Doing Business in Moldova

EENI- School of International Business

Subject - Doing Business in Moldova. Chisinau. Syllabus:

1. Introduction to the Republic of Moldova
2. The Moldovan Economy
3. Doing Business in Chisinau
4. The Moldovan Foreign Trade
5. The EU relations with Moldova
6. The Foreign Direct Investment in Moldova
7. Access to the Moldovan Market
8. Business Plan for Moldova

The objectives of the subject “Doing Business in Moldova” are the following:

1. To analyse the Moldovan Economy and Foreign Trade
2. To evaluate the business opportunities in the Moldovan Market
3. To analyse the trade relations of Moldova with the country of the student
4. To know the free trade agreements of Moldova
5. To develop a business plan for the Moldovan Market

Description of the Subject: Doing Business in Moldova

The Republic of Moldova (Europe)

1. Capital: Chisinau
2. Official Language: Romanian
3. Area: 33,851 square kilometres
4. The Moldovan Population: 3.6 millions of people
5. Type of Government: Parliamentary Republic
6. Borders of Moldova: Rumania and Ukraine
7. Moldova is a landlocked country
8. Religion in Moldova: Orthodoxy (Christianity) (Orthodox Church Romanian)
9. Moldova belongs to the Economic Area of the Orthodox Civilisation
10. Independence: 1991 (Soviet Union)

The Economy of Moldova.

1. The Republic of Moldova is one of the poorest countries in Europe with capita incomes similar to those of Nicaragua or Ghana
2. The Moldovan GDP (nominal): 14,820 millions of dollars
3. GDP per capita: 4,177 dollars
4. Currency: Moldovan Leu
5. Main Moldovan products: wine, sugar, agricultural machinery, refrigerators, textiles, building materials
6. About 50% of the Moldovans are engaged in agriculture (potatoes, cereals, sunflowers, vegetables, tobacco, wine, beer)
7. The Moldovan wine sector is growing considerably
8. Moldova has applied for membership to the European Union
9. According to the Index of Economic Freedom, Moldova occupies the 110th place in the world

The Moldovan Foreign Trade.

1. Main Moldovan Exports: foods, textiles, machinery
2. Top Export Markets of Moldova: Russia (26%), Rumania, Italy and Ukraine
3. Main Moldovan Imports: mineral products and fuels, machinery and equipment, chemical products, textiles
4. Main suppliers of Moldova: Russia (14%), Rumania, Ukraine and China

International economic relations of Moldova

1. Central European Free Trade Agreement (CEFTA)
2. Commonwealth of Independent States (CEI)
3. Regional Organisation for Democracy and Economic Development (GUAM)
4. Moldova-Azerbaijan Free Trade Agreement
5. Moldova-Armenia Free Trade Agreement
6. Moldova-Georgia Free Trade Agreement
7. Moldova-Turkey Free Trade Agreement
8. Moldova-China Free Trade Agreement
9. Moldova-Kyrgyz Republic Free Trade Agreement
10. Organisation of the Black Sea Economic Cooperation
11. Central European Initiative (CEI)
12. European Union
    1. European Union-Moldova Association Agreement
    2. European Neighbourhood Policy (EU)
    3. EU Eastern Partnership
    4. Black Sea Synergy
13. United Nations
14. Regional Cooperation Council
15. World Bank
16. World Trade Organisation
17. Economic Commission for Europe (UNECE)
18. International Monetary Fund (IMF)
19. Organisation for Security and Cooperation in Europe (OSCE)

Moldova is an observer country in the Eurasian Economic Community (EurAsEC)

Examples of the subject - Foreign Trade and Business in Moldova: