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Business climate of the Republic of Moldova

Business climate of the Republic of Moldova. THE REPUBLIC OF MOLDOVA – YOUR BRIDGE TO WEST AND EAST. Moldova – the newest emerging investment destination. THE REPUBLIC OF MOLDOVA – OPEN ECONOMY. European Union – Moldova Association Agreement

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Business climate of the Republic of Moldova

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  1. Business climate of the Republic of Moldova

  2. THE REPUBLIC OF MOLDOVA – YOUR BRIDGE TO WEST AND EAST Moldova– the newest emerging investment destination

  3. THE REPUBLIC OF MOLDOVA – OPEN ECONOMY European Union – Moldova Association Agreement Deep and Comprehensive Free Trade Area Agreement (DCFTA) Free Trade Agreement with Turkey Member of the Community of Independent States (CIS) Member of the World Trade Organization (WTO) Member of CEFTA

  4. MOLDOVAN TRADE STRUCTURE – 2016 UK 114.3 mln. USD (5.6%) GERMANY 126.6 mln. USD (6.2%) Total volume of Moldovan exports 2,045.3mln. USD RUSSIA232.2 mln. USD (11.4%) POLAND 73.4 mln. USD (3.6%) FRANCE 44.7 mln. USD (2.2%) BELARUS103.5 mln. USD (5.1%) ROMANIA513.1 mln. USD (25.1%) European Union 1,332.4 mln. USD (65,1%) Commonwealth of Independent States 414.2 mln. USD (20,3%) ITALY 198.3 mln. USD (9.7%) UKRAINE49.7 mln. USD (2.4%) TURKEY61.7 mln. USD (3.0%)

  5. MOLDOVAN TRADE STRUCTURE – 2016 CHINA 393.7 mln. USD (9.8%) GERMANY 316.4 mln. USD (7.9%) Total volume of Moldovan imports 4,020.3mln. USD RUSSIA535.2 mln. USD (13.3%) POLAND 132.2 mln. USD (3.3%) FRANCE 90.0 mln. USD (2.2%) BELARUS101.3 mln. USD (2.5%) ROMANIA515.5 mln. USD (13.7%) European Union 1,973.7 mln. USD (49,1%) Commonwealth of Independent States 1,027.4 mln. USD (25,6%) ITALY 280.8 mln. USD (7.0%) UKRAINE389.7 mln. USD (9.5%) TURKEY272.0 mln. USD (6.8%)

  6. FOREIGN DIRECT INVESTMENTS – OVERVIEW Source: National Bank of Moldova Source: National Bank of Moldova

  7. INVESTMENT FRIENDLY FISCAL SYSTEM RUSSIA18% MOLDOVA23% MOLDOVA12% ITALY23.81% MOLDOVA20% ROMANIA16% ROMANIA27.75% UKRAINE 20% UKRAINE 19% RUSSIA30% SLOVAKIA 20% RUSSIA20% SLOVAKIA 35.2% ROMANIA20% ITALY20.3% UKRAINE 49.7% ITALY21% SLOVAKIA 23%

  8. REGULATORY REFORM 2016 – 2017 Business with Clear Game Rules

  9. REFORM OF THE STATE CONTROL Business with Clear Game Rules

  10. FINANCIAL REPORTING REFORM • removingduplicate data and lowering reporting volume • by approx. 40% • reducing the time and cost of drafting and reporting to public authorities • the interaction of economic agents with a single public authority • concentratingthe data as well as establishing a unique reportingand payment period (day 25/ monthly) • combatingthe phenomenon of "wages in the envelope" (The State Tax Inspectorate, the National Social Insurance House, the National Insurance Company in Medicine and the National Bureau of Statistics)

  11. JOB SUBSIDY REGULATION Purpose: to stimulate businesses for job creation Beneficiary - any legal entity practicing entrepreneurial activity in the Republic of Moldova. The amount of the subsidy for a job created - 40 thousand lei for 2018. The authority responsible for job creation subsidy - Ministry of Finance

  12. JOB SUBSIDY REGULATION

  13. INVESTMENT CLIMATEEASE OF DOING BUSINESS MOLDOVA – 2017 The Republic of Moldova is ranked 44 out of 190 countries inthe Doing Business 2017 ranking ( 3 positions) Source: Doing Business 2017

  14. INCENTIVES Airport ”Marculesti” International Free Port ”Giurgiulesti”

  15. IP BIOENERGAGRO INCENTIVES IP FAIP IP LA TRIVINETA CAVI DEVELOPMENT IP CAAN IP CIMISLIA

  16. MOLDOVAN COMPETITIVENESS –INVESTMENT AND EXPORT POTENTIAL • ¾ of the country's area – agricultural land,72% is arable land; • fertile soil –¾ arable lands are chernozem(among the most fertile in the world); • diffuse sector –many small farmers; • consolidation–great opportunities for investors; • specialization in agricultural niche products andthe food industry(nuts, dried fruit, fresh fruit, wine sector, etc.).

  17. MOLDOVAN COMPETITIVENESS –INVESTMENT AND EXPORT POTENTIAL • Moldovan manufacturers are cooperating for many years with renowned foreign brands– both fashionable and mass market brands. Companies from Italy, Germany, Netherlands, France, Austria, Belgium, and Great Britain produce here. • The reason: Moldova offers a high level of quality productionand a high speed in command processing.

  18. MOLDOVAN COMPETITIVENESS –INVESTMENT AND EXPORT POTENTIAL • Success Stories • Lear Corporation (seating/ trim) – 1st plant in 2010 • DraexlmaierAutomotive (wiring harnesses) – 1st plant in 2007, 2nd plant in 2009, 3rd plant planned for 2016 • Gebauer& Griller (cables) – plant construction 2012, production launched July 2013 • Leoni(wiring harnesses) – local subcontractor since 2010 • Fujikura Automotive (wiring harnesses) – 1st plant in 2016, 2nd plant in 2017 • SEBN Sumitomo Electric Bordnetze (wiring harnesses) – 1st plant in 2017 • CoroplastFritz Mueller (wiring harnesses, molding injection) – 1st plant in 2017

  19. MOLDOVAN COMPETITIVENESS –INVESTMENT AND EXPORT POTENTIAL • sector with a very rapid development; • high penetration of fixed telephony (33%); • high penetration of mobile telephony; 3 operators; 3G & 4G; • high penetration of cable TV; • broadband Internet and IP TV – growing areas (no. 15 in the world); • high speed loading data– nr. 6in the world; • qualified human resources – incentive for IT companies.

  20. PRIVATIZATIONS – 2017 II. Aviation sector I. Communication Technologies (100%) III. Electrical distribution networks (100%) IV. Hydropower sector V. Banking sector

  21. SUCCES STORIES OF FOREIGN INVESTORS

  22. Invest in Moldova Access to information and study visits: Moldova Investment and Export Promotion Organization (MIEPO) Republic of Moldova, Chisinau, 65 A. Mateevici Str. Tel.: + 373 (22) 27-36-54Fax: +373 (22) 22-43-10 office@miepo.md | www.miepo.md

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