2015) Students

Economics 4430

Informatics (Information Technologies) 1727

Electrotechnics and energetics 1173

Mechanics 1519

Transport 2708

Electronics and communication 998

Information systems and computers 925

Food industry technology 1135

Apparel industry technology 942

Construction 1512

6

Labor cost vs. production cost

Moldova commends a highly-skilled, competi-tively-priced workforce. Labor costs are among the lowest in the region and low enough to en-sure cost-effective operations. This provides an attractive basis for successful business.

Wages in Comparison - Monthly net wage in the economy (2014)

Number of students in universities (Engineering & Real Sciences) 2014/2015

Total number of students in 2014/2015

1374Trade Schools

29810Colleges

16015Vocational schools

89 529Universities

9535

2427

3771Architectures&Construction

Engineering& IndustrialTechnologies

Engineering

1630Real Sciences

Source: National Bureau of Statistics of each country, 2014.

The gross wages in Moldova for workers in the industry sector range from 180 EUR-450 EUR, depending on the region and professional level of the employee, which is lower than the wages in the region. A newly-graduated university student of engineering could earn up to 600 EUR.

Moldova’s labor force combines low-cost with high productivity, thus reflecting the key factor for a strong business performance. The quality of the labor force also derives from the industri-al experience and history of Moldova, as it was one of the most industrialized republics in former Soviet times.

Technical education is one of the strongest in Re-public of Moldova, and it comprises best engineers known for their expertise. The number of engineers, managers and other specialists is sufficient to meet the investor’s demand in most sectors.

In contrast to other Eastern European countries, Moldova’s unit labor cost is stable and and grow-ing very slowly.

Minute Production Costs in Euro

0.24Bulgaria

0.145PR of China

0.075Moldova

0.27Romania

0.3Serbia

0.38Turkey

Source: Spelleken Assoc. and Avanz Experts‘ Panel.

Utility costs are lower than in the region

Electricity Water Sewerage Gas

0.10EUR/kWh

0.726EUR/m3

0.586EUR/m3

0.34EUR/m3

Rental prices for industrial spaces:

Moldova Romania Serbia

2-4 EUR / m2

3.5-4.5 EUR / m2

4-5 EUR / m2

In Free Economic Zones the rental price for pro-duction halls is even lower, accounting for 0.8 to 2 EUR per square meter.

423€Romania

496€Russia

2089€Germany

165€Moldova

342€Macedonia

7

Favorable location

The outstanding location of Moldova and good transportation infrastructure provides easy access to both CIS and European Countries. The excellent location enables just-in-sequence and just-in-time delivery of goods. Considering Germany, it takes 2 days for truck deliveries.

The longest Pan-European Corridor is passing through Moldova. Railway and road corridor IX from Helsinki (Finland), St. Petersburg (Russian Feder-ation), Gomel (Belarus), Kiev (Ukraine), Chişinău (Moldova), Bucharest (Romania), Dimitrovgrad (Bulgaria), Alexandroupoli (Greece) — crosses the country from North to South, linking it to key trade partners.

Country City Supplier Distance, kmNo. of

borders

RomaniaPitesti Dacia-Renault 560 1

Craiova Ford 710 1

PolandBielsko Biala Fiat 999 1

Gliwice GM/Opel 1029 1

HungaryGyor Audi 1077 1

Esztergom Suzuki 1000 1

Slovakia

Trnava PSA 1126 1

Bratislava VW 1170 1

Zilina Hyndai/KIA 1100 1

Austria Graz MagnaSteyr 1350 1

Bosnia & Herzegovina

Sarajevo Skoda 1288 3

Czech RepublicMlada Boleslav VW 1440 1

Kolin PSA/Toyota 1450 1

Slovenia Novo Mesto Renault 1475 1

Russia

Taganrog Hyundai, GM 950 2

KalugaVW, PSA,

Mitsubishi, Skoda1290 2

Sankt PetersburgGeneral Motors, Toyota, Nissan, Hyundai, Ford

1690 2

Nijnii Novgorod Skoda 1790 2

Toliatti Renault 1990 2

A strategic location in close proximity to OEMs, Tier 1 and Tier 2 suppliers, enabling just-in-sequence and just-in-time delivery.

Germany

Moldova2 days

China (TranSib)

23 daysChina (Ship)35 days

Giurgiulesti International Free Port (GIFP)

Moldova is also linked to Corridor VII (Danube from Passau-Germany to the Black Sea) through the GIFP, situated at km 133.8 of the River Dan-ube, direct sea/river-borne transshipment and distribution point to and from the Republic of Moldova. A regional logistics hub on the border of the EU with access to road, rail, river, sea. GIFP offers container, bulk and oil terminals and forwarding services.

