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Business images of Moldova

Economy of Moldova

The economy of Moldova is an emerging upper-middle income economy, with a high Human Development Index.Moldova is a landlocked Eastern European country, bordered by Ukraine on the East and Romania to the West. It is a former Soviet republic and today a candidate member to the European Union.

Top Sectors in Moldova

Agricultura in Moldova

Moldova is an agrarian-industrial state, with agricultural land occupying 2,499,000 hectares in a total area of 3,384,600 hectares. It is estimated that 1,810,500 of these hectares are arable. Moldova is located in Eastern Europe, and is landlocked, bordering Romania and Ukraine. Moldova's agricultural sector benefits from a geographical proximity to large markets, namely the European Union. As a share of GDP, agriculture has declined from 56% in 1995 to 13.8% in 2013 Data from 2015 estimated that agriculture accounted for 12% of Moldova's GDP. Agriculture as a sector is export-oriented, with the composition of Moldova's total exports containing agriculture and the agri-food sector as a main component. 70% of agri-food exports in 2012 included beverages, edible fruits and nuts, oilseeds, vegetable preparations and cereals.Here, fruits, vegetables and nuts were attributed to 33% of Moldova's exports for 2011-2013.Moldova is also one of the top ten apple exporters in the world. However, because of the long-term emphasis on fruit, vegetables are often imported.

Tourism in Moldova

Tourism in the Republic of Moldova focuses on the country's natural landscapes and its history. Wine tours are offered to tourists across the country. Vineyards/cellars include Cricova, Purcari, Ciumai, Romanești, Cojușna, Mileștii Mici. In 2015, Moldova received 2.85 million visitors.

Transportation in Moldova

The main means of transportation in Moldova were railways (1,138 km or 707 mi) and a highway system (12,730 km or 7,910 mi overall, including 10,973 km or 6,818 mi of paved surfaces). The major railway junctions are Chișinău, Bender, Ungheni, Ocnița (Oknitsa, in Russian), Bălți, and Basarabeasca (Bessarabka, in Russian). Primary external rail links connect the republic's network with Odesa (in Ukraine) on the Black Sea and with the Romanian cities of Iași and Galați; they also lead northward into Ukraine. Highways link Moldova's main cities and provide the chief means of transportation within the country, but roads are in poor repair. The country's major airport is in Chișinău.Shipping is possible on the lower Prut and Nistru rivers, but water transportation plays only a modest role in the country's transportation system. In 1990 a total of 317 million tonkilometers of freight were carried on inland waterways as compared with 15,007 million ton-kilometers on railways and 1,673 million ton-kilometers on roads.

Energy in Moldova

Energy in Moldova describes energy and electricity production, consumption and import in Moldova.Moldova lacks domestic sources of fossil energy and must import substantial amounts of petroleum, coal, natural gas, and other energy resources. Primary energy supply in 2018 was about half natural gas, a quarter oil and solid biomass one-fifth.Renewable energy has expanded rapidly and Moldova is seeking to diversify sources of energy and cease purchasing from Russia.


Moldova - Key Economic Indicators

Exports & Imports

Moldova's exports reached $4.94 billion in 2022, with key products like refined petroleum, insulated wires, and agricultural goods like corn and sunflower seeds. Imports were significantly higher at $9.41 billion, with machinery, fuels, and vehicles being the main categories.

Balance of Trade

This gap between export and import values translates to a negative trade balance, meaning Moldova imports more than it exports.

Infrastructure Development

Moldova has over 16,000 kilometers of roads, but a significant portion requires improvement. The government is investing in road rehabilitation and new infrastructure projects like railways and bridges.

Fiscal Policy

The Moldovan government aims to balance its budget through a combination of spending cuts and tax reforms. This includes efforts to increase tax collection efficiency and attracting foreign investment.

Monetary Policy

The National Bank of Moldova is responsible for maintaining price stability. They utilize tools like setting interest rates and managing foreign exchange reserves to control inflation.

Trade Agreements

Moldova benefits from free trade agreements with the European Union and several other countries. These agreements reduce barriers to trade and encourage economic activity.

