SlideShare a Scribd company logo
Republic of Moldova:
geo economically advantageous position
Republic of Moldova, overview
Government
Population
Literate Population
Working-age
Population
Unemployment rate
Annual Inflation
Rate
GDP in current prices
GDP annual growth rate
Republic, Declaration of Independence
August 27, 1991
3.56 million people
96%
2.37 million people
5.1% (2013)
4.9% (2013)
7.65 billion USD (2013)
8.9% (2013)
7%
24%
17%
52%
Services
constroction
trade & vehicles' reparation
transport & communication
other services
Other services include: hotels &
restaurants, financial services, real
estate, public administration;
education, health, other social &
personal services
Priority industries
Food and Beverage
Industry
Manufacture of
packing from glass
and a cardboard
Light industry
Manufacture of
machinery and
equipment
Chemical industry
Information
Technology Industry
45,5%
6,7%
9,3%
2,8%
1,7%
0,9%
The structure of the sector
Light industry
Manufacture of
textiles and wearing
apparel
Manufact
ure of
textiles
Manufact
ure of
wearing
apparel
Manufacture of
leather, leather
products and
footwear The share of exports
Trade Partners (2013, mil. $)
Export: 2399 mil. $
EU: 1141.9 (47.6%)
CIS: 923.6 (38.5%)
Import: 5492.7 mil. $
EU: 2471.7 (45%)
CIS: 1669.8 (30.4%)
843.8
1020.2 1258.3 1843.7 2566.6 2649.6 2837.5
3111.5 3270.7
3668.3
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Foreign Direct Investment in Moldova
0
200
400
600
800
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
146.2 190.7 239.7
533.6
712.8
127.8
198.9
274
159.2
231.3
Cumulative FDI stock (mil. $)
Annually FDI net inflow (mil. $)
FDI Origin
Netherlands 17,6%
Cyprus 11,2%
Italy 7,7%
Germany 8,7%
Russia 19,7%
Romania 6,4%
UK 3,4%
France 2,9%
USA 3,2%
Others 19,2%
FDI Structure
Financial Services;
20,4%
Wholesale and
retail trade; 17,1%
Manufacturing
Industry; 14,0%
Real-estate
transactions;
16,8%
Transport and
Communications
7,4%
Electricity, Water
and Gas; 19,3%
Hotel and
Reastaurants; 1,1%
Construction; 1,1%
Agriculture; 0,9% Others; 1,9%
Speech by the President of the
European Council Herman Van
Rompuy at the Republic Palace,
Chisinau, Moldova:
• “Our bilateral trade, despite the
global economic crisis, has gone
up by a third. In the World Bank
ranking for "Ease of doing
business", Moldova has moved up
ten places; and seven places in
the corruption index of
Transparency International.”
• “Due to EU financial support Moldovan economy has grown four times. The European Union will
continue to help with financial and technical support. More foreign investment will flow in
Moldova.”
• “Moldovan products are already popular on the European market. Your
wine is doing marvels, even in France! The Association
Agreement will be like the wine maturing in Cricova: getting even better
with time!”
Fiscal incentives
A. Incentives when starting a business
 VAT refund for capital expenses on long-term
investments, except for housing and vehicles
 VAT and customs tax exemption for assets to be
included in the share capital of the company
B. Benefits when operating
 12% Corporate Income Tax – since 2012, with
incentives for investors
 Farming enterprises – 7% CIT rate
 Double Taxation Avoidance Agreements (DTAA)
with 44 countries
Corporate Income Tax in the Region
Romania 16% flat rate
Ukraine 30% for non-residents
Bulgaria 10%
International Collaboration Benefits of the RM
EU
501 mil.
people
CEFTA
31 mil.
people
CIS
276 mil.
people
Member of
WTO
Member of
CEFTA
EU
Autonomous
Trade
Preferences
Member of
CIS
EU
Free Trade &
Association
Agreement
2014
Free Economic Zones
50% corporate
income tax rate
VAT exemption
Exemption from excise
duties
Developed transport
infrastructure
Availability of
necessary resources
Industrial Parks
13 projects of industrial parks creation
3 Parks under construction
Support on central
and local level
Free change of land use
Free transfer of state land to the
company administrator
 Favourable geographical position and equal rights for all investors
 Proximity to large world markets (European Union and Community of Independent States)
 Platform for manufacturing and exporting to both the CIS and the EU
 Competitive general corporate income tax rate in the region – 12%
 Tax and customs framework similar to that of the EU
 Tax incentives for large investments and a decreasing tax burden. Companies investing in
excess of $ 250,000 can get a reduction in corporate income tax payable for up to five years.
 Considerable network of Investment Protection Agreements and improved legal
framework regulating entrepreneurial activity
 Investment opportunities via privatisation of public property and public-private partnership
 Market access through 4+1 FTA: WTO members (worldwide); Autonomous Trade Preferences
(EU countries); CEFTA members (most Balkan countries); CIS members; Free Trade
Agreement with all EU countries after the 27th of June, 2014 (plus Association Agreement)
 Free Economic Zones incentives and Industrial Parks opportunities
 Well-skilled multilingual workforce and relatively low employment costs
 Favourable visa regime for 91 countries (NO VISA for EU countries, CIS, Turkey, Israel,
Dominica, Malaysia, Togo, Kenya visa on arrival only, Bangladesh visa on arrival, etc.)
 Logistical, transport and communication infrastructure
 Access to the Black Sea through Giurgiulesti International Free Port
 Stable Economy: the exchange rate of the Moldovan Leu, the national currency of Moldova,
against the US Dollar has oscillated mainly between 10 - 13 MDL during the past 10 years.
THE WORLD FAMOUS
Milestii Mici
Largest wine cellar by number of bottles
19
The cellars of the Milestii Mici wine-making plant in Moldova contain over 1.5 million
bottles of wine. The bottles are stored in 55 km (34 miles) of underground galleries
excavated in lime mining operations. The first bottle was stored in 1968, and new
vintages are added each year.
Cricova – Moldova’s underground treasure
In just 15 km North of Chisinau, lays a of subterran city, a labyrinth of avenues and
streets, named after wine types. Cricova’s museum stores the country’s national
collection of 1.3 millions of bottles, the oldest one being from 1902.
20
Investment and Business Opportunities in the Republic of Moldova

