Opportunities nearby

Republic of Moldova

Agriculture

ICT Textile, Apparel,Footwear and Leather goods

Automotive

Edi

tion

2016

/201

7

Renewable Energy

GUAMCEFTA

CISEU

ESP

FRA

GBR DEU

ITA

TUR

ROMHUNAUS

CZE

BGR

LTU

LVA

EST

GRC

POL

SWEFIN

NOR

BLR

RUS

KAZ

UZB

UKR

Free Trade Agreements signed with 43 countries, including:• DCFTA (Deep and Comprehensive Free Trade Area with the European Union) – 500 million customers;• FTA with CIS countries (Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan) – 250 million customers;• FTA with Turkey – 80 million customers; • CEFTA Central European Free Trade Agreement (Moldova, Macedonia, Albania, Serbia,

Montenegro, Bosnia and Herzegovina and UNMIK (Kosovo) – 30 million customers; • GUAM Organization for Democracy and Economic

Development (Georgia, Ukraine, Azerbaijan, and Moldova) – 60 million customers.

880 millionCustomersduty-freemarket

KEY FACTS

€ 4,514GDP per capita at PPP 2015

9.7%Inflation rate2015

€ 5.78 billion

GDP current prices2015

0 % CIT 0% DUTIES0% VAT

EXCISE CUSTOMS

in FEZ

> 1MIO Investment 6% FEZ 12% General regime

in FEZ

40.3%Employment rate 2015

Average wage (gross)2016

235€ /month344Doing Business2017 Rank

33,846 km2

Area

3.55 millionPopulation

1 EUR = 21.63 MDLDecember 2016

Currency MDL

Republic of MoldovaOfficial name

ca. 814,000 inhabitantsCapital Chisinau

LanguageRomanian (official)Other spoken languages: Russian, Ukrainian, English, French, German, Italian, Turkish, Bulgarian

1.80 Full load (labor cost)2016

€ /hour

Contents

Why Moldova ..........................................................................................................................2

Economic overview .................................................................................................................3

Available workforce .................................................................................................................4

Educational institutions ............................................................................................................5

Operational costs ....................................................................................................................6

Taxes & Customs ....................................................................................................................7

Trade potential ........................................................................................................................8

FDI facts ..................................................................................................................................9

Business start-up in Moldova ...............................................................................................10

Investment incentives ............................................................................................................11

Free Economic Zones & Industrial Parks ..............................................................................12

Success stories & Industrial competencies ..........................................................................14

2

Why Moldova?Whether you are looking to gain access to the Russian or European markets, optimize your operational costs, find skilled labor at competitive wages, relocate and still remain close to your distribution or assembly centers, Moldova is the country that meets your needs.

With some significant investors already producing and outsourcing to the country, there is a large range of opportunities for companies which are seeking new production opportunities and investments. Dräxlmaier AG, Lear Corporation, Confezione Andrea, Südzucker AG, Lactalis-Alba, Gebauer&Griller, Steinel Electronic, La-farge, Pentalog, Fujikura Automotive, SEBN and others already established their own plants in Moldova, or source from Moldova by making use of the local sub-contractors.

Moldova’s trade is largely liberalized to both the European Union and Com-monwealth of Independent States. Most important destinations in these markets can be reached within 2 truck days.

Moldova’s Free Economic Zones offer further incentives, including a corporate tax of 3–6% and total exemption from VAT and custom duties. They represent excellent manufacturing platforms offer-ing also state guarantees and adminis-trative support.

The workforce is skilled and multilingual. Labor costs are the lowest in the region, creating a competitive business environ-ment.

• The Giurgiulesti International Free Port is situated at km 133.8 from the Black Sea, on the maritime section of the river Danube;

• Link to the Pan-European transport Corridor VII – the Danube from Passau (Germany) to the Black Sea (2300 km long);

• 1138 km Railway network in Moldova (single track), with both wide and narrow track gauge;

• Direct connections to Ukraine and Romania (most important crossings at Ungheni (MD) – Iasi (RO), Cantemir (MD) – Falciu (RO) and Giurgiulesti (MD) – Galati (RO) ).

Bordered by Romania on one side and by Ukraine on the other, Moldova is close to both EU and CIS mar-kets. Moldova is connected via Airports, wide and narrow gauge railways, roads and the Danube River to the whole of Europe and the Black Sea.

