The costs of doing business in Moldova are low for a reason. Even though political changes will have little to no impact on IT centers serving clients abroad and overall conditions are getting better as the economy continues to grow, firms opening centers in the country need to bring their own managers (at least at first) and trainers to help staff round out their skills.

1. Republic of Moldova - Value for Money
Dona SCOLA
May 29, 2013
Author:
Date:
Deputy Minister
www.investict.md

2. Capable and Business Friendly

3. Capable and Business Friendly

4. Hub Between East and West

5. Hub Between East and West

6. Educated and Skilled Labour

7. Educated and Skilled Labour

8. Growing Local Market

9. Government committed utilizing IT

10. The IDC Perspective
Moldova is European
Its culture and history are intrinsically linked to the rest of the continent. Its system of
education, business processes, and business approaches align with those of Europe.
It is still early days for both the overall IT market in Moldova and for the country's role
as an IT development and services location
It has one of Europe's lowest costs of doing business
The government has developed numerous incentives for attracting foreign firms.
A skilled labor force and a 7.4% unemployment rate means people are looking for work.
And there is plenty of office space.
Moldova well positioned for high-value activities like analysis and design and software
development and testing
Spending on nearshore activities will be more than 40% higher.
While the potential for building cost-effective centers is high, the market is small – because
the country is small – and international vendors that move quickly will have the advantage.

11. Plan for it
Leadership needed – management and up
Training required – adding experience to intelligence
Productivity – room for improvement
Management standards are still developing in Moldova. Since the collapse of the Soviet
Union, commonly accepted practices employed in free-market economies have been slow
to take hold in the business community.
Just because training is considered important and generally a positive part of the corporate
world does not mean it happens.
On the surface, the productivity level of the IT service industry in Moldova might ring alarm
bells among those thinking of building IT development and service centers there.

12. Find out More
Visit www.investict.md and
Open the Business to Business ICT Portal www.b2b.ict.md and find a partner
Get in Touch
Download ICT Whitepaper, Download the PowerPoint presentation, Dowload the PDF
Brochure
Look for contacts and partnerships on the B2B directory of moldovan ICT companies.
Ministry of Information Technology and Communications
+373 22 251 175 & contact@investict.md
www.mtic.gov.md
Moldovan Association of Private ICT Companies
+373 22 887 000 & office@ict.md
www.ict.md

13. Thank you for your time!
If you need additional information, feel free to contact us:
Dona Scola, Deputy Minister,
Ministry of Information Technology and Communications
Address: Moldova, Chisinau, Stefan cel Mare str. 134
Email: contact@investict.md
Website: www.investict.md
Phone: +373 22 251 175
www.investict.md