General Statistics
The Republic of Moldova is a democratic state with a parliamentary form of government. It was founded on August 27, 1991.
The official language is Moldovan (absolutely identical to the Romanian language).
In terms of territory size – almost 34 thousand square kilometers. The country’s territory is slightly larger than that of Belgium.
The population of Moldova is 4.5 – 5 million people.
Currency
The national currency is the Moldovan leu. The current exchange rate of the dollar, euro, and other foreign currencies can be found here => Foreign currency is freely available for purchase. Savings in foreign currency are possible. Payments within Moldova are made only in the national currency – in Moldovan lei. Payments with foreign counterparties are made in foreign currency.
Geopolitical Position of Moldova and Economic Benefits
Moldova borders Ukraine and Romania, which opens up prospects for active economic interaction with the East and West.
Moldova aspires to join the customs union of Russia, Belarus, and Kazakhstan. Moldova also has real chances of becoming an associated member of the European Union in 2013, which would involve duty-free import of European goods under the Free Trade Agreement to be signed, as well as many other preferences.
Business in Moldova
Over 160 thousand legal entities are registered in Moldova. In 2012, 6 thousand new enterprises were registered.
Enterprises have the right to engage in any type of activity, except those prohibited by law.
Labor Resources of Moldova
The country’s labor potential is assessed as satisfactory in terms of education level and wage conditions. For example, a middle manager here can earn from 400 to 600 US dollars in a large company, and from 200 to 300 US dollars in a small or medium-sized company.
The level of manual production labor is assessed as quite high and cost-effective. For example, some European brands have established clothing manufacturing plants in Moldova. This applies to brands such as Adidas, Navigare, Dolce and Gabbana.
The main online recruitment resources: hh.md (headhunter Moldova) and lucru.com (work – in the Moldovan language).
Large Business in Moldova
Leading companies in the country based on 2012 turnover results(Source: National Bureau of Statistics):
Moldovagaz
Lukoil-Moldova
Red Union Fenosa
Chisinau-Gaz
Orange-Moldova