Distances

ChișinăuMilanoLondon Vienna Moscow1200 km

Bucharest440 km1900 km2500 km 1300 km

Moldova is constantly improving its busi-ness climate, being well positioned in the Doing Business ranking (44 / 190 in 2017).

Top reasons to Invest in Moldova

3

Economic overviewOver the years 2011–2015, the average economic growth of the Republic of Moldova registered 3.9% per annum. The most dynamic sectors have been ICT, manufacturing industry, automotive industry and agriculture.

Historically, the largest industries in Moldova have been the manufacturing industry, agriculture and food processing, textile, apparel and footwear. The ICT sector is a rather new and fast growing sector for Moldova, with many foreign companies entering the market.

GDP in current prices, billion EUR

GDP per capita at PPP, EUR

The industry production reached 15.2% of GDP in 2015, while the agricultural production decreased to 12.0%. In 2015, the industrial production registered an increase of 0.6%, mainly driven by the growth of 2.3% of the manufacturing industry.

The production of electrical equipment has increased by 32.2%, followed by the production of textiles (+19.9%), significant intake was brought by the au-tomotive industry, and chemicals (+17.6%), pharma-ceuticals (+16.9), wood processing and wood articles (+15.9%), and others. A significant intake was brought by the automotive industry, which is one of the most dynamic industries in Moldova. Total export of auto-motive industry is over 257 million EUR (in 2015), with a growth of ca. 13%.

Share of industry in GDP, %

The agricultural sector has large potentials in pro-duction of fresh and processed fruits and vegeta-bles, wall nuts, honey, meat, dairy products and poultry. A strong potential is also located in the or-ganic and biological food production, due to the rich soil and appropriate climate.

The agricultural production registered a decrease of 13.8% in 2015, driven by the strong decrease of the vegetable production by 22.6% (due to a severe drought in summer). However, the life stock produc-tion registered a growth of 2.2% in 2015, mostly driven by the increase of cattle and poultry produc-tion by 5.6%.

Share of agriculture in GDP, %

2011 2012 2013 2014 2015

5

4

6

7

5.3575.559

6.0576.620

5.780

2011 2012 2013 2014 20152

4

5

3

2,554 2,581

4,149

4,514

2,852

2011 2012 2013 2014 201513

14

15

13.6

13.914.1

14.3

15.2

Source: IMF, World Economic Outlook Database, 2016.

Source: Ministry of Economy, Social-economic development of Moldova, 2016.

Source: IMF, World Economic Outlook Database, 2016.

2011 2012 2013 2014 20158

11

10

9

12

14

13

9.2

11.2

13.0 13.0

12.0

Source: Ministry of Economy, Social-economic development of Moldova, 2016.

4

47 secondary vocational institutions

45 post-secondary vocational institutions

31 higher education institutions

Available workforceMoldova’s population is an adaptable society, with 80% of the population multilingual and 33% of pop-ulation under 25.

Moldova successfully and peacefully merges such nationalities as Moldovans, Romanians, Rus-sians, Ukrainians, Gagauz, Bulgarian, and others. As well, Moldova’s population has a high degree of language skills in Romanian, Russian, English, French, German and other international languages. Moreover, the young population is looking to work with international companies and uses their com-petences and skills. The economically active pop-ulation consisted of around 1.267 million people in 2015.

Vocational education is an integral part of the na-tional education system oriented towards training and development of specific skills and competenc-es, in order to have prepared pool of workers for the national economy and foreign companies. Vo-cational education provides training in a profession according to the harmonized European framework of qualifications, as required by the labor market.

Chisinau

North

Center

South

353.9353.5

384.0356.1

329.1321.5

198.7201.3

2015 2014

Source: National Bureau of Statistics, Regional statistics.

Active population across regions, 1000 workers

Enrolled students and graduates of the upper secondary and higher education institutions, 2015/2016

Students Graduates

9,2206,252

16,098

30,428

81,669

23,630

17,828

67,397

14,272

5.802

Upper secondary education

Sec

onda

ry v

ocat

iona

l ins

titut

ions

Pos

t-se

cond

ary

voca

tiona

l ins

titut

ions

Tota

l

Bac

helo

r

Mas

ter

Higher education

5

VET

VET

VET

VET

VET

VET

VET

LEGEND

VETSecondary Vocational Institutions(vocational schools)

Post Secondary Vocational Institutions(colleges)

Higher Education Institutions(universities)

Edineţ

Briceni

Drochia

Soroca

Florești

Șoldănești

Fălești

UngheniCălărași

Strășeni

Orhei

Nisporeni

Căușeni

Anenii Noi

Rezina

Cahul

Criuleni

Ialoveni

Ocniţa

Dondușeni

Rîșcani

Glodeni

Sîngerei

Telenești

Hîncești

Ștefan VodăLeova

Cantemir

Taraclia

Cimișlia

VET x4

VET x2

VET x2

VET x2

x3VET

VET x26x19x12

x2VET x6x5

VET x3 x2

VET x2 x2

VET

VET

VET

VET

VET

VET

VET

VET

VET

VET

VET

CHISINAU

COMRAT

BĂLȚI

83.4 8.8 Anenii Noi

28.5 12.5 Basarabeasca

72.9 9.9 Briceni

124.6 39.6 Cahul

62.0 5.8 Cantemir

77.8 16.4 Calarasi

90.5 19.9 Causeni

60.1 14.3 Cimislia

42.9 8.5 Donduseni

87.4 10.4 Drochia

35.3 20.5 Dubasari

80.7 18.4 Edinet

91.5 16.9 Falesti

87.6 15.5 Floresti

59.6 11.3 Glodeni

120.2 17.3 Hincesti

101.3 16.4 Ialoveni

52.8 10.8 Leova

65.6 14.4 Nisporeni

54.0 9.4 Ocnita

125.0 33.7 Orhei

50.8 12.8 Rezina67.9 13.3 Riscani

92.2 14.8 Singerei

100.1 37.6 Soroca

92.3 20.7 Straseni

41.9 7.5 Soldanesti

70.4 8.5 Stefan Voda

43.6 14.9 Taraclia

72.6 8.1 Telenesti

117.3 38.4 Ungheni

Population

Population of the region

Population of region capital city

3553.1

814.1681.1

150.7145.8

Republic of Moldova,total

Chisinau municipality,

Balti municipality,

Chisinau city

Balti city

Population of ATU Gagauzia

161.9

26.2

22.9

16.7

ATU Gagauzia

Comrat municipality

Ciadir-Lunga

Vulcanesti

Population of Moldova in 2016, thousand people

Educational institutions in the Republic of Moldova

6

220€Moldova

368€Serbia

386€Albania

451€Bulgaria

506€Russia

521€Macedonia

576€Romania

750€Croatia

801€Hungary

921€Poland

1025€Slovakia959€

Czech Republic

658€Bosnia andHerzegovina

175€Ukraine

Operational costsMoldova offers a highly-skilled, competitively-priced

workforce. Labor costs are amongst the lowest in

the region and low enough to ensure cost-effective

operations.

Moldova’s labor force combines low-cost with high

productivity, thus reflecting the key factor for a strong

business performance.

The quality of the labor force also derives from the industrial

experience and history of the Republic of Moldova, as

it was one of the most industrialized republics in former

Soviet times.

Utility costs

Electricity Water Sewerage Gas

0.09–0.10EUR/kWh

0.726EUR/m3

0.586EUR/m3

0.34EUR/m3

Rental price

Moldova Romania Serbia

2–4 EUR/m2

0.8–2 EUR/m2

in FEZs

3.5–4.5 EUR/m2

4–5 EUR/m2

Source: Trading Economics, Wages, 2016.

Source: Eurostat, Statistics explained, 2015.

Moldova

Bulgaria

Romania

Hungary

Poland

Croatia

Slovakia

1.8

4.1

5.0

7.5

8.6

9.6

10.0

Production hall Spamol SRL (Alpha industries), Chisinau (Source: Spamol SRL)

Average monthly wages in comparison, EUR

Average hourly labor costs, EUR

7

TaxesThere are 47 operational Tax Treaties for Avoidance of Double Taxation concluded by Moldova with other jurisdictions. Although Moldova is not a mem-ber of the Economic Cooperation and Development Organization (OECD), Moldova applies OECD rules in interpreting Double Taxation Treaties.

Type of Tax

Tax Rate

Individualincome tax

7% < 29,640 MDL annual income < 18%

Corporateincome tax(CIT)

12%7% for farmers enterprises6% within FEZs3% within Free Port

Social security

6% for employee23% for employer

Healthinsurance

4.5% for employee4.5% for employer

VAT 20% standard rate 8% i.e. pharmaceutical 0% international transportation

Customs Moldova is a member of the World Trade Organ-ization since 2001. In general, legal provisions allow moving freely any type of goods in and from the territory of Moldova. Under the Moldovan law, both definitive and suspensive customs regimes can be applied.

