This figure is higher than the level of 2023 (EUR 334 million), but lower than in 2024 (EUR 424 million), according to the study “Foreign Direct Investment. Impact on the Moldovan economy” (2016-2025), carried out by the Business Intelligent Services (BIS) consulting company at the request of the Investment Agency.
The document notes that the main FDI in 2025 was realized mainly by reinvesting profits from existing investors, rather than by launching new investment projects.
In 2025, FDI inflows amounted to approximately 2.3% of GDP, slightly lower than the 2.52% in 2024 but above the 2023 level (2.16%).
In 2025, foreign direct investment inflows per capita amounted to approximately €172 per person, down from €176 in 2024 but above the 2023 level (€136).
As a result, at the end of 2025, total accumulated FDI in Moldova amounted to €5.3 billion, up by 2.6% compared to 2024, while the share of accumulated FDI in GDP decreased from 40.4% in 2019 to 29.8% in 2025.
The money has come and is coming mainly from Europe. The volume of European capital at the end of 2025 exceeded 3.1 billion euros or 58.5% of all FDI.
Total investments from other countries amounted to about €591 million in 2025 by the end of last year. In 2024, they were 507 million euros. At the same time, the volume of FDI from CIS countries has been constantly decreasing, moving from positive values in the previous period to the negative zone in recent years.
The main countries of origin were Cyprus with €663 million, Romania with €381 million and the Netherlands with €282 million, followed by Bulgaria and the UK. These five countries accounted for 56% of the total equity capital invested in the Moldovan economy.
At end-2025, the main sources of accumulated capital were Bulgaria (€278 million), the Netherlands (€217 million), the UK (€183 million), Hungary (€161 million) and Italy (€65 million). This reflects the structure of banking groups represented in Moldova.
By sector, FDI in Moldova is concentrated primarily in services and trade, especially in financial and insurance activities, as well as in manufacturing. At the same time, the relatively low share of investment in IT, energy and professional services points to the significant but as yet underrealized potential of high value-added sectors, the study says.
