Opportunities nearby
Republic of Moldova
Agriculture
ICT Textile, Apparel,Footwear and Leather goods
Automotive
Edi
tion
2016
/201
7
Renewable Energy
GUAMCEFTA
CISEU
ESP
FRA
GBR DEU
ITA
TUR
ROMHUNAUS
CZE
BGR
LTU
LVA
EST
GRC
POL
SWEFIN
NOR
BLR
RUS
KAZ
UZB
UKR
Free Trade Agreements signed with 43 countries, including:• DCFTA (Deep and Comprehensive Free Trade Area with the European Union) – 500 million customers;• FTA with CIS countries (Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan) – 250 million customers;• FTA with Turkey – 80 million customers; • CEFTA Central European Free Trade Agreement (Moldova, Macedonia, Albania, Serbia,
Montenegro, Bosnia and Herzegovina and UNMIK (Kosovo) – 30 million customers; • GUAM Organization for Democracy and Economic
Development (Georgia, Ukraine, Azerbaijan, and Moldova) – 60 million customers.
880 millionCustomersduty-freemarket
KEY FACTS
€ 4,514GDP per capita at PPP 2015
9.7%Inflation rate2015
€ 5.78 billion
GDP current prices2015
0 % CIT 0% DUTIES0% VAT
EXCISE CUSTOMS
in FEZ
> 1MIO Investment 6% FEZ 12% General regime
in FEZ
40.3%Employment rate 2015
Average wage (gross)2016
235€ /month344Doing Business2017 Rank
33,846 km2
Area
3.55 millionPopulation
1 EUR = 21.63 MDLDecember 2016
Currency MDL
Republic of MoldovaOfficial name
ca. 814,000 inhabitantsCapital Chisinau
LanguageRomanian (official)Other spoken languages: Russian, Ukrainian, English, French, German, Italian, Turkish, Bulgarian
1.80 Full load (labor cost)2016
€ /hour
Contents
Why Moldova ..........................................................................................................................2
Economic overview .................................................................................................................3
Available workforce .................................................................................................................4
Educational institutions ............................................................................................................5
Operational costs ....................................................................................................................6
Taxes & Customs ....................................................................................................................7
Trade potential ........................................................................................................................8
FDI facts ..................................................................................................................................9
Business start-up in Moldova ...............................................................................................10
Investment incentives ............................................................................................................11
Free Economic Zones & Industrial Parks ..............................................................................12
Success stories & Industrial competencies ..........................................................................14
2
Why Moldova?Whether you are looking to gain access to the Russian or European markets, optimize your operational costs, find skilled labor at competitive wages, relocate and still remain close to your distribution or assembly centers, Moldova is the country that meets your needs.
With some significant investors already producing and outsourcing to the country, there is a large range of opportunities for companies which are seeking new production opportunities and investments. Dräxlmaier AG, Lear Corporation, Confezione Andrea, Südzucker AG, Lactalis-Alba, Gebauer&Griller, Steinel Electronic, La-farge, Pentalog, Fujikura Automotive, SEBN and others already established their own plants in Moldova, or source from Moldova by making use of the local sub-contractors.
Moldova’s trade is largely liberalized to both the European Union and Com-monwealth of Independent States. Most important destinations in these markets can be reached within 2 truck days.
Moldova’s Free Economic Zones offer further incentives, including a corporate tax of 3–6% and total exemption from VAT and custom duties. They represent excellent manufacturing platforms offer-ing also state guarantees and adminis-trative support.
The workforce is skilled and multilingual. Labor costs are the lowest in the region, creating a competitive business environ-ment.
• The Giurgiulesti International Free Port is situated at km 133.8 from the Black Sea, on the maritime section of the river Danube;
• Link to the Pan-European transport Corridor VII – the Danube from Passau (Germany) to the Black Sea (2300 km long);
• 1138 km Railway network in Moldova (single track), with both wide and narrow track gauge;
• Direct connections to Ukraine and Romania (most important crossings at Ungheni (MD) – Iasi (RO), Cantemir (MD) – Falciu (RO) and Giurgiulesti (MD) – Galati (RO) ).