Transportation Time

8

Competitive products

Moldova provides excellent opportunities in in Tier 2 and Tier 3 supplier production in the Au-

tomotive Industry.

The combination of the knowledge pool, labor cost advantages, favorable tax and social se-curity regimes, and close trade relations makes production competitive for products like:

Automotive Supply Chain structure:

3rd Tier(Part-/Raw material Supplier)

2nd Tier(Component Supplier)

1st Tier(System

Modul Supplier)

MOLDOVA

Product DescriptionAlready Produced in

Moldovan Automotive Industry

Already Produced in Moldovan General

Industry

Seat covers, car covers, airbags, textile parts x x

Textile tapes, safety belts x

Cables and wires x x

Wire harnesses x

PU Foam x

Plastic molding injection x

Carpets / Rugs x

Laminations (leather / cloth) x

Foundry x

Metal parts lathe x x

Electronics, SMT x x

9

Free Economic ZonesThe Free Economic Zones (FEZs) represent ex-cellent platforms for businesses that are conven-ient to export-oriented manufacturing compa-nies, which intend to benefit from a preferential customs and tax regime. There are 7 FEZs in Moldova, spread around throughout the country and located either near a border, or in big cit-ies. This FEZs offer preferential conditions and a dedicated customer-oriented administration. Activities in the FEZs are limited to industrial production, packaging, trade, transportation, logistics and utilities, with priority given to man-ufacturing. Moreover, Giurgiulesti International Free Port and Marculesti Free Airport offer quite similar conditions to the FEZs.

Free Economic Zones Incentives

• FEZs are connected to all important trans-port routes and have access to all regions through the National and International roads;

• Customs Office available on site: operating 7days/week; if necessary 24h/day;

• Exemption from customs duties and excise duties on goods imported into the FEZs and subsequently exported;

• VAT for equipment and machinery: 0% VAT

• Corporate Income Tax (CIT) rate stands at 0%*, 6% (3% in free port);

• Customs Duties exemption;

• Customs procedures tax: 0.1% (from Cus-toms value of goods)/ outside FEZs 0.4%;

• 10 - years state guarantee for protection against adverse changes in legislation (15 years in Free Port);

• Free connection to utilites in FEZ and Indus-trial Parks;

• EUR/ USD payments among FEZ residents;

• Exemption from Corporate Income Tax for a period of 3 years, when investing 1 million USD in fix assets of the company and/ or in FEZ infrastructure development (for 5 years, when investing 5 million USD).

• Minimal state inspection and control regime;

Industrial ParksIndustrial parks (IPs) are delimited territories in which industrial production, services provision, applied scientific research and/or technological development are carried out under some prefer-ences. There are 8 Industrial Parks in Moldova: IP Tracom (Chisinau), IP Bioenergagro (Drochia), IP Cimislia (Cimislia), IP Raut (Balti), IP CAAN (Straseni), IP Edinet (Edinet), IP Triveneta Cavi Development (Straseni), IP Comrat (Comrat). In-dustrial Parks can potentially become the center for investment attraction and the place for differ-ent industrial and IT projects. Firms are given le-gal and consulting support in obtaining licenses, permits and approvals. Consulting services also include project development, personnel recruit-ment, knowledge management, marketing, etc.

Incentives for Industrial Parks:

• Free re-zoning of agricultural into industrial land;

• Normative (below market) prices for the pur-chased land;

• Reduced rental price for state land;

• Free connection to existing infrastructure in the park;

• Minimal state inspection and control regime;

10

Danube

Sulina Branch

Sf. Gheorghe Branch

Kilia B

ranch

UKRAINE

FREE ECONOMIC ZONES& INDUSTRIAL PARKS

ROMANIA

Prut

Prut

Nistru

Nistru

Edinet

Cupcini

Donduseni

Drochia

Soroca

Floresti

Rișcani

GlodeniBALŢI

Falesti

Singerei

Soldanesti

Ribnita

Telenesti

Ungheni

Calarasi

Straseni

Orhei

Nisporeni

Hincesti

Causeni

Stefan Voda

TIRASPOLAnenii Noi

Leova

Cantemir COMRAT

Basarabeasca

Ceadir-Lunga

Taraclia

Giurgiulesti

Slobozia

Grigoriopol

Dubasari

Otaci

Rezina

CHIȘINAU

Cahul

Criuleni

Cricova

Cimișlia

Ialoveni

BENDER(TIGHINA)

