Investment activity declines in Moldova at start of 2026
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Investment activity has sagged since the beginning of the year

In January-March 2026, the volume of investments in long-term assets in Moldova significantly decreased. In annual terms, capital investments amounted to 6.2 billion lei, decreasing overall by 2.4%. This statistic reflects the general decline in the investment activity of businesses at the beginning of the year, despite the stimulus programs included in the state budget.
Irina Covalenco Reading time: 1 minute
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Investment funds

Quarterly data from the beginning of the year are published by the National Bureau of Statistics. Investments in long-term tangible assets amounted to 5.7 billion lei, down by 1.5%. Investments in intangible assets amounted to 0.4 billion lei, down by 13.2%.

The increase was observed in the items of long-term tangible assets: non-residential buildings – by 3.5%, machinery and equipment – by 1.0%, vehicles – by 6.8% and other tangible assets – by 0.3%. At the same time, the volume of investments in residential buildings decreased by 13.5%, and in engineering structures – by 11.8%.

The law on Moldova’s state budget for 2026, called the “Budget of Responsible Investments”, plans total capital expenditures of 11.4 billion lei. Of this amount, 3 billion lei are allocated directly for capital investments, which is 55% more compared to the previous year.

Besides direct budgetary allocations, the 2026 investment program is reinforced by external sources: the EU Growth Plan (5.6 billion lei is envisaged in the form of European grants and soft loans for infrastructure modernization).

State projects with external financing are planned for more than 5.7 billion lei from other international donors (about 112 projects in total). For business development, the budget also envisages an increase in the financing of SME support funds – an additional 200 million lei each is earmarked for the “373” lending program and the FACEM Economic Growth Fund.


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