The document provides an overview of key facts about the Republic of Moldova. It discusses the country's population, GDP, trade partners, foreign direct investment, and priority industries. Moldova has a population of 3.56 million people, with GDP in 2013 of $7.65 billion and annual growth of 8.9%. Its main trade partners are the EU (47.6% of exports) and CIS countries (38.5% of exports). Foreign direct investment has been increasing, with the largest sources being Netherlands, Cyprus, and Italy. Priority industries include food and beverages, manufacturing, and information technology.
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The UAE is a white listed onshore jurisdiction that offers business opportunities that exist
only in mature industrial and financial hubs. International Businesses moving to the UAE find
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The Agreement on Trade Facilitation (TFA) of the World Trade Organization (WTO), reached
in Bali, Indonesia in 2013, represents a great opportunity for developing countries.
Experience shows that trade facilitation reforms improve a country’s trade competitiveness
and enhance its revenue collection. What is more, they can help advance development
goals such as strengthening governance and formalizing the informal sector. In
addition, since many trade facilitation-related challenges and solutions are regional, the
implementation of such solutions can boost regional integration.
This policy brief examines the potential impact that trade facilitation reforms can have
on trade competitiveness and development, including a number of specific Sustainable
Development Goals (SDGs), and on revenue collection and other public policy objectives.
It identifies the policies necessary for developing countries to reap the full developmentrelated
benefits of trade facilitation reforms. UNCTAD’s research and experience with
technical assistance programmes have shown that trade facilitation reforms should be
comprehensive and ambitious. Trade facilitation should also be linked to investments in
transport infrastructure and other trade-supporting services. Given the linkages between
trade facilitation reforms and implementation capacities, development partners need to
focus their support on the most vulnerable economies, making full use of the promises and
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The UAE is a white listed onshore jurisdiction that offers business opportunities that exist
only in mature industrial and financial hubs. International Businesses moving to the UAE find
themselves in a thriving market with excellent infrastructure.
The Agreement on Trade Facilitation (TFA) of the World Trade Organization (WTO), reached
in Bali, Indonesia in 2013, represents a great opportunity for developing countries.
Experience shows that trade facilitation reforms improve a country’s trade competitiveness
and enhance its revenue collection. What is more, they can help advance development
goals such as strengthening governance and formalizing the informal sector. In
addition, since many trade facilitation-related challenges and solutions are regional, the
implementation of such solutions can boost regional integration.
This policy brief examines the potential impact that trade facilitation reforms can have
on trade competitiveness and development, including a number of specific Sustainable
Development Goals (SDGs), and on revenue collection and other public policy objectives.
It identifies the policies necessary for developing countries to reap the full developmentrelated
benefits of trade facilitation reforms. UNCTAD’s research and experience with
technical assistance programmes have shown that trade facilitation reforms should be
comprehensive and ambitious. Trade facilitation should also be linked to investments in
transport infrastructure and other trade-supporting services. Given the linkages between
trade facilitation reforms and implementation capacities, development partners need to
focus their support on the most vulnerable economies, making full use of the promises and
possibilities for technical assistance provided by the TFA.
The Brussels Development Briefing n.47 on the subject of “Regional Trade in Africa: Drivers, Trends and Opportunities” took place on 3rd February 2017 in Brussels at the ACP Secretariat (Avenue Georges Henri 451, 1200 Brussels) from 09:00 to 13:00. This Briefing was organised by the ACP-EU Technical Centre for Agricultural and Rural Cooperation (CTA), in collaboration with IFPRI, the European Commission / DEVCO, the ACP Secretariat, and CONCORD .
Recent policies guiding economic and trade relations between the European Union (EU) and countries of the Mediterranean were aimed at creating an area of shared prosperity. The process started in the late 1970’s with the establishment of Cooperation Agreements between the EU and many countries of the Mediterranean region. The goal was to create a free trade area. This initiative gained speed in the mid‐1990’s with the launch of the Barcelona Process (1995) which eventually upgraded most of these Cooperation Agreements into Association Agreements (AA). These AAs sought the gradual elimination of tariffs on a substantial share of trade between its signatories. At the same time, the EU supported the signing of bilateral agreements between countries of the Mediterranean in order to enhance South‐South integration.
Authored by: Luc De Wulf, Maryla Maliszewska
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Fénix Directo, pioneer company selling car insurance by telephone and internet, is one of the sponsors of the 2012 Internet Day, which will be held on May 17th. This initiative is driven by the Internet Users Association.