Briceni

Ocnita

Mohyliv-Podolikyi

Odessa

Izmail

Bolgrad

Galati

Iasi

Bucharest, RO - 255kmConstanta, RO - 215kmCraiova, RO - 481kmGalati, RO - 10kmPitesti, RO - 370kmTimisoara, RO - 697kmMD: GiurgiulestiRO: Galati

Arad, RO - 654kmBucharest, RO - 407kmCraiova, RO - 641kmPitesti, RO - 531kmMD: LeuseniRO: Albita

MD: GiurgiuleștiUA: Reni

MD: MirnoeUA: Tabachi

MD: Ceadir- LungaUA: Novie Troiani

MD: BasarabeascaUA: Serpniovoe 1 MD: Tudora

UA: Starokazacie

Odessa, UA - 77kmMD: PalancaUA: Udobnoe

MD: VulcanestiUA: Vinogradovca

Iasi, RO - 24kmMD: SculeniRO: Sculeni

Baia Mare, RO - 443kmBototsani, RO - 55kmSuceava, RO - 97kmMD: CostestiRO: Stinca

IP Eco Garant

IP Bioenergagro

IP Tracom

MD: UnguriUA: Bronnita

Kaluga, RU - 1063kmKiev, UA - 385kmMohyliv-Podolskyi, UA - 0.5kmVinnytsa, UA - 120kmMD: OtaciUA: Mogiliov-Podolisc

MD: BriceniUA: Rososeni

Chernivtsi, UA - 105kmIvano-Frankovsk, UA - 215kmKatowice, PL - 768kmLviv, UA - 341kmTychy, PL - 771kmMD: CrivaUA: Mamaliga

FEZ GiurgiulestiInternational Free Port

FEZ Balti/ Subzone nr.4/ Straseni

FEZ Ungheni Business

FEZ Balti

FEZ Tvardita

FEZ Taraclia

FEZ Valcanes

FEZ Otaci Business

FEZ Marculesti hub airport

FEZ Expo Business Chisinau

M14

M14

M14

M14

M3

M3

M2

M2

M2

M2

M21

M4

M4

M4

M4

M4

M21

M3

M3

M3

22E

24

24C

24D

H10

P63

M21

M05

M05

M13

M13

M05

M05

M12

M12

H03

21

M14

M14M14

FEZ Balti/Subzone Causeni

Braila

Focsani

Buzau

Kilia

SulinaTulcea

Belgorod Dnestrovsk

Dnestrovsky Liman

Razim lake

Co

nsta

nta

Ista

mb

ul

BLACKSEA

IP Raut

IP CAANIP Triveneta Cavi Development

IP Comrat

IP Cimislia

11

Danube

Sulina Branch

Sf. Gheorghe Branch

Kilia B

ranch

Prut

Prut

Nistru

Nistru

Mohyliv-Podolikyi

Odessa

Izmail

Bolgrad

Galati

Iasi

Braila

Focsani

Buzau

Kilia

SulinaTulcea

Belgorod Dnestrovsk

Dnestrovsky Liman

Razim

lake

Co

nsta

nta

Ista

mb

ul

BLACKSEA

Prut

Edineţ

Briceni

Drochia

Soroca

Florești

ȘoldăneștiBĂLŢI

Fălești

UngheniCălărași

Strășeni

Orhei

Nisporeni

Căușeni

Anenii Noi

COMRAT

Vulcănești

Rezina

CHIȘINĂU

Cahul

Criuleni

Ialoveni

Ocniţa

Dondușeni

Rîșcani

GlodeniCostești

Sîngerei

Telenești

Hîncești

Ștefan Vodă

Leova

Cantemir

Basarabeasca

Ceadîr-Lunga

Tvardita

Taraclia

Otaci

Cimișlia

UKRAINE

ROMANIA

LEGENDShoes

Carpet

Garment & Knit wear

Furniture

Seat covers

Textile tapes

Rubber & Plastic injection

Steel casting

Pumps

Construction material

Electronics

Glass manufacturing

Cardboard manufacturing

Metal processing

Gravel & stone extraction

Energetics

Wires and harnesses

Ceramic tiles

Alcohol & bioethanol

Railway

Cannery

Sugar

Water bottling

Food products

Winery

Chocolate

Bakery

Cigarette and tobacco

Dairy products

Meat processing

Beer

Brandy production

Pharmaceuticals

SUCCESS STORIES &INDUSTRIAL COMPETENCES

SUMITOMO ELECTRICBORDNETZE

A U T O M O T I V E

Metal Supply Masters

CRIS Pumps

12

STRATEGY

PROJECT MANAGEMENT ASSISTANCE AND PROVIDING INFORMATION

LOCATION CONSULTING / SCOPING MISSION SUPPORT

AFTERCARE / POSTINVESTMENT SUPPORT SERVICES

DECISION & INVESTMENTEVALUATION

Identification of sector-specific investors

General data and statistics for investor feasability study support

Sector-specific details & information of legislation

Relevant site presentation and preselection

Joint project management assistance together with FEZs & IPs administration

Coordination andsupport of negotiationswith localauthorities

Identification of project-specific locations

Identification of sourcing opportunities

Information on suitable locations

Site visitorganization

Arranging meetings with public authorities, relevant private sector representatives