Bordered by Romania on one side and by Ukraine on the other, Moldova is close to both EU and CIS mar-kets. Moldova is connected via Airports, wide and narrow gauge railways, roads and the Danube River to the whole of Europe and the Black Sea.
Distances
ChișinăuMilanoLondon Vienna Moscow1200 km
Bucharest440 km1900 km2500 km 1300 km
Moldova is constantly improving its busi-ness climate, being well positioned in the Doing Business ranking (44 / 190 in 2017).
Top reasons to Invest in Moldova
3
Economic overviewOver the years 2011–2015, the average economic growth of the Republic of Moldova registered 3.9% per annum. The most dynamic sectors have been ICT, manufacturing industry, automotive industry and agriculture.
Historically, the largest industries in Moldova have been the manufacturing industry, agriculture and food processing, textile, apparel and footwear. The ICT sector is a rather new and fast growing sector for Moldova, with many foreign companies entering the market.
GDP in current prices, billion EUR
GDP per capita at PPP, EUR
The industry production reached 15.2% of GDP in 2015, while the agricultural production decreased to 12.0%. In 2015, the industrial production registered an increase of 0.6%, mainly driven by the growth of 2.3% of the manufacturing industry.
The production of electrical equipment has increased by 32.2%, followed by the production of textiles (+19.9%), significant intake was brought by the au-tomotive industry, and chemicals (+17.6%), pharma-ceuticals (+16.9), wood processing and wood articles (+15.9%), and others. A significant intake was brought by the automotive industry, which is one of the most dynamic industries in Moldova. Total export of auto-motive industry is over 257 million EUR (in 2015), with a growth of ca. 13%.
Share of industry in GDP, %
The agricultural sector has large potentials in pro-duction of fresh and processed fruits and vegeta-bles, wall nuts, honey, meat, dairy products and poultry. A strong potential is also located in the or-ganic and biological food production, due to the rich soil and appropriate climate.
The agricultural production registered a decrease of 13.8% in 2015, driven by the strong decrease of the vegetable production by 22.6% (due to a severe drought in summer). However, the life stock produc-tion registered a growth of 2.2% in 2015, mostly driven by the increase of cattle and poultry produc-tion by 5.6%.
Share of agriculture in GDP, %
2011 2012 2013 2014 2015
5
4
6
7
5.3575.559
6.0576.620
5.780
2011 2012 2013 2014 20152
4
5
3
2,554 2,581
4,149
4,514
2,852
2011 2012 2013 2014 201513
14
15
13.6
13.914.1
14.3
15.2
Source: IMF, World Economic Outlook Database, 2016.
Source: Ministry of Economy, Social-economic development of Moldova, 2016.
Source: IMF, World Economic Outlook Database, 2016.
2011 2012 2013 2014 20158
11
10
9
12
14
13
9.2
11.2
13.0 13.0
12.0
Source: Ministry of Economy, Social-economic development of Moldova, 2016.
4
47 secondary vocational institutions
45 post-secondary vocational institutions
31 higher education institutions
Available workforceMoldova’s population is an adaptable society, with 80% of the population multilingual and 33% of pop-ulation under 25.
Moldova successfully and peacefully merges such nationalities as Moldovans, Romanians, Rus-sians, Ukrainians, Gagauz, Bulgarian, and others. As well, Moldova’s population has a high degree of language skills in Romanian, Russian, English, French, German and other international languages. Moreover, the young population is looking to work with international companies and uses their com-petences and skills. The economically active pop-ulation consisted of around 1.267 million people in 2015.
Vocational education is an integral part of the na-tional education system oriented towards training and development of specific skills and competenc-es, in order to have prepared pool of workers for the national economy and foreign companies. Vo-cational education provides training in a profession according to the harmonized European framework of qualifications, as required by the labor market.
Chisinau
North
Center
South
353.9353.5
384.0356.1
329.1321.5
198.7201.3
2015 2014
Source: National Bureau of Statistics, Regional statistics.