The Moldovan Customs Tariff is based on the Harmonized Commodity Description and Coding System and the customs valuations are applied according to the General Agreement on Tariffs and Trade (GATT).

In addition, on June 27, 2014, Moldova has signed the Deep and Comprehensive Free Trade Agree-ment (DCFTA) with the European Union, which provides improved access to the EU market of 500 million consumers for Moldovan goods and servic-es, as well as improved investment opportunities.

Authorized Economic Operators (AEO)

Since July 2014, companies can profit from the status of Authorized Economic Operator. It pro-vides simplified transit of goods across the bor-der, promoting voluntary compliance with customs requirements by providing more simplified clearance procedures and other benefits to companies.

EU operating companies as well as Moldovan com-panies that correspond to the requirements listed in the Customs Code may apply for an AEO certificate and benefit of the corresponding advantages. The major benefits of an AEO status are border crossing priority (a special track for AEO has been designed), limited number of customs controls, saving time and reducing operational costs of cross-border traf-fic, priority treatment of consignments and check-point choosing, if selected for control.

There are three types of AEO certificates:

• AEOC – AEO certificate for simplified custom procedures;

• AEOS – AEO certificate for security and safety;

• AEOF – AEO certificate for simplified custom procedures, security and safety.

Until November 2016, ca. 100 companies have been recognized as AEO, receiving one of the above-mentioned certificates.

18

12

15

20

16

16

16

20

32

19

19

23

40

20

15

25

Ind. Income tax Corporate Income Tax Withholding Tax VAT

Moldova

Romania

Poland

Croatia

Source: PWC, Worldwide Tax Summaries, 2016.

Tax rates in comparison, %

8

25.5%25.5%

49.0%

CSI countriesOther countries

EU countries

Trade potentialEuropean Union is the main trade partner of the Republic of Moldova. In 2015, EU exports to Mol-dova amounted to 2.08 billion EUR (mostly machin-ery and appliances, mineral products, transport equipment, and chemical products). Meanwhile, EU imports from Moldova continued to grow. Total im-ports increased by 5%, to 1.22 billion EUR in 2015 (mainly textiles and textile articles, machinery and appliances, vegetable products and other food-stuffs and beverages).

Businesses located in the Republic of Moldova can ex-port duty free to the West (EU), East (CIS) and South-East (Balkans). Since 1995, the country also has access to the United States and Japanese markets under the Generalized System of Preferences.

Source: National Bureau of Statistics, Foreign trade in 2015.

Source: National Bureau of Statistics, Foreign trade in 2015.

Giurgiulesti International Free Port, Source: Danube Logistics

2014 20152013201220112010

1.150

2.877

1.718

4.024

1.650

3.9793.595

1.772 1.774

4.009

1.933

4.394

Export Import

13.1%Other countries

61.9%EU countries

25.0%CSI countries

Source: National Bureau of Statistics, Foreign trade in 2015.

Imports by origin, % (2015)

Total volume of exports and imports, EUR billion

Exports by destination, % (2015)

9

Source: iStock

FDI facts

FDI stock in sectoral distribution, 2015 FDI in Moldova by investor’s country, 2015

19%

14%12%

9%

3%3%

2%

6%

5%

4%

4%

Other

19%Netherlands

Italy

CyprusRussia

Germany

Austria

Spain

Turkey

USA

Great Britain

Romania

Source: State Chamber of Registration, FDI statistics, 2015.

25.5%Financialintermediation

22.9%Manufacturingindustry

14.6%

Wholesale &retail trade

13.8%

Real estate &business services

9.6%Transport &communications

7%Electricity, gas& water supply

1.5%Healthcare

3.8%Other

1.3%Agriculture& forestry

Source: National Bank of Moldova, Annual report 2015.

In 2015, the net flow of foreign direct investment in the economy of Moldova amounted to 239.3 million EUR. Investors come to Moldova from many different countries, the EU and Russia make up for large shares of the total investments. This shows that Moldova is open for business for everyone.

