Moldova
The Republic of Moldova is a landlocked state in Eastern Europe, bordered to the west by Romania and to the north, east and south by Ukraine. With a moderate climate and good farmland, Moldova’s economy relies heavily on its agriculture sector, featuring fruits, vegetables, wine, and tobacco. There have been many positive changes in recent years, in particular in relation to poverty reduction and democratic governance. Key reforms in the justice sector and decentralization underpinned progress on the path of the country’s European integration. After nearly twenty years of transition to a market economy, the Republic of Moldova remains the poorest country in Europe, although poverty has steadily declined throughout the last decade. Moldova’s economy advanced 0.8 percent year-on-year in the first three months of 2016, recovering from contractions in the previous two quarters, mainly boosted by a rebound in household consumption.
Moldova is attractive for foreign investors due to:
– The good quality of its soil
– The qualified labor force
– The scientific and technological potential
– The good fiscal incentives