More Related Content

What's hot

Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...
Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...
Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...
Brussels Briefings (brusselsbriefings.net)
 
A new basis for international shipping
A new basis for international shippingA new basis for international shipping
A new basis for international shipping
Medhat Saad Eldin
 
VIETNAMESE MARKET ANALYSIS Practical and Legal Perspective
VIETNAMESE MARKET ANALYSIS Practical and Legal PerspectiveVIETNAMESE MARKET ANALYSIS Practical and Legal Perspective
VIETNAMESE MARKET ANALYSIS Practical and Legal Perspective
Dr. Oliver Massmann
 
Provisions of wto favouring developed nations
Provisions of wto favouring developed nationsProvisions of wto favouring developed nations
Provisions of wto favouring developed nationsjyotish99
 
Eu customs report 2010
Eu customs report 2010Eu customs report 2010
Eu customs report 2010
Medhat Saad Eldin
 
Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...
Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...
Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...
Dr. Oliver Massmann
 
CASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean Trade
CASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean TradeCASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean Trade
CASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean Trade
CASE Center for Social and Economic Research
 
Trade free
 Trade free Trade free
Trade free
Husnain Haider
 
trade free
trade freetrade free
trade free
Husnain Haider
 
Global container industry 2008 - 2009
Global container industry 2008 - 2009Global container industry 2008 - 2009
Global container industry 2008 - 2009
Medhat Saad Eldin
 
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin Analysis
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin AnalysisLawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin Analysis
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin Analysis
Dr. Oliver Massmann
 
VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...
VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...
VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...
Dr. Oliver Massmann
 
Fénix Directo sponsors the 2012 Internet Day
Fénix Directo sponsors the 2012 Internet DayFénix Directo sponsors the 2012 Internet Day
Fénix Directo sponsors the 2012 Internet Day
FÉNIX DIRECTO Seguros
 

What's hot (13)

Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...
Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...
Brussels Briefing 47: Sandra Gallina "New opportunities for regional trade wi...
 