10

Business start-upin Moldova

Starting a business, DB Ranking 2017

Ukraine

Moldova

Serbia

Romania

Bulgaria

Croatia

Poland

20

44

47

62

82

95

107

Registering property, DB Ranking 2017

Moldova

Poland

Serbia

Romania

Bulgaria

Croatia

Ukraine

21

38

56

57

60

62

63

Getting credit, DB Ranking 2017

Romania

Poland

Ukraine

Moldova

Bulgaria

Serbia

Croatia

7

20

20

32

32

44

75

Enforcing contracts, DB Ranking 2017

Croatia

Romania

Bulgaria

Poland

Serbia

Moldova

Ukraine

7

26

49

55

61

62

81

Paying taxes, DB Ranking 2017

Moldova

Poland

Croatia

Romania

Serbia

Bulgaria

Ukraine

31

47

49

50

78

83

84

2017 rankingDoing Business countries in the

44 out of 190The Republic of Moldova ranked is

It takes 4 procedures and 1 day

to register a business in Moldova.

11

Investment incentives

General IncentivesJob creation − Reduced calculation base of the taxable income, when increasing the number of sta� (yearly average salary in the country for the year prior the reported �scal year).Taxable income deductions − Expenses related to transport (MDL 25 per day per employee), meals (MDL 35 per day per employee), and professional training of employees are deducted from the taxable income.

Agricultural sector- VAT exemption on import of tractors and agricultural equipment.- there is a wide range of agricultural subsidies available. Please refer to our agricultural sector report and information lea�ets to learn more.

Automotive sector- 180 days deferment to pay VAT and customs duties on imported raw materials;- VAT and customs duties exemption for imported goods introduced in equity capital.

Textile sector- 180 days deferment to pay VAT and customs duties on imported raw materials;- VAT and customs duties exemption for imported goods introduced in equity capital.

ICT sector- Reduced base of the taxable income of employees and applicable social security charges (2 average monthly salaries in economy forecasted for the concerned year).- Incentives for the technology park resident companies (Law No 199 on IT parks): • unique tax of 7% from the turnover, replacing the CIT (Corporate Income Tax), PIT (Personal Income Tax), social security and medical insurance taxes, local and real estate taxes; • VAT and customs duties exemption for monitors, computers, network equipment, and components, as well as equipment and accessories according to tax and customs legislation; • State controls over the IT park residents’ activity are performed simultaneously by all bodies, as required by law, every three years.

Free Economic Zones- Reduced CIT rate of 6% net, for income obtained from exports or sales to other FEZ residents-exporters;- Reduced CIT rate of 9% net, for income obtained from other activities conducted within FEZs;- CIT exemption for 3, 5 years for investing USD 1 Mio, and respectively USD 5 Mio;- 10 years guarantee of applicability of tax and customs regime existing at inception of activity.

Industrial Parks- Exemption to compensate losses caused by exclusion of land from agricultural circuit;- Privatization of land at the normative price;- Concessional rent of public property (down to 0.3 of the tari� established in state budget law);- Alienation free of charge or bailment of public property goods to the managing enterprise for the purpose of establishing and developing the industrial park;- Optimization of state inspections;- Allocation of public funds for infrastructure within parks.

Giurgiulesti International Free Port- Unrestricted right to practice any activity that is legal in Moldova;- Reduced CIT rate of 3% net, for activities within PILG for 10 years of residence;- Reduced CIT rate of 6% net, for next term till 2030;- Customs duties exemption;- VAT and excises exemption for shipments to GIFP and between GIFP residents;- 15 years guarantee of applicability of tax and customs regime existing at inception of activity.

12

Free Economic ZonesThe Free Economic Zones represent excellent platforms for businesses that are convenient to export-oriented manufacturing companies, which in-tend to benefit from a preferential customs and tax regime.

There are 7 FEZs in Moldova, spread around through-out the country and located either near a border, or in big cities. This Free Economic Zones offer preferential conditions and a dedicated customer-oriented admi-nistration. Activities in the FEZs are limited to industrial production, packaging, trade, transportation, logistics and utilities, with priority given to manufacturing. More-over, Giurgiulesti International Free Port and Marculesti Free Airport offer quite similar conditions to the FEZs.