Final site decision support

Identification of and general information on relevant tax, legal and adminis-trative issues

Connecting with relevant recruitment, legal, tax and other consulting companies

Facilitation and communication with public local and central authorities, as well as relevant private sector representatives

Advice on administrative and legal issues

Supporting investors and associations in their efforts to improve the business climate

Invest in Moldova helps youWe will assist you in setting up your operations in Mol-dova. We support your project management activities from the earliest stages of your expansion strategy. We provide you with the industry information you need. This includes facts about the industrial competenc-es throughout Moldova’s regions, as well as available sourcing and supply companies.

Foreign companies profit from our rich experience in identifying the business locations which best meet their specific investment criteria. We help turn your re-quirements into concrete investment site proposals; providing consulting services to ensure you make the right location decision. We coordinate site visits, meet-ings with potential partners, relevant existing investors, universities, colleges, vocational schools and other in-

stitutes active in the industry, as well as meetings with relevant embassies, business associations, govern-ment officials and other authorities.

Our team of consultants is at hand to provide you with the relevant background information on Moldova’s tax and legal system, industry regulations, and the domes-tic labor market. Invest in Moldova experts help you create the appropriate financial package for your in-vestment and put you in contact with suitable financial partners. Our specialists provide you with detailed in-formation about available incentives, support you with the application process, and arrange contacts with lo-cal developers.

All of our investor-related services are treated with the utmost confidentiality and are provided free of charge.

GUAMCEFTA

CISEU

ESP

FRA

GBR DEU

ITA

TUR

ROMHUNAUS

CZE

BGR

LTU

LVA

EST

GRC

POL

SWEFIN

NOR

BLR

RUS

KAZ

UZB

UKR

“This project is a very important part of our global presence strategy. We established an excellent partnership with the central and local officials and we are planning already the future growth of Gebauer& Griller in Moldova.’’

Vasile BoangiuManaging Director at Cables and Wires G&G EE (2012-2015)

“Moldova has many advantages for foreign investors. The proximity to the European market and the close links to markets of the CIS make Moldova interesting for European businesses. Our decision to open a facility in Balti is influenced by the proximity to key locations in Romania, as well as the good opportunity to train and develop skilled workers here.”

Peter HilbertGovernment Relations consultant at DRA Draexlmaier Automotive SRL

Managing Director at DRA Draexlmaier Automotive SRL (2007-2014)

“We decided to open a new production plant in Moldova for a good strategic position and a reasonable labor cost. Local and central Government authorities offer entire support in investment and business activity.”

Gregorio IsgròAdministrator at CONFEZIONI ANDREA MDV S.R.L.

port existing investors in ex-tending their operations.

Our team consists of perma-nent investment attraction staff, sectorial consultants, as well as regional officers. Com-bining our experience, we are able to provide you with infor-mation relevant for your deci-sion making, as well as links to businesses and government.

Craiova

Bursa

Sarajevo

Pitesti

Timisoara

Oradea

Mlada Boleslav

Kolin Lviv

Kiev

Balti

Chisinau

500km

1000km

1500km

2000km

ZaporojeEsztergom

Turin

Munchen

Valls

Pamplona

SindelfingenParis

Genk

Bratislava

GyorGraz

Novo Mesto

Pecs

Katowice

Minsk

Wolfsburg

Leipzig

BremenPoznan

Glewice

Kaluga

Nijnii Novgorod

Tolyatti

Sankt Petersburg

500k

m1000

km1500

km2000

km

500k

m

1000

km

1500

km

2000

km

500km

1000km

1500km

500km 1000km 1500km 2000km

500km

1000km

1500km

2000km

MD

The Moldovan Investment and Export Promotion Organization (MIEPO), in cooperation with the Prime Minister’s Office, is the prime source of information and assistance for potential in-vestors.

We provide tailored servic-es for potential investors throughout the investment de-cision process. We also sup-

Contact us:65 Alexei Mateevici str., Chişinău,Republica Moldova, MD-2009Tel:+373 22 27 36 54Fax: +373 22 22 43 10www.invest.gov.md, invest@gov.md© MIEPO 2015