Moldova Tenders

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The economy of Moldova is an 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. On January 2, 1992, Moldova introduced a market economy, liberalising prices, which resulted in huge inflation. In 1993, a national currency, the Moldovan leu, was introduced to replace the Soviet ruble. The economic fortunes of Moldova began to change in 2001; since then the country has seen a steady annual growth of between 5% and 10%. Remittances from Moldovans abroad account for a quarter of Moldova's GDP, one of the highest percentages in the world.