Incentives offered in Free Economic Zones

• FEZs are connected to all important transport routes and have access to all regions through the national and international roads;

• Customs Office available on site, operating 7days/week (if necessary 24 hours/day);

• Exemption from customs duties and excise du-ties on goods imported into the FEZs and subse-quently exported;

• VAT for equipment and machinery: 0%;

• Corporate tax rate stands at 6% (3% in free port);

• Customs procedures tax: 0.1% from customs value of goods (outside FEZs 0.4%);

• 10 years state guarantee for protection against adverse changes in legislation (15 years in Free Port);

• Free connection to utilities in FEZs and Industrial Parks;

• EUR / USD payment among FEZs residents;

• Exemption from CIT for a period of 3 years, when investing 1 million USD in fix assets of the compa-ny and/ or in FEZ infrastructure development (for 5 years, when investing 5 million USD).

Industrial ParksIndustrial parks are delimited territories in which indus-trial production, services provision, applied scientific research and/or technological development are car-ried out under some preferences.

There are 8 Industrial Parks in Moldova: IP Tracom (Chisinau), IP Bioenergagro (Drochia), IP Cimislia (Ci-mislia), IP Raut (Balti), IP CAAN (Straseni), IP Edinet (Edinet), IP Triveneta Cavi Development (Straseni), IP Comrat (Comrat). Industrial Parks can potentially become the center for investment attraction and the place for different industrial and IT projects.

Firms are given legal and consulting support in ob-taining licenses, permits and approvals. Consulting services also include project development, personnel recruitment, knowledge management, marketing, etc.

Incentives for Industrial Parks

• Free re-zoning of agricultural into industrial land;

• Normative (below market) prices for the purchased land;

• Reduced rental price for state land;

• Free connection to existing infrastructure in the park;

• Minimal state inspection and control regime.

Production hall Draexlmaier, Balti (Source: Draexlmaier)

Danube

Sulina Branch

Sf. Gheorghe Branch

Kilia B

ranch

UKRAINE

FREE ECONOMIC ZONES& INDUSTRIAL PARKS

ROMANIA

Prut

Prut

Nistru

Nistru

Edinet

Cupcini

Donduseni

Drochia

Soroca

Floresti

Rișcani

GlodeniBALŢI

Falesti

Singerei

Soldanesti

Ribnita

Telenesti

Ungheni

Calarasi

Straseni

Orhei

Nisporeni

Hincesti

Causeni

Stefan Voda

TIRASPOLAnenii Noi

Leova

Cantemir COMRAT

Basarabeasca

Ceadir-Lunga

Tvardita

Taraclia

Giurgiulesti

Slobozia

Grigoriopol

Dubasari

Otaci

Rezina

CHIȘINAU

Cahul

Criuleni

Cimișlia

Ialoveni

Briceni

Ocnita

Mohyliv-Podolikyi

Izmail

Bolgrad

Iasi

Bucharest, RO - 255kmConstanta, RO - 215kmCraiova, RO - 481kmGalati, RO - 10kmPitesti, RO - 370kmTimisoara, RO - 697kmMD: GiurgiulestiRO: Galati

Arad, RO - 654kmBucharest, RO - 407kmCraiova, RO - 641kmPitesti, RO - 531kmMD: LeuseniRO: Albita

MD: GiurgiuleștiUA: Reni

MD: MirnoeUA: Tabachi

MD: Ceadir- LungaUA: Novie Troiani

MD: BasarabeascaUA: Serpniovoe 1 MD: Tudora

UA: Starokazacie

Odessa, UA - 77kmMD: PalancaUA: Udobnoe

MD: VulcanestiUA: Vinogradovca

Iasi, RO - 24kmMD: SculeniRO: Sculeni

Baia Mare, RO - 443kmBototsani, RO - 55kmSuceava, RO - 97kmMD: CostestiRO: Stinca

MD: UnguriUA: Bronnita

Kaluga, RU - 1063kmKiev, UA - 385kmMohyliv-Podolskyi, UA - 0.5kmVinnytsa, UA - 120kmMD: OtaciUA: Mogiliov-Podolisc

MD: BriceniUA: Rososeni

Chernivtsi, UA - 105kmIvano-Frankovsk, UA - 215kmKatowice, PL - 768kmLviv, UA - 341kmTychy, PL - 771kmMD: CrivaUA: Mamaliga