Active population across regions, 1000 workers
Enrolled students and graduates of the upper secondary and higher education institutions, 2015/2016
Students Graduates
9,2206,252
16,098
30,428
81,669
23,630
17,828
67,397
14,272
5.802
Upper secondary education
Sec
onda
ry v
ocat
iona
l ins
titut
ions
Pos
t-se
cond
ary
voca
tiona
l ins
titut
ions
Tota
l
Bac
helo
r
Mas
ter
Higher education
5
VET
VET
VET
VET
VET
VET
VET
LEGEND
VETSecondary Vocational Institutions(vocational schools)
Post Secondary Vocational Institutions(colleges)
Higher Education Institutions(universities)
Edineţ
Briceni
Drochia
Soroca
Florești
Șoldănești
Fălești
UngheniCălărași
Strășeni
Orhei
Nisporeni
Căușeni
Anenii Noi
Rezina
Cahul
Criuleni
Ialoveni
Ocniţa
Dondușeni
Rîșcani
Glodeni
Sîngerei
Telenești
Hîncești
Ștefan VodăLeova
Cantemir
Taraclia
Cimișlia
VET x4
VET x2
VET x2
VET x2
x3VET
VET x26x19x12
x2VET x6x5
VET x3 x2
VET x2 x2
VET
VET
VET
VET
VET
VET
VET
VET
VET
VET
VET
CHISINAU
COMRAT
BĂLȚI
83.4 8.8 Anenii Noi
28.5 12.5 Basarabeasca
72.9 9.9 Briceni
124.6 39.6 Cahul
62.0 5.8 Cantemir
77.8 16.4 Calarasi
90.5 19.9 Causeni
60.1 14.3 Cimislia
42.9 8.5 Donduseni
87.4 10.4 Drochia
35.3 20.5 Dubasari
80.7 18.4 Edinet
91.5 16.9 Falesti
87.6 15.5 Floresti
59.6 11.3 Glodeni
120.2 17.3 Hincesti
101.3 16.4 Ialoveni
52.8 10.8 Leova
65.6 14.4 Nisporeni
54.0 9.4 Ocnita
125.0 33.7 Orhei
50.8 12.8 Rezina67.9 13.3 Riscani
92.2 14.8 Singerei
100.1 37.6 Soroca
92.3 20.7 Straseni
41.9 7.5 Soldanesti
70.4 8.5 Stefan Voda
43.6 14.9 Taraclia
72.6 8.1 Telenesti
117.3 38.4 Ungheni
Population
Population of the region
Population of region capital city
3553.1
814.1681.1
150.7145.8
Republic of Moldova,total
Chisinau municipality,
Balti municipality,
Chisinau city
Balti city
Population of ATU Gagauzia
161.9
26.2
22.9
16.7
ATU Gagauzia
Comrat municipality
Ciadir-Lunga
Vulcanesti
Population of Moldova in 2016, thousand people
Educational institutions in the Republic of Moldova
6
220€Moldova
368€Serbia
386€Albania
451€Bulgaria
506€Russia
521€Macedonia
576€Romania
750€Croatia
801€Hungary
921€Poland
1025€Slovakia959€
Czech Republic
658€Bosnia andHerzegovina
175€Ukraine
Operational costsMoldova offers a highly-skilled, competitively-priced
workforce. Labor costs are amongst the lowest in
the region and low enough to ensure cost-effective
operations.
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 industrial
experience and history of the Republic of Moldova, as
it was one of the most industrialized republics in former
Soviet times.
Utility costs
Electricity Water Sewerage Gas
0.09–0.10EUR/kWh
0.726EUR/m3
0.586EUR/m3
0.34EUR/m3
Rental price
Moldova Romania Serbia
2–4 EUR/m2
0.8–2 EUR/m2
in FEZs
3.5–4.5 EUR/m2
4–5 EUR/m2
Source: Trading Economics, Wages, 2016.
Source: Eurostat, Statistics explained, 2015.
Moldova
Bulgaria
Romania
Hungary
Poland
Croatia
Slovakia
1.8
4.1
5.0
7.5
8.6
9.6
10.0
Production hall Spamol SRL (Alpha industries), Chisinau (Source: Spamol SRL)
Average monthly wages in comparison, EUR
Average hourly labor costs, EUR
7
TaxesThere are 47 operational Tax Treaties for Avoidance of Double Taxation concluded by Moldova with other jurisdictions. Although Moldova is not a mem-ber of the Economic Cooperation and Development Organization (OECD), Moldova applies OECD rules in interpreting Double Taxation Treaties.