A new basis for international shipping
A new basis for international shippingA new basis for international shipping
A new basis for international shipping
 
VIETNAMESE MARKET ANALYSIS Practical and Legal Perspective
VIETNAMESE MARKET ANALYSIS Practical and Legal PerspectiveVIETNAMESE MARKET ANALYSIS Practical and Legal Perspective
VIETNAMESE MARKET ANALYSIS Practical and Legal Perspective
 
Provisions of wto favouring developed nations
Provisions of wto favouring developed nationsProvisions of wto favouring developed nations
Provisions of wto favouring developed nations
 
Eu customs report 2010
Eu customs report 2010Eu customs report 2010
Eu customs report 2010
 
Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...
Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...
Lawyer in Vietnam Oliver Massmann EU Vietnam Free Trade Agreement Effect on S...
 
CASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean Trade
CASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean TradeCASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean Trade
CASE Network E-briefs 7.2010 - Prospects for Future Euro‐Mediterranean Trade
 
Trade free
 Trade free Trade free
Trade free
 
trade free
trade freetrade free
trade free
 
Global container industry 2008 - 2009
Global container industry 2008 - 2009Global container industry 2008 - 2009
Global container industry 2008 - 2009
 
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin Analysis
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin AnalysisLawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin Analysis
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin Analysis
 
VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...
VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...
VIETNAM AND ITS MAJOR TRADE PACTS OR HOW THE COUNTRY COULD HAVE DEEP IMPACT O...
 
Fénix Directo sponsors the 2012 Internet Day
Fénix Directo sponsors the 2012 Internet DayFénix Directo sponsors the 2012 Internet Day
Fénix Directo sponsors the 2012 Internet Day
 

Similar to Investment and Business Opportunities in the Republic of Moldova

2010 Invest In Macedonia
2010 Invest In Macedonia2010 Invest In Macedonia
2010 Invest In Macedoniafilippetkov
 
Business Climate and Investment Opportunities in the Republic of Macedonia
Business Climate and Investment Opportunities in the Republic of MacedoniaBusiness Climate and Investment Opportunities in the Republic of Macedonia
Business Climate and Investment Opportunities in the Republic of Macedonia
Jsurna
 
2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....
2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....
2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....Forum Velden
 
[GPATS 2013] Ivo Ivanovski - Master Presentation of Macedonia
[GPATS 2013] Ivo Ivanovski - Master Presentation of Macedonia[GPATS 2013] Ivo Ivanovski - Master Presentation of Macedonia
[GPATS 2013] Ivo Ivanovski - Master Presentation of MacedoniaAssespro Nacional
 
Mercosur
MercosurMercosur
Mercosurvdelima
 
12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...
12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...
12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...
The Business Council of Mongolia
 
PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...
PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...
PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...
The Business Council of Mongolia
 
Focus sul mercato serbo, verona 12 dicembre, 2014
Focus sul mercato serbo, verona 12 dicembre, 2014Focus sul mercato serbo, verona 12 dicembre, 2014
Focus sul mercato serbo, verona 12 dicembre, 2014
Strategia e Sviluppo Consultants
 
Trade Policy Implications of Global Value Chains
Trade Policy Implications of Global Value ChainsTrade Policy Implications of Global Value Chains
Trade Policy Implications of Global Value Chains
Dr Lendy Spires
 