M14

M14

M14

M3

M2

M2

M4

M4

M4

M4

M4

M21

22E

24

24C

24D

H10

P63

M05

M05

M13

M05

M05

H03

M14

M14

Buzau

Kilia

SulinaTulcea

Dnestrovsky Liman

Razim lake

Co

nsta

nta

Ista

mb

ul

BLACKSEA

FEZ Otaci Business FEZ Marculesti Hub Airport (Floresti rayon)FEZ Balti • FEZ Balti/ Subzone Straseni • FEZ Balti/ Subzone Causeni • FEZ Balti/ Subzone Orhei • FEZ Balti/ Subzone Cahul FEZ Ungheni Business FEZ Expo Business Chisinau FEZ Tvardita FEZ Taraclia FEZ Valcanes (Vulcanesti)FEZ Giurgiulesti Free International Port

FEZ location name

FEZ

FEZ Subzone

Industrial Park

Border pass

Airport

Sea / river port

Route numberi

LEGEND

Danube

Sulina Branch

Sf. Gheorghe Branch

Kilia B

ranch

Prut

Prut

Nistru

Nistru

Mohyliv-Podolikyi

Odessa

Izmail

Bolgrad

Galati

Iasi

Braila

Focsani

Buzau

Kilia

SulinaTulcea

Belgorod Dnestrovsk

Dnestrovsky Liman

Razim

lake

Co

nsta

nta

Ista

mb

ul

BLACKSEA

BĂLŢI

Căușeni

Cahul

GlodeniCostești

Sîngerei

Leova

Cantemir

Edineţ

Briceni

Drochia

Soroca

Florești

Șoldănești

Fălești

UngheniCălărași

Strășeni

Orhei

Nisporeni

Anenii Noi

COMRAT

Vulcănești

Rezina

CHIȘINĂU

Criuleni

Ialoveni

Ocniţa

Dondușeni

Rîșcani

Telenești

Hîncești

Ștefan Vodă

Basarabeasca

Ceadîr-Lunga

Tvardita

Taraclia

Otaci

Cimișlia

UKRAINE

ROMANIA

LEGENDShoes

Carpet

Garment & Knit wear

Furniture

Seat covers

Textile tapes

Rubber & Plastic injection

Steel casting

Pumps

Construction material

Electronics

Glass manufacturing

Cardboard manufacturing

Metal processing

Gravel & stone extraction

Energetics

Wires and harnesses

Ceramic tiles

Alcohol & bioethanol

Railway

Cannery

Sugar

Water bottling

Food products

Winery

Chocolate

Bakery

Cigarette and tobacco

Dairy products

Meat processing

Beer

Brandy production

Pharmaceuticals

SUCCESS STORIES &INDUSTRIAL COMPETENCES

15

“The international growth of G&G requires a good choice of regions for our

plants. We look for availability of motivated staff, safety and good cooperation

with authorities. All of these factors made Moldova to a strong match. We are

very satisfied with the conditions in Balti and are happy to increase our foot

print soon.’’

Nikolaus Griller,Managing Director, Sales and Innovation Management

“We started our business in Moldova in 2007 and since then have

continuously expanded operations. Moldova proved to have great potential

for the development of our project within the Free Economic Zone in “Balti”,

with excellent support by local and central authorities.”

Guido Meinelt,Plant Manager at DRA Draexlmaier Automotive SRL

“Ungheni and its free economic zone, where Lear Moldova is placed since 2010,

confirmed itself as a well performing and competitive plant. The geographical

position (30 km from EU border), the proximity to the European customer base

and suppliers, as well as the dedicated labor force are the right ingredients for a

success story.”

Sven DAMM,VP of Trim Operations for Europe & Africa

“SEBN aims to implement a long term project in Moldova, which confirms that

the country is attractive for the automotive industry with available workforce,

necessary infrastructure for its development and openness to foreign

investment. Through early engagement and strong collaboration with the

Parliament, Government and local authorities, it was created a Free Economic

Zone in Orhei, which provides favorable conditions for a successful activity.”

Oliver Schacht,Member of the Board, COO, SEBN SE

Igor Corman,Administrator of SE Bordnetze SRL

“Moldova has a competitive country profile, providing good opportunities for

business development. These are multiplied by the willingness of Authorities and

such Institutions as MIEPO of collaboration with the foreign investors, in order

to contribute to the economy growth. This makes a solid foundation for a long

term partnership between the Foreign Investor and the Country Society.”

Angela Piliughin,Business Expansion Director Fujikura Automotive Europe & Administrator of Fujikura Automotive MLD

16

“In my experience, I find the local IT community, including fresh graduates

and experienced managers, to be responsive, willing to change and ready

to embrace new ideas. They have healthy competitive spirit, which shines

through when supported effectively. It is a pleasure for me to work in an

environment with lots of dedicated, passionate, ambitious and smart people.”