Environmental Regulations

Moldova has established environmental regulations to address air and water pollution, waste management, and natural resource protection. The country is continuously working to improve its environmental standards.

Tax System in Moldova

Corporate tax rate: Businesses in Moldova pay a flat corporate tax rate of 12%.
Sales tax (VAT): The standard Value Added Tax (VAT) rate in Moldova is 20%. However, some essential goods like bread and milk have a reduced rate of 8%, and certain items like cars may even be exempt.
Property tax: Property tax in Moldova depends on the type and location of the property. Generally, rates are moderate.
Payroll tax: Both employers and employees contribute to social security in Moldova. Total contributions are around 35% of the salary.
Tax deductions and credits: Moldova offers tax deductions and credits for various purposes, including certain investments, documented business expenses, and social security contributions.
Tax compliance: The Moldovan tax administration is working on improving compliance, but challenges remain in the informal sector.
Tax burden: Compared to some neighboring countries, Moldova's overall tax burden is considered moderate.

894 Live Notices for Moldova ....

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"Rând Electronic" System Maintenance Services For The Year 2025
country Moldova
posting date20 Nov 2024
deadline26 Dec 2024
Corrective And Adaptive Maintenance Services For Spas Application Programs From The "Social Protection" Information System For The Year 2025.
country Moldova
posting date20 Nov 2024
deadline17 Dec 2024
Develop And Implement Of The Learning Recovery Programs For Mathematics And Romanian For 9Th Grade Students
country Moldova
posting date20 Nov 2024
deadline09 Dec 2024
Servicii De Organizare Și Desfășurare A Evenimentului Gala Comunităților Etnice
country Moldova
posting date20 Nov 2024
deadline04 Dec 2024
Fructe Și Legume Pentru Trimestrul I Anul 2025
country Moldova
posting date20 Nov 2024
deadline03 Dec 2024
Achiziționarea Aparatelor De Aer Condiționat
country Moldova
posting date20 Nov 2024
deadline25 Nov 2024
Produse Petroliere Pentru Anul 2025
country Moldova
posting date20 Nov 2024
deadline02 Dec 2024
Servicii De Mentenanță A Sistemului De Branhaterapie Bravos, Varian Medical Syistems
country Moldova
posting date20 Nov 2024
deadline11 Dec 2024
Consumabile Medicale Pentru Anul 2024
country Moldova
posting date20 Nov 2024
deadline25 Nov 2024
Produse Alimentare Pentru Anul 2025
country Moldova
posting date20 Nov 2024
deadline09 Dec 2024
Lucrări De Confecționare Și Montare A Elementelor Decorative În Or. Stăuceni
country Moldova
posting date20 Nov 2024
deadline02 Dec 2024
Lămpi Electrice Led 50W
country Moldova
posting date20 Nov 2024
deadline25 Nov 2024
,,Legume Și Fructe Proaspete”, Pentru Necesităţile Armatei Naţionale, În Anul 2025
country Moldova
posting date20 Nov 2024
deadline09 Dec 2024
Renovarea La Imsp Centrul De Sănătate Corten S. Corten, Raionul Taraclia
country Moldova
posting date20 Nov 2024
deadline02 Dec 2024
Vidioproiector, Aparate De Aer Conditionat, Imprimante Multifunctionale
country Moldova
posting date20 Nov 2024
deadline28 Nov 2024
Materiale De Constructie
country Moldova
posting date20 Nov 2024
deadline28 Nov 2024
Reabilitarea Parcului “Poienița Însorită” Inclusiv Restaurarea Conacului Demianovici A Zonei De Atracție Turistică În S.Miciurin, Raionul Drochia
country Moldova
posting date20 Nov 2024
deadline02 Dec 2024
Produse Alimentare 2025
country Moldova
posting date20 Nov 2024
deadline10 Dec 2024
Servicii De Curățenie Zilnică Pentru Anul 2025
country Moldova
posting date20 Nov 2024
deadline04 Dec 2024
Reparatia Panoului Electric
country Moldova
posting date20 Nov 2024
deadline03 Dec 2024

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