Globalisation and the Indian Economy
Globalisation and the Indian EconomyGlobalisation and the Indian Economy
Globalisation and the Indian Economy
Nazal Noushad
 
Kingdom of morocco emerging economy
Kingdom of morocco  emerging economyKingdom of morocco  emerging economy
Kingdom of morocco emerging economy
Adil Diani
 
Non agriculture market_access_issues_and_concerns_for_india
Non agriculture market_access_issues_and_concerns_for_indiaNon agriculture market_access_issues_and_concerns_for_india
Non agriculture market_access_issues_and_concerns_for_india
Yogesh Bandhu
 
3 eso unit 7 answer key
3 eso unit 7 answer key3 eso unit 7 answer key
3 eso unit 7 answer key
Rubén López
 
BSEF 2013 invest Giorgi_Pertaia
BSEF 2013 invest Giorgi_PertaiaBSEF 2013 invest Giorgi_Pertaia
BSEF 2013 invest Giorgi_Pertaiablackseaforum
 
Wto
WtoWto
Wto
WtoWto
Djibouti an open gate to comesa
Djibouti an open gate to comesaDjibouti an open gate to comesa
Djibouti an open gate to comesaccd-dj
 
Future Watch: Asia trade deals
Future Watch: Asia trade dealsFuture Watch: Asia trade deals
Future Watch: Asia trade deals
Soile Ollila
 

Similar to Investment and Business Opportunities in the Republic of Moldova (20)

2010 Invest In Macedonia
2010 Invest In Macedonia2010 Invest In Macedonia
2010 Invest In Macedonia
 
Serbia
SerbiaSerbia
Serbia
 
Business Climate and Investment Opportunities in the Republic of Macedonia
Business Climate and Investment Opportunities in the Republic of MacedoniaBusiness Climate and Investment Opportunities in the Republic of Macedonia
Business Climate and Investment Opportunities in the Republic of Macedonia
 
Global parliamentary-network-oct2014 g20-trade
Global parliamentary-network-oct2014 g20-tradeGlobal parliamentary-network-oct2014 g20-trade
Global parliamentary-network-oct2014 g20-trade
 
2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....
2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....
2007. Nebojša Ciric. Investment Climate in Serbia. CEE-Wirtschaftsforum 2007....
 
[GPATS 2013] Ivo Ivanovski - Master Presentation of Macedonia
[GPATS 2013] Ivo Ivanovski - Master Presentation of Macedonia[GPATS 2013] Ivo Ivanovski - Master Presentation of Macedonia
[GPATS 2013] Ivo Ivanovski - Master Presentation of Macedonia
 
Mercosur
MercosurMercosur
Mercosur
 
12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...
12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...
12.10.2011 Introduction to the EBRD's trade facilitation programme (TFP) ant ...
 
PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...
PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...
PRESENTATION, Introduction to the ebrd's trade facilitation programme (tfp) a...
 
Focus sul mercato serbo, verona 12 dicembre, 2014
Focus sul mercato serbo, verona 12 dicembre, 2014Focus sul mercato serbo, verona 12 dicembre, 2014
Focus sul mercato serbo, verona 12 dicembre, 2014
 
Trade Policy Implications of Global Value Chains
Trade Policy Implications of Global Value ChainsTrade Policy Implications of Global Value Chains
Trade Policy Implications of Global Value Chains
 
Globalisation and the Indian Economy
Globalisation and the Indian EconomyGlobalisation and the Indian Economy
Globalisation and the Indian Economy
 
Kingdom of morocco emerging economy
Kingdom of morocco  emerging economyKingdom of morocco  emerging economy
Kingdom of morocco emerging economy
 
Non agriculture market_access_issues_and_concerns_for_india
Non agriculture market_access_issues_and_concerns_for_indiaNon agriculture market_access_issues_and_concerns_for_india
Non agriculture market_access_issues_and_concerns_for_india
 
3 eso unit 7 answer key
3 eso unit 7 answer key3 eso unit 7 answer key
3 eso unit 7 answer key
 