Kumail Jetha,General Manager, Endava Moldova Delivery Unit

“We picked Moldova as an investment destination due to the benefits the

Government offers to the foreign investors, the costs of production and

the strategic market for us. Main purpose for the dairy farm is to provide

high quality milk during every month of the year. Favorable climate and

geographical conditions are factors that help us achieve our goals.”

Jim Boet,Founder of Millstream Dairy

“Moldova works hard on encouraging foreign companies to review it as a possible

investment option. Moldova offers competitive financial support for the investments

into agriculture sector and very cooperative state institutions, and, what is most

important for us, a market with a high potential.”

Perebinos Ecaterina,Deputy Director at Pukoven

“We decide to open a new production plant in Moldova for a good

strategic position and a reasonable labor cost. Local and central

Government authorities offer entire support in investment and business

activity.”

Gregorio Isgrò,Administrator at CONFEZIONI ANDREA MDV S.R.L.

Invest in Moldova helps you We will assist you in setting up your operations in Moldova. We support your project management activities from the earliest stages of your expansion strategy. We provide you with the industry informa-tion you need. This includes facts about the industrial competences throughout Moldova’s regions, as well as available sourcing and supply companies.

Foreign companies profit from our rich experience in identifying the business locations which best meet their specific investment criteria. We help turn your re-quirements into concrete investment site proposals; providing consulting services to ensure you make the right location decision. We coordinate site visits, meet-ings with potential partners, relevant existing investors, universities, colleges, vocational schools and other in-

stitutes active in the industry, as well as meetings with relevant embassies, business associations, govern-ment officials and other authorities.

Our team of consultants is at hand to provide you with the relevant background information on Moldova’s tax and legal system, industry regulations, and the domes-tic labor market. Invest in Moldova experts help you create the appropriate financial package for your in-vestment and put you in contact with suitable financial partners. Our specialists provide you with detailed in-formation about available incentives, support you with the application process, and arrange contacts with lo-cal developers.

All of our investor-related services are treated with the utmost confidentiality and are provided free of charge.

STRATEGY

PROJECT MANAGEMENT ASSISTANCE AND PROVIDING INFORMATION

LOCATION CONSULTING / SCOPING MISSION SUPPORT

AFTERCARE / POSTINVESTMENT SUPPORT SERVICES

DECISION & INVESTMENTEVALUATION

Identification of sector-specific investors

General data and statistics for investor feasability study support

Sector-specific details & information of legislation

Relevant site presentation and preselection

Joint project management assistance together with FEZs & IPs administration

Coordination andsupport of negotiationswith localauthorities

Identification of project-specific locations

Identification of sourcing opportunities

Information on suitable locations

Site visitorganization

Arranging meetings with public authorities, relevant private sector representatives

Final site decision support

Identification of and general information on relevant tax, legal and adminis-trative issues

Connecting with relevant recruitment, legal, tax and other consulting companies

Facilitation and communication with public local and central authorities, as well as relevant private sector representatives

Advice on administrative and legal issues

Supporting investors and associations in their efforts to improve the business climate

The Moldovan Investment and Export Promotion Organization (MIEPO) is the prime source of information and assistance for potential investors.

Combining our experience, we are able to provide you

with information relevant for your decision making, as well as links to businesses and government. Our team con-sists of permanent investment attraction staff, sectorial con-sultants, as well as regional officers.

Craiova

Bursa

Istambul

Ankara

Cairo

Jerusalem

Sarajevo

Pitesti

Timisoara

Oradea

Mlada Boleslav

Kolin Lviv

Kiev

Balti

Chisinau

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ZaporojeEsztergom

Turin

Munchen

Valls

Pamplona

SindelfingenParis

Genk

Amsterdam

Bratislava

GyorGraz

Novo Mesto

Pecs

Katowice

Minsk

Wolfsburg

Leipzig

Bremen

Copenhagen

Poznan

Glewice

Kaluga

Nijnii NovgorodMoscow

Tolyatti

Sankt PetersburgStockholm

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MD

Contact us:65 Alexei Mateevici str., Chişinău,Republica Moldova, MD-2009Tel:+373 22 27 36 54Fax: +373 22 22 43 10www.invest.gov.md, invest@gov.md© MIEPO 2016