Înscrie-te la Moldova Business Week

Moldova's economy contracted by 5% in 2022, but ICT, manufacturing, and automotive sectors grew. The economy is shifting from traditional sectors to trade, transportation, storage, and IT, with increased domestic investment and reduced reliance on remittances.

In 2022, Moldova saw a significant rise in foreign direct investment (FDI) to USD 4926 million, a 15% increase from the previous year. This growth highlights strategic investments in finance, energy, manufacturing, trade, and ICT, supported by legislation promoting fair opportunities for all investors.

Discover key facts about Moldova's Free Trade Agreements over the years in a full comprehenced file.

Discover key facts about Moldova's Incentives over the years in a full comprehenced file.

Moldova offers a cost-effective investment destination with competitive operational expenses. Its average hourly labor cost of 3.9 EUR is notably lower than neighboring countries, complemented by affordable utility rates and commercial rental costs. 

In 2022, Moldova's main trading partner was the European Union, with exports totaling USD 2.53 billion (49.3% of total exports), driven by the DCFTA. Imports from the EU rose sharply to EUR 4.36 billion, led by mineral fuels and machinery.

Moldova's workforce of around 890,000 is highly adaptable and multilingual, with strong educational credentials from 90 vocational and 21 higher education institutions. This skilled pool offers compelling advantages for investors seeking growth and innovation in the region.