Type of Tax
Tax Rate
Individualincome tax
7% < 29,640 MDL annual income < 18%
Corporateincome tax(CIT)
12%7% for farmers enterprises6% within FEZs3% within Free Port
Social security
6% for employee23% for employer
Healthinsurance
4.5% for employee4.5% for employer
VAT 20% standard rate 8% i.e. pharmaceutical 0% international transportation
Customs Moldova is a member of the World Trade Organ-ization since 2001. In general, legal provisions allow moving freely any type of goods in and from the territory of Moldova. Under the Moldovan law, both definitive and suspensive customs regimes can be applied.
The Moldovan Customs Tariff is based on the Harmonized Commodity Description and Coding System and the customs valuations are applied according to the General Agreement on Tariffs and Trade (GATT).
In addition, on June 27, 2014, Moldova has signed the Deep and Comprehensive Free Trade Agree-ment (DCFTA) with the European Union, which provides improved access to the EU market of 500 million consumers for Moldovan goods and servic-es, as well as improved investment opportunities.
Authorized Economic Operators (AEO)
Since July 2014, companies can profit from the status of Authorized Economic Operator. It pro-vides simplified transit of goods across the bor-der, promoting voluntary compliance with customs requirements by providing more simplified clearance procedures and other benefits to companies.
EU operating companies as well as Moldovan com-panies that correspond to the requirements listed in the Customs Code may apply for an AEO certificate and benefit of the corresponding advantages. The major benefits of an AEO status are border crossing priority (a special track for AEO has been designed), limited number of customs controls, saving time and reducing operational costs of cross-border traf-fic, priority treatment of consignments and check-point choosing, if selected for control.
There are three types of AEO certificates:
• AEOC – AEO certificate for simplified custom procedures;
• AEOS – AEO certificate for security and safety;
• AEOF – AEO certificate for simplified custom procedures, security and safety.
Until November 2016, ca. 100 companies have been recognized as AEO, receiving one of the above-mentioned certificates.
18
12
15
20
16
16
16
20
32
19
19
23
40
20
15
25
Ind. Income tax Corporate Income Tax Withholding Tax VAT
Moldova
Romania
Poland
Croatia
Source: PWC, Worldwide Tax Summaries, 2016.
Tax rates in comparison, %
8
25.5%25.5%
49.0%
CSI countriesOther countries
EU countries
Trade potentialEuropean Union is the main trade partner of the Republic of Moldova. In 2015, EU exports to Mol-dova amounted to 2.08 billion EUR (mostly machin-ery and appliances, mineral products, transport equipment, and chemical products). Meanwhile, EU imports from Moldova continued to grow. Total im-ports increased by 5%, to 1.22 billion EUR in 2015 (mainly textiles and textile articles, machinery and appliances, vegetable products and other food-stuffs and beverages).
Businesses located in the Republic of Moldova can ex-port duty free to the West (EU), East (CIS) and South-East (Balkans). Since 1995, the country also has access to the United States and Japanese markets under the Generalized System of Preferences.
Source: National Bureau of Statistics, Foreign trade in 2015.
Source: National Bureau of Statistics, Foreign trade in 2015.
Giurgiulesti International Free Port, Source: Danube Logistics
2014 20152013201220112010
1.150
2.877
1.718
4.024
1.650
3.9793.595
1.772 1.774
4.009
1.933
4.394
Export Import
13.1%Other countries
61.9%EU countries
25.0%CSI countries
Source: National Bureau of Statistics, Foreign trade in 2015.
Imports by origin, % (2015)
Total volume of exports and imports, EUR billion
Exports by destination, % (2015)
9
Source: iStock
FDI facts
FDI stock in sectoral distribution, 2015 FDI in Moldova by investor’s country, 2015
19%
14%12%
9%
3%3%
2%
6%
5%
4%
4%
Other
19%Netherlands
Italy
CyprusRussia
Germany
Austria
Spain
Turkey
USA
Great Britain
Romania
Source: State Chamber of Registration, FDI statistics, 2015.