The Brussels Development Briefing n.47 on the subject of “Regional Trade in Africa: Drivers, Trends and Opportunities” took place on 3rd February 2017 in Brussels at the ACP Secretariat (Avenue Georges Henri 451, 1200 Brussels) from 09:00 to 13:00. This Briefing was organised by the ACP-EU Technical Centre for Agricultural and Rural Cooperation (CTA), in collaboration with IFPRI, the European Commission / DEVCO, the ACP Secretariat, and CONCORD .
Recent policies guiding economic and trade relations between the European Union (EU) and countries of the Mediterranean were aimed at creating an area of shared prosperity. The process started in the late 1970’s with the establishment of Cooperation Agreements between the EU and many countries of the Mediterranean region. The goal was to create a free trade area. This initiative gained speed in the mid‐1990’s with the launch of the Barcelona Process (1995) which eventually upgraded most of these Cooperation Agreements into Association Agreements (AA). These AAs sought the gradual elimination of tariffs on a substantial share of trade between its signatories. At the same time, the EU supported the signing of bilateral agreements between countries of the Mediterranean in order to enhance South‐South integration.
Authored by: Luc De Wulf, Maryla Maliszewska
Published in 2010
Fénix Directo, pioneer company selling car insurance by telephone and internet, is one of the sponsors of the 2012 Internet Day, which will be held on May 17th. This initiative is driven by the Internet Users Association.
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A key element of the Doha Round of trade negotiations is the liberalisation of trade in industrial products, commonly known as non-agricultural market access (NAMA). Negotiations under NAMA focus on market access for all products that are not covered under the negotiations on agriculture or services and aim to reduce, if not possible to completely eliminate, tariff and non-tariff barriers (NTBs) that restrict trade in these products. The framework adopted for modalities for negotiations under NAMA, known as the ‘July Package’, envisages reduction of industrial tariffs in both developed and developing countries, according to a formula that is yet to be agreed. These negotiations are important for developing countries, as these will determine the market access opportunities available to developing countries through which they can improve their growth prospects.
As per the WTO text on NAMA of December 6, 2008, the developing countries have been asked to undertake tariff reductions of 60 - 70 per cent while the developed countries are offering a reduction of only 20 - 30 per cent based on Swiss formula for tariff reduction which gives a coefficient of 8 for developed countries and 22 on an average for developing countries. The insistence on developing countries to cut their bound tariffs in NAMA or agriculture until they go below the applied levels along with the continuation of US practice of having a bound level that is twice its actual spending on agricultural domestic subsidies has been objected by India and China.
India desires that the modalities for tariff cuts should reflect the mandate of less than full reciprocity in reduction commitments and comparability in ambition between NAMA and Agriculture.
So far as the tariff reduction is concerned, it may be mentioned that the Swiss formula should not be used for making commitments on tariff reduction as it involves the use of an arbitrary coefficient, a, which can be manipulated by member countries. Even, the simple average formula has its own limitations. For instance, it overlooks the values that are either very high or very low and thus cannot solve the problem of tariff peaks.
The simplest way is to reduce the bound levels of developed countries to 5 or 10 per cent for all tariff lines as their industries have already developed. Otherwise, the developed countries can be asked to bring their bound tariff rates to 5 to 8 per cent for those tariff lines that cover at least 98 per cent of the potential exports, and not the actual exports as that may be lower because of existing high import tariff or domestic support in importing country, of developing countries to developed countries. This potential of exports for developing countries can be calculated through revealed comparative advantage or by matching the developing countries exports and developed countries imports at different commodity classification levels.
This presentation, created by Syed Faiz ul Hassan, explores the profound influence of media on public perception and behavior. It delves into the evolution of media from oral traditions to modern digital and social media platforms. Key topics include the role of media in information propagation, socialization, crisis awareness, globalization, and education. The presentation also examines media influence through agenda setting, propaganda, and manipulative techniques used by advertisers and marketers. Furthermore, it highlights the impact of surveillance enabled by media technologies on personal behavior and preferences. Through this comprehensive overview, the presentation aims to shed light on how media shapes collective consciousness and public opinion.
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsRosie Wells
Insight: In a landscape where traditional narrative structures are giving way to fragmented and non-linear forms of storytelling, there lies immense potential for creativity and exploration.
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Their work is focused on developing meaningful and lasting connections that can drive social change.
Please download this presentation to enjoy the hyperlinks!
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%)
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
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.
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.
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%.
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.
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.
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.
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.
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.
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.