BSEF 2013 invest Giorgi_Pertaia
BSEF 2013 invest Giorgi_PertaiaBSEF 2013 invest Giorgi_Pertaia
BSEF 2013 invest Giorgi_Pertaia
 
Wto
WtoWto
Wto
 
Wto
WtoWto
Wto
 
Djibouti an open gate to comesa
Djibouti an open gate to comesaDjibouti an open gate to comesa
Djibouti an open gate to comesa
 
Future Watch: Asia trade deals
Future Watch: Asia trade dealsFuture Watch: Asia trade deals
Future Watch: Asia trade deals
 

Recently uploaded

Bitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXOBitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXO
Matjaž Lipuš
 
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Sebastiano Panichella
 
Media as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern EraMedia as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern Era
faizulhassanfaiz1670
 
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdfBonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
khadija278284
 
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsCollapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Rosie Wells
 
Gregory Harris - Cycle 2 - Civics Presentation
Gregory Harris - Cycle 2 - Civics PresentationGregory Harris - Cycle 2 - Civics Presentation
Gregory Harris - Cycle 2 - Civics Presentation
gharris9
 
Tom tresser burning issue.pptx My Burning issue
Tom tresser burning issue.pptx My Burning issueTom tresser burning issue.pptx My Burning issue
Tom tresser burning issue.pptx My Burning issue
amekonnen
 
Gregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptxGregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptx
gharris9
 
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptxsomanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
Howard Spence
 
Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024
Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024
Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024
Dutch Power
 
AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...
AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...
AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...
AwangAniqkmals
 
International Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software TestingInternational Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software Testing
Sebastiano Panichella
 
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdfSupercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Access Innovations, Inc.
 
Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024
Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024
Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024
Dutch Power
 
María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024
eCommerce Institute
 
Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...
Sebastiano Panichella
 
2024-05-30_meetup_devops_aix-marseille.pdf
2024-05-30_meetup_devops_aix-marseille.pdf2024-05-30_meetup_devops_aix-marseille.pdf
2024-05-30_meetup_devops_aix-marseille.pdf
Frederic Leger
 
Obesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditionsObesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditions
Faculty of Medicine And Health Sciences
 
Burning Issue Presentation By Kenmaryon.pdf
Burning Issue Presentation By Kenmaryon.pdfBurning Issue Presentation By Kenmaryon.pdf
Burning Issue Presentation By Kenmaryon.pdf
kkirkland2
 

Recently uploaded (19)

Bitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXOBitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXO
 
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
 
Media as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern EraMedia as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern Era
 
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdfBonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
 
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsCollapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
 
Gregory Harris - Cycle 2 - Civics Presentation
Gregory Harris - Cycle 2 - Civics PresentationGregory Harris - Cycle 2 - Civics Presentation
Gregory Harris - Cycle 2 - Civics Presentation
 
Tom tresser burning issue.pptx My Burning issue
Tom tresser burning issue.pptx My Burning issueTom tresser burning issue.pptx My Burning issue
Tom tresser burning issue.pptx My Burning issue
 
Gregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptxGregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptx
 
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptxsomanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
 
Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024
Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024
Presentatie 4. Jochen Cremer - TU Delft 28 mei 2024
 
AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...
AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...
AWANG ANIQKMALBIN AWANG TAJUDIN B22080004 ASSIGNMENT 2 MPU3193 PHILOSOPHY AND...
 
International Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software TestingInternational Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software Testing
 
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdfSupercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
 
Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024
Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024
Presentatie 8. Joost van der Linde & Daniel Anderton - Eliq 28 mei 2024
 
María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024
 
Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...
 
