Over the last few years, Moldova has worked hard to create a welcoming environment for businesses, both local and foreign, looking to expand or relocate their operations. Through economic reforms and a focus on improving the business climate, Moldova is becoming a more attractive destination for investors.
Moldova’s efforts to promote stability and economic growth have been recognized globally. One key acknowledgment comes from Fitch Ratings, which has given Moldova a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B+' with a Stable Outlook, after years of having Moldova out of ratings. This rating reflects the country's commitment to keeping its economy steady, managing its finances responsibly, and creating a favorable environment for business.
The 'B+' rating highlights Moldova’s sound financial policies, efforts to keep inflation under control, and a flexible exchange rate. Along with a strong banking sector, these factors show that Moldova is on the right track and is building a more stable and predictable business environment.
One of the main reasons for Moldova's improved rating is its resilient banking sector. Over the last decade, the country has made significant improvements to its banking regulations, creating a system that is transparent, well-capitalized, and profitable. These changes have made the financial system more secure, helping to build trust with international investors and allowing the sector to withstand economic challenges.
Moldova’s banking system plays a critical role in the country's overall economic stability and gives businesses the confidence they need to invest and grow.
Victoria Belous, the Minister of Finance of Moldova, emphasized the importance of the Fitch rating for the country’s financial future: "The B+ rating with a stable outlook from Fitch reflects our efforts to maintain financial stability and prudently manage public debt. It is a strong signal to investors and a confirmation of the policies we are implementing. This rating will open new financing opportunities and support the expansion of the Republic of Moldova's presence in international markets."
Her statement shows that Moldova is focused on managing its finances wisely and using this improved rating to attract more investors to the country.
Dumitru Alaiba, the Minister of Economic Development and Digitalization, also commented on the positive impact of the rating: "For many years, we have been striving to improve our country’s rating. The report from Fitch Rating Agency is a key indicator for financial markets and institutional investors. The better the rating, the more attractive and stable the country becomes, and the lower the cost of financing. We are acting on all reform fronts within our control. I am pleased to see that our efforts over the past three years are now yielding tangible results. We continue to work hard moving forward."
Both ministers highlight the government’s ongoing efforts to create a stronger, more appealing investment climate through responsible financial management and economic reforms.
Moldova’s dedication to improving its investment landscape is evident across several sectors, including Information and Communications Technology (ICT), agriculture, energy, and manufacturing. These industries are growing and offer great potential for foreign investment. The country’s location, competitive costs, and skilled workforce make it a compelling option for businesses.
Additionally, Moldova has been working on improving its infrastructure and transportation networks, which makes it easier for companies to access regional and European markets. The government's alignment with EU regulations ensures that businesses in Moldova meet international standards.
Moldova’s B+ rating and stable outlook signal the country’s progress in creating a better business environment. With strong financial policies, a resilient banking system, and continued reforms, Moldova is becoming an increasingly attractive destination for foreign investors. This rating not only reflects Moldova's financial stability but also opens up new opportunities for international partnerships and financing.
By maintaining prudent fiscal policies and a robust regulatory environment, Moldova is well-positioned to leverage new financing opportunities. This rating marks a significant milestone for the government in its efforts to enhance the country’s presence in international markets and bolster investor confidence. It also reflects Moldova's ongoing commitment to sustainable growth, positioning the nation as an increasingly attractive destination for foreign investment.
Natalia Bejan, Invest Moldova Agency, General Director: "At Invest Moldova Agency, we actively promote Moldova and its strategic sectors to attract high-value investments. Our focus is on enhancing the country’s investment potential, fostering sustainable growth, and building strong international partnerships. Having Moldova assigned a B+ rating by Fitch, after being excluded from it for 15 years, is a strong and good signals not only for the international potential investors but also for the current economic and business efforts in Moldova, by both private and public sectors. I believe we are only getting stronger and how, not later, is the right time to invest in Moldova "