25.5%Financialintermediation
22.9%Manufacturingindustry
14.6%
Wholesale &retail trade
13.8%
Real estate &business services
9.6%Transport &communications
7%Electricity, gas& water supply
1.5%Healthcare
3.8%Other
1.3%Agriculture& forestry
Source: National Bank of Moldova, Annual report 2015.
In 2015, the net flow of foreign direct investment in the economy of Moldova amounted to 239.3 million EUR. Investors come to Moldova from many different countries, the EU and Russia make up for large shares of the total investments. This shows that Moldova is open for business for everyone.
10
Business start-upin Moldova
Starting a business, DB Ranking 2017
Ukraine
Moldova
Serbia
Romania
Bulgaria
Croatia
Poland
20
44
47
62
82
95
107
Registering property, DB Ranking 2017
Moldova
Poland
Serbia
Romania
Bulgaria
Croatia
Ukraine
21
38
56
57
60
62
63
Getting credit, DB Ranking 2017
Romania
Poland
Ukraine
Moldova
Bulgaria
Serbia
Croatia
7
20
20
32
32
44
75
Enforcing contracts, DB Ranking 2017
Croatia
Romania
Bulgaria
Poland
Serbia
Moldova
Ukraine
7
26
49
55
61
62
81
Paying taxes, DB Ranking 2017
Moldova
Poland
Croatia
Romania
Serbia
Bulgaria
Ukraine
31
47
49
50
78
83
84
2017 rankingDoing Business countries in the
44 out of 190The Republic of Moldova ranked is
It takes 4 procedures and 1 day
to register a business in Moldova.
11
Investment incentives
General IncentivesJob creation − Reduced calculation base of the taxable income, when increasing the number of sta� (yearly average salary in the country for the year prior the reported �scal year).Taxable income deductions − Expenses related to transport (MDL 25 per day per employee), meals (MDL 35 per day per employee), and professional training of employees are deducted from the taxable income.
Agricultural sector- VAT exemption on import of tractors and agricultural equipment.- there is a wide range of agricultural subsidies available. Please refer to our agricultural sector report and information lea�ets to learn more.
Automotive sector- 180 days deferment to pay VAT and customs duties on imported raw materials;- VAT and customs duties exemption for imported goods introduced in equity capital.
Textile sector- 180 days deferment to pay VAT and customs duties on imported raw materials;- VAT and customs duties exemption for imported goods introduced in equity capital.
ICT sector- Reduced base of the taxable income of employees and applicable social security charges (2 average monthly salaries in economy forecasted for the concerned year).- Incentives for the technology park resident companies (Law No 199 on IT parks): • unique tax of 7% from the turnover, replacing the CIT (Corporate Income Tax), PIT (Personal Income Tax), social security and medical insurance taxes, local and real estate taxes; • VAT and customs duties exemption for monitors, computers, network equipment, and components, as well as equipment and accessories according to tax and customs legislation; • State controls over the IT park residents’ activity are performed simultaneously by all bodies, as required by law, every three years.
Free Economic Zones- Reduced CIT rate of 6% net, for income obtained from exports or sales to other FEZ residents-exporters;- Reduced CIT rate of 9% net, for income obtained from other activities conducted within FEZs;- CIT exemption for 3, 5 years for investing USD 1 Mio, and respectively USD 5 Mio;- 10 years guarantee of applicability of tax and customs regime existing at inception of activity.
Industrial Parks- Exemption to compensate losses caused by exclusion of land from agricultural circuit;- Privatization of land at the normative price;- Concessional rent of public property (down to 0.3 of the tari� established in state budget law);- Alienation free of charge or bailment of public property goods to the managing enterprise for the purpose of establishing and developing the industrial park;- Optimization of state inspections;- Allocation of public funds for infrastructure within parks.
Giurgiulesti International Free Port- Unrestricted right to practice any activity that is legal in Moldova;- Reduced CIT rate of 3% net, for activities within PILG for 10 years of residence;- Reduced CIT rate of 6% net, for next term till 2030;- Customs duties exemption;- VAT and excises exemption for shipments to GIFP and between GIFP residents;- 15 years guarantee of applicability of tax and customs regime existing at inception of activity.
12
Free Economic ZonesThe Free Economic Zones represent excellent platforms for businesses that are convenient to export-oriented manufacturing companies, which in-tend to benefit from a preferential customs and tax regime.