2024-05-30_meetup_devops_aix-marseille.pdf
2024-05-30_meetup_devops_aix-marseille.pdf2024-05-30_meetup_devops_aix-marseille.pdf
2024-05-30_meetup_devops_aix-marseille.pdf
 
Obesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditionsObesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditions
 
Burning Issue Presentation By Kenmaryon.pdf
Burning Issue Presentation By Kenmaryon.pdfBurning Issue Presentation By Kenmaryon.pdf
Burning Issue Presentation By Kenmaryon.pdf
 

Investment and Business Opportunities in the Republic of Moldova

  • 1.
  • 2. Republic of Moldova: geo economically advantageous position
  • 3. Republic of Moldova, overview Government Population Literate Population Working-age Population Unemployment rate Annual Inflation Rate GDP in current prices GDP annual growth rate Republic, Declaration of Independence August 27, 1991 3.56 million people 96% 2.37 million people 5.1% (2013) 4.9% (2013) 7.65 billion USD (2013) 8.9% (2013)
  • 4. 7% 24% 17% 52% Services constroction trade & vehicles' reparation transport & communication other services Other services include: hotels & restaurants, financial services, real estate, public administration; education, health, other social & personal services
  • 5. Priority industries Food and Beverage Industry Manufacture of packing from glass and a cardboard Light industry Manufacture of machinery and equipment Chemical industry Information Technology Industry 45,5% 6,7% 9,3% 2,8% 1,7% 0,9%
  • 6. The structure of the sector Light industry Manufacture of textiles and wearing apparel Manufact ure of textiles Manufact ure of wearing apparel Manufacture of leather, leather products and footwear The share of exports
  • 7. Trade Partners (2013, mil. $) Export: 2399 mil. $ EU: 1141.9 (47.6%) CIS: 923.6 (38.5%) Import: 5492.7 mil. $ EU: 2471.7 (45%) CIS: 1669.8 (30.4%)
  • 8. 843.8 1020.2 1258.3 1843.7 2566.6 2649.6 2837.5 3111.5 3270.7 3668.3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Foreign Direct Investment in Moldova 0 200 400 600 800 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 146.2 190.7 239.7 533.6 712.8 127.8 198.9 274 159.2 231.3 Cumulative FDI stock (mil. $) Annually FDI net inflow (mil. $)
  • 9. FDI Origin Netherlands 17,6% Cyprus 11,2% Italy 7,7% Germany 8,7% Russia 19,7% Romania 6,4% UK 3,4% France 2,9% USA 3,2% Others 19,2%
  • 10. FDI Structure Financial Services; 20,4% Wholesale and retail trade; 17,1% Manufacturing Industry; 14,0% Real-estate transactions; 16,8% Transport and Communications 7,4% Electricity, Water and Gas; 19,3% Hotel and Reastaurants; 1,1% Construction; 1,1% Agriculture; 0,9% Others; 1,9%
  • 11. Speech by the President of the European Council Herman Van Rompuy at the Republic Palace, Chisinau, Moldova: • “Our bilateral trade, despite the global economic crisis, has gone up by a third. In the World Bank ranking for "Ease of doing business", Moldova has moved up ten places; and seven places in the corruption index of Transparency International.” • “Due to EU financial support Moldovan economy has grown four times. The European Union will continue to help with financial and technical support. More foreign investment will flow in Moldova.” • “Moldovan products are already popular on the European market. Your wine is doing marvels, even in France! The Association Agreement will be like the wine maturing in Cricova: getting even better with time!”
  • 12.
  • 13.
  • 14. Fiscal incentives A. Incentives when starting a business  VAT refund for capital expenses on long-term investments, except for housing and vehicles  VAT and customs tax exemption for assets to be included in the share capital of the company B. Benefits when operating  12% Corporate Income Tax – since 2012, with incentives for investors  Farming enterprises – 7% CIT rate  Double Taxation Avoidance Agreements (DTAA) with 44 countries Corporate Income Tax in the Region Romania 16% flat rate Ukraine 30% for non-residents Bulgaria 10%
  • 15. International Collaboration Benefits of the RM EU 501 mil. people CEFTA 31 mil. people CIS 276 mil. people Member of WTO Member of CEFTA EU Autonomous Trade Preferences Member of CIS EU Free Trade & Association Agreement 2014
  • 16. Free Economic Zones 50% corporate income tax rate VAT exemption Exemption from excise duties Developed transport infrastructure Availability of necessary resources
  • 17. Industrial Parks 13 projects of industrial parks creation 3 Parks under construction Support on central and local level Free change of land use Free transfer of state land to the company administrator
  • 18.  Favourable geographical position and equal rights for all investors  Proximity to large world markets (European Union and Community of Independent States)  Platform for manufacturing and exporting to both the CIS and the EU  Competitive general corporate income tax rate in the region – 12%  Tax and customs framework similar to that of the EU  Tax incentives for large investments and a decreasing tax burden. Companies investing in excess of $ 250,000 can get a reduction in corporate income tax payable for up to five years.  Considerable network of Investment Protection Agreements and improved legal framework regulating entrepreneurial activity  Investment opportunities via privatisation of public property and public-private partnership  Market access through 4+1 FTA: WTO members (worldwide); Autonomous Trade Preferences (EU countries); CEFTA members (most Balkan countries); CIS members; Free Trade Agreement with all EU countries after the 27th of June, 2014 (plus Association Agreement)  Free Economic Zones incentives and Industrial Parks opportunities  Well-skilled multilingual workforce and relatively low employment costs  Favourable visa regime for 91 countries (NO VISA for EU countries, CIS, Turkey, Israel, Dominica, Malaysia, Togo, Kenya visa on arrival only, Bangladesh visa on arrival, etc.)  Logistical, transport and communication infrastructure  Access to the Black Sea through Giurgiulesti International Free Port  Stable Economy: the exchange rate of the Moldovan Leu, the national currency of Moldova, against the US Dollar has oscillated mainly between 10 - 13 MDL during the past 10 years.
  • 19. THE WORLD FAMOUS Milestii Mici Largest wine cellar by number of bottles 19 The cellars of the Milestii Mici wine-making plant in Moldova contain over 1.5 million bottles of wine. The bottles are stored in 55 km (34 miles) of underground galleries excavated in lime mining operations. The first bottle was stored in 1968, and new vintages are added each year.
  • 20. Cricova – Moldova’s underground treasure In just 15 km North of Chisinau, lays a of subterran city, a labyrinth of avenues and streets, named after wine types. Cricova’s museum stores the country’s national collection of 1.3 millions of bottles, the oldest one being from 1902. 20

Editor's Notes

  1. Рад приветствовать вас сегодня на этой встрече. В своем обращении, я вкратце ознакомлю Вас со структурой и динамикой национальной экономики и новым подходом к экономической модели нашей страны в посткризисный период. И, конечно же, с наиболее важным – с инвестиционными и деловыми возможностями в Молдове. Хочу подчеркнуть здесь, благоприятное размещение Молдовы в гео-экономическом пространстве. Находящаяся между Украиной и Румынией, наша страна является своеобразным мостом между Востоком и Западом, соединяющим порядка 800 млн. жителей.
  2. According to Strategy of development of the industry for the period to the year of 2015: The priority industries of the RM are: food and beverage industry, light industry, manufacture of packing from glass and a cardboard, chemical industry, manufacture of machinery and equipment and Information Technology Industry. The largest share in total amount of industrial production is occupied by Food and Beverage Industry and it makes 45,5 %, light industry occupies 7,0 %. In light industry the largest share - 80.5%, is occupied by the sector of manufacture of textile materials and products from them.
  3. The sector structure: - Manufacture of textiles (knitted fabrics and carpets); - Manufacture of wearing apparel; - Manufacture of leather, leather products and footwear. It should be mentioned that the garment sector is leading the light industry sector, its share in total amount of light industrial products is about 48.4%. Behind it is the textile sub-sector - 32.1% and the manufacture of leather, leather products and footwear - 19.5%.
  4. В течение 7 лет с 2002 по 2008 год прямые иностранные инвестиции выросли с 84 млн. долл. США в 2002 году до 712,8 млн. $ в 2008 году. Но, из-за мирового финансового кризиса приток прямых иностранных инвестиций значительно снизился и в 2009 году составил лишь 127,8 млн. $. Согласно данным Национального банка Молдовы в 2010 году этот показатель составил 198,9 млн. дол. США, а в первом полугодии 2011 года – 152 млн. дол. США. Налицо тенденция постепенного увеличения притока зарубежных инвестиций. В то же время общий объем ПИИ увеличился с 549 млн. долл. США. $ в 2001 году до более 3,1 млрд. долларов. $ в 2011 году, еще раз доказав, что страна является благоприятным направлением для вложений средств иностранных инвесторов.
  5. Оценивая инвестиционный процесс в Республике Молдова необходимо отметить что данные, полученные от Национального бюро статистики об иностранных инвестициях, осуществленных в 2011 году отличаются от данных предыдущих лет, поскольку с 2011 года, в соответствии с указаниями международных организаций, изменилась методология их учета. Так, в объеме привлеченных иностранных инвестиций с первого квартала т.г. начали учитываться не только долгосрочные иностранные инвестиции, но и краткосрочные инвестиции, долги перед учредителями и пр. Например, в отчет за первое полугодие 2011 г. была включена сумма краткосрочной задолженности Республики Молдова за газ, поставленный Российской Федерацией. Вследствие этого изменения методологии, доля России в структуре иностранных инвестиций резко увеличилась и она оказалась самым крупным инвестором в национальную экономику.
  6. Секторами, в которые в первую очередь направляется наибольший объем инвестиций, являются: финансовые услуги 20,4%, электроэнергия, газ и вода 19,3%, оптовая и розничная торговля 17,1%, перерабатывающая промышленность 14,0%, сделки с недвижимостью 16,8% . Также инвестиции направляются в такие сферы как транспорт и связь 7,4%, строительство 1,1%, отели и рестораны 1,1%. Но данная структура инвестиций нас не радует. Необходимо увеличить инвестиции в производственную сферу. Также нужно отметить практическое отсутствие интереса инвесторов к сельскому хозяйству.
  7. Для инвестирования в Молдову используется широкий спектр налоговых льгот предоставляемых иностранным инвесторам: * Возмещение НДС на  товары и услуги, связанные с долгосрочными инвестициями (расходами капитала) произведенными во всех регионах республики, за исключением городов Кишинева и Бельц (это возмещение в Кишиневе и Бельцах вводится с 2012 года ). Не возмещаются долгосрочные инвестиции на покупку жилья и автомобилей; *освобождение имущества от НДС и таможенных пошлин, в случае его включения в уставный капитал компании; * закупка оборудования и материалов посредством лизинга, рассрочка оплаты стоимости оборудования, освобождаются от ввозной пошлины и оплаты НДС, соответственно. Помимо этого имеются: * Соглашения об избежании двойного налогообложения, заключенные с 39 государствами * Также инвесторам предоставляется  возможность в полной мере использовать доходы.
  8. И в заключение хочу поделиться с вами сведениями о некоторых достояниях нашего народа. Среди них винзавод «Milestii Mici» с крупнейшим винным подвалом. Подвалы Milestii Mici хранят более 1.5 миллиона бутылок вина. Бутылки хранятся в подземных галереях, протяженностью 55 км (34 мили), выкопанных в известняке. Первая бутылка хранится с 1968 года. Коллекция обновляется каждый год.
  9. Еще одно достояние народа это Криковские подвалы– подземное сокровище Молдовы, находящиеся всего лишь в 15 км к северу от Кишинева с лабиринтом улиц, названных в честь винных типов. Музей Крикова хранит национальные коллекционные вина количеством 1.3 миллионов бутылок, старейшая из них с 1902.