Мирча Бачу

Moldova’s economy is facing a number of existential problems that limit its opportunities for development and deep modernization. It is all the more important to identify these problems, prioritize them and determine their impact on the development potential. As well as to propose effective and realistic measures to address them. Otherwise, they may become irreversible, when the situation can become virtually impossible to rectify or cost much more than it can be done with timely adoption of the necessary decisions.

Moldova’s real estate market is overheated. This is a given. Specialists and economists speak about it, statistics confirms it.

As a rule, the fiscal and customs policy for the next year is approved/adopted around the middle of the current year or, in some cases, at the end of July, when the Parliament officially concludes its spring-summer session. This is done both to enable the Government in general and the Ministry of Finance in particular to develop the state budget for the next year on the basis of the new fiscal and customs policy, and to enable the business environment to prepare in advance for the new rules that are about to come into force.

Chinese marketplace Temu has literally taken Moldovan e-commerce by storm. Having invested heavily in advertising, it has gained prominence in social networks and search engines, pushing small online stores into the background.

But how does it work, who is behind it, what is the market reaction and what should Moldovan manufacturers, small businesses, online and offline retailers do?