There are 7 FEZs in Moldova, spread around through-out the country and located either near a border, or in big cities. This Free Economic Zones offer preferential conditions and a dedicated customer-oriented admi-nistration. Activities in the FEZs are limited to industrial production, packaging, trade, transportation, logistics and utilities, with priority given to manufacturing. More-over, Giurgiulesti International Free Port and Marculesti Free Airport offer quite similar conditions to the FEZs.
Incentives offered in Free Economic Zones
• FEZs are connected to all important transport routes and have access to all regions through the national and international roads;
• Customs Office available on site, operating 7days/week (if necessary 24 hours/day);
• Exemption from customs duties and excise du-ties on goods imported into the FEZs and subse-quently exported;
• VAT for equipment and machinery: 0%;
• Corporate tax rate stands at 6% (3% in free port);
• Customs procedures tax: 0.1% from customs 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 utilities in FEZs and Industrial Parks;
• EUR / USD payment among FEZs residents;
• Exemption from CIT for a period of 3 years, when investing 1 million USD in fix assets of the compa-ny and/ or in FEZ infrastructure development (for 5 years, when investing 5 million USD).
Industrial ParksIndustrial parks are delimited territories in which indus-trial production, services provision, applied scientific research and/or technological development are car-ried out under some preferences.
There are 8 Industrial Parks in Moldova: IP Tracom (Chisinau), IP Bioenergagro (Drochia), IP Cimislia (Ci-mislia), IP Raut (Balti), IP CAAN (Straseni), IP Edinet (Edinet), IP Triveneta Cavi Development (Straseni), IP Comrat (Comrat). Industrial Parks can potentially become the center for investment attraction and the place for different industrial and IT projects.
Firms are given legal and consulting support in ob-taining licenses, permits and approvals. Consulting services also include project development, personnel recruitment, knowledge management, marketing, etc.
Incentives for Industrial Parks
• Free re-zoning of agricultural into industrial land;
• Normative (below market) prices for the purchased land;
• Reduced rental price for state land;
• Free connection to existing infrastructure in the park;
• Minimal state inspection and control regime.
Production hall Draexlmaier, Balti (Source: Draexlmaier)
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
Tvardita
Taraclia
Giurgiulesti
Slobozia
Grigoriopol
Dubasari
Otaci
Rezina
CHIȘINAU
Cahul
Criuleni
Cimișlia
Ialoveni
Briceni
Ocnita
Mohyliv-Podolikyi
Izmail
Bolgrad
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
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
M14
M14
M14
M3
M2
M2
M4
M4
M4
M4
M4
M21
22E
24
24C
24D
H10
P63
M05
M05
M13
M05
M05
H03
M14
M14
Buzau
Kilia
SulinaTulcea
Dnestrovsky Liman
Razim lake
Co
nsta
nta
Ista
mb
ul
BLACKSEA
FEZ Otaci Business FEZ Marculesti Hub Airport (Floresti rayon)FEZ Balti • FEZ Balti/ Subzone Straseni • FEZ Balti/ Subzone Causeni • FEZ Balti/ Subzone Orhei • FEZ Balti/ Subzone Cahul FEZ Ungheni Business FEZ Expo Business Chisinau FEZ Tvardita FEZ Taraclia FEZ Valcanes (Vulcanesti)FEZ Giurgiulesti Free International Port
FEZ location name
FEZ
FEZ Subzone
Industrial Park
Border pass
Airport
Sea / river port
Route numberi
LEGEND
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
BĂLŢI
Căușeni
Cahul
GlodeniCostești
Sîngerei
Leova
Cantemir
Edineţ
Briceni
Drochia
Soroca
Florești
Șoldănești
Fălești
UngheniCălărași
Strășeni
Orhei
Nisporeni
Anenii Noi
COMRAT
Vulcănești
Rezina
CHIȘINĂU
Criuleni
Ialoveni
Ocniţa
Dondușeni
Rîșcani
Telenești
Hîncești
Ștefan Vodă
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
15
“The international growth of G&G requires a good choice of regions for our
plants. We look for availability of motivated staff, safety and good cooperation
with authorities. All of these factors made Moldova to a strong match. We are
very satisfied with the conditions in Balti and are happy to increase our foot
print soon.’’
Nikolaus Griller,Managing Director, Sales and Innovation Management
“We started our business in Moldova in 2007 and since then have
continuously expanded operations. Moldova proved to have great potential
for the development of our project within the Free Economic Zone in “Balti”,
with excellent support by local and central authorities.”
Guido Meinelt,Plant Manager at DRA Draexlmaier Automotive SRL
“Ungheni and its free economic zone, where Lear Moldova is placed since 2010,
confirmed itself as a well performing and competitive plant. The geographical
position (30 km from EU border), the proximity to the European customer base
and suppliers, as well as the dedicated labor force are the right ingredients for a
success story.”
Sven DAMM,VP of Trim Operations for Europe & Africa
“SEBN aims to implement a long term project in Moldova, which confirms that
the country is attractive for the automotive industry with available workforce,
necessary infrastructure for its development and openness to foreign
investment. Through early engagement and strong collaboration with the
Parliament, Government and local authorities, it was created a Free Economic
Zone in Orhei, which provides favorable conditions for a successful activity.”
Oliver Schacht,Member of the Board, COO, SEBN SE
Igor Corman,Administrator of SE Bordnetze SRL
“Moldova has a competitive country profile, providing good opportunities for
business development. These are multiplied by the willingness of Authorities and
such Institutions as MIEPO of collaboration with the foreign investors, in order
to contribute to the economy growth. This makes a solid foundation for a long
term partnership between the Foreign Investor and the Country Society.”
Angela Piliughin,Business Expansion Director Fujikura Automotive Europe & Administrator of Fujikura Automotive MLD
16
“In my experience, I find the local IT community, including fresh graduates
and experienced managers, to be responsive, willing to change and ready
to embrace new ideas. They have healthy competitive spirit, which shines
through when supported effectively. It is a pleasure for me to work in an
environment with lots of dedicated, passionate, ambitious and smart people.”
Kumail Jetha,General Manager, Endava Moldova Delivery Unit
“We picked Moldova as an investment destination due to the benefits the
Government offers to the foreign investors, the costs of production and
the strategic market for us. Main purpose for the dairy farm is to provide
high quality milk during every month of the year. Favorable climate and
geographical conditions are factors that help us achieve our goals.”
Jim Boet,Founder of Millstream Dairy
“Moldova works hard on encouraging foreign companies to review it as a possible
investment option. Moldova offers competitive financial support for the investments
into agriculture sector and very cooperative state institutions, and, what is most
important for us, a market with a high potential.”
Perebinos Ecaterina,Deputy Director at Pukoven
“We decide 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 Isgrò,Administrator at CONFEZIONI ANDREA MDV S.R.L.
Invest in Moldova helps you We will assist you in setting up your operations in Moldova. We support your project management activities from the earliest stages of your expansion strategy. We provide you with the industry informa-tion you need. This includes facts about the industrial competences 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.
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
The Moldovan Investment and Export Promotion Organization (MIEPO) is the prime source of information and assistance for potential investors.
Combining our experience, we are able to provide you
with information relevant for your decision making, as well as links to businesses and government. Our team con-sists of permanent investment attraction staff, sectorial con-sultants, as well as regional officers.
Craiova
Bursa
Istambul
Ankara
Cairo
Jerusalem
Sarajevo
Pitesti
Timisoara
Oradea
Mlada Boleslav
Kolin Lviv
Kiev
Balti
Chisinau
500km
1000km
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2000km
ZaporojeEsztergom
Turin
Munchen
Valls
Pamplona
SindelfingenParis
Genk
Amsterdam
Bratislava
GyorGraz
Novo Mesto
Pecs
Katowice
Minsk
Wolfsburg
Leipzig
Bremen
Copenhagen
Poznan
Glewice
Kaluga
Nijnii NovgorodMoscow
Tolyatti
Sankt PetersburgStockholm
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MD
Contact us:65 Alexei Mateevici str., Chişinău,Republica Moldova, MD-2009Tel:+373 22 27 36 54Fax: +373 22 22 43 10www.invest.gov.md, [email protected]© MIEPO 2016
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