Electronics Sector in Moldova

7%

Unique Tax on turnover in IT virtual Parks

4.18

€/hour
Industry full load labor cost

$535 M

Equipment & electronics exports in 2022

13,600+

Industry
employees

210

Electronics companies in 2022

258 €

Minimum salary in 2024

1,000

€/job
Job creation incentive (ATU Gagauzia)

43%

Employment rate in 2023

895 M

Customers duty free market

4 hours

Business entity registration

500 ha

Free buildable area in FEZ all over the country

Industry overview

Electronics in Moldova

Over the past few years, Moldova’s electronic business landscape has witnessed a notable transformation, as evidenced by key indicators in the corporate sector. The data paints a compelling picture of the country’s economic evolution, highlighting both continuity and change. From 2018 to 2022, the sector associated with electronic sector has experienced significant shifts in the realm of active companies, employment figures and turnover. In 2022, the sector associated with the electronics industry was represented by 210 active companies generating sales of EUR 377 million and a total number of 13.6 thousand employees.
Companies
47
active companies in 2022 (-32.9% compared to 2021)
Employees
12,800
employees in 2022 (1.8 times more compared to 2015)
Income
EUR 307 M
turnover in 2022 (2.7 times more compared to 2015)
Export
$535 M
Exports (HS code 85 - equipment and electronics) of USD 535.0 million in 2022 (double compared to 2016)
Products
88.9%
of Moldova's electronics exports are wire harnesses, while
6.2%
are transformers & inductive components

Electronics

Competitive Advantages

The electronics industry is based on wide range of activities and niche knowledge such as semiconductors, PCBs, transformers, sensors, nano wires, as well as R&D and engineering.
Did you know that?
The electronics industry covered a wide range of activities such as semiconductors, PCBs, transformers, sensors, navigation systems and electronics for naval ships and submarines.

Competitive Advantages

PCBs Design & Manufacture
EMS & ECM
PCBA, SMD & THT montage
Inductive Components
Electronic devices design & manufacture
Nano Sensors & Micro Wires
Torroid cores & common mode chokes
Embedded systems and R&D
Cable assemblies and wiring harness
Electronic components & systems
PCB laminates

Education

Well-educated young professionals from sector-specific faculties
The population of Moldova comprises ca. 
2.51 million people, with ca. 2 million above 15 
years and ca. 935.0 thousand representing the 
active labor force.
Dual VET system, colleges, and Technical University programs
Moldova has strong technical faculties colleges, and Centers of Excellence, e.g. the Balti Polytechnic College, Technical University 
College, the Excellence Center in Power 
Engineering and Electronics.
Research & Development
R&D is covered by the Technical University of
Moldova. Research is covered by the Institute of Electronic Engineering and Nanotechnologies, 
as part of Technical University.

Operating

Costs and Taxes

Moldova commends a highly-skilled, competitively priced workforce.
Labor costs are among the lowest in the region and low enough to ensure cost-effective operations. This provides an attractive basis for a successful business.
The average gross salary in Moldova in the industry sector in 2022 was around 480 EUR, varying from 326 EUR to 629 EUR depending on the region and the professional qualification of the employee, which is considerably less than the average in the region. The forecasted average labor cost in national economy is ca. 705 EUR for 2024.
Evolution of the average gross salary in the economy

480 €

Forecasted average labor cost in 2024

7%

Flat tax on turnover for IT Virtual Parks

1,000

€/job
Job creation incentive in ATU Gagauzia
PayWell Study, 2023
The most representative local salary survey for IT sector. Salaries offered by 46 participants, with 4,800 employees, and 250 job positions analyzed.

Development of

Industrial Platforms

Master Plans
Development Plan
Zoning regulations /layout
Topographic survey
On-site infrastructure networks
Geologic survey
Project documentation for infrastructure
Gas supply
Power supply
Water &
Sewerage
supply
Feeder road

8 Industrial halls blueprint

Project documentation for industrial halls: available construction permits and authorization

Market

Players

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