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Category: Moldova’s Economy
The Ministry of Economy announced that the state guarantee of maintaining the tax regime applicable to the residents of the virtual Innovation Technology Park of Moldova (MITP, Moldova IT Park) will be valid until 2035, reports Logos Press.
This was reported by the Public Property Agency, noting that he was recognized as the winner of the competition for the vacant position of director of this company.
The presentation of the ninth edition of the White Book from the FIA Foreign Investors Association took place in Moldova, reports Logos Press.
The state recognizes existing economic inequalities and is taking steps to mitigate them. However, the transition to a more predictable economy requires an end to the war.
There are seemingly contradictory trends. In 2024, the absolute (monetary) poverty rate in Moldova increased by 2 p.p. compared to 2023 and amounted to 34%. In other words, one third of the Moldovan population lived on less than 3493 lei (€181) per month per person. At the same time, the share of the population living in multidimensional poverty decreased by 1 p.p. and amounted to 26%. This means that about a quarter of the population suffers from insufficient access to such benefits of civilization as health care, education, quality housing and decent jobs.
Income inequality is growing in Moldova: the top 20% of the population in 2024 received almost 42% of total income. The share of the poorest 20% remains almost unchanged. Experts believe that reducing the gap will require not only increasing minimum wages and pensions, but also, in the medium term, implementing elements of progressive taxation and social reforms.
This year, the topic of the well-being of the country and its citizens is particularly acute. Moreover, in different aspects – from the multidirectional arguments of politicians to the country’s ratings that pop up from time to time. It has also become central for the expert community: the annual conference MACRO-2025, organized by the independent analytical center “Expert-Grup”, focused on the issues of reducing income inequality and economic divergence of the country on the way to Europe.
According to the first experimental calculations, 3 out of 10 enterprises in Moldova are headed by women, and 4 out of 10 enterprises are created by women, Logos Press reports.
Moldova has been trying for several years to get off the “black list” of the Paris Memorandum on Maritime Security, but due to staff “starvation” and low salaries at the Maritime Agency, its advancement in the ranking has stalled, Logos Press reports.
The sharp jump in chicken egg prices in Moldova is due to the fact that most EU countries have registered large-scale outbreaks of avian flu, which led to a reduction in production and an increase in egg prices.
A parliamentary initiative to abolish legal provisions restricting the use of cash when buying real estate has been recorded in parliament. The provisions are contained in a draft law registered by the faction of the Alternative bloc. The document is aimed at removing barriers to cash payments when buying real estate.
The General Inspectorate for Migration and the Ministry of Labor and Social Protection will intensify efforts to integrate foreign workers into the Moldovan labor market, Logos Press reports.
In Moldova, legislation on the functioning of free economic zones (FEZs) will be harmonized with the provisions of the new Customs Code to distinguish between warehousing and production regimes.
The granting of the right to employees to purchase securities of enterprises will be carried out at a preferential price or on a free basis, and the rights, obligations and conditions of their participation in the Long-term Incentive Program (stock option plan) will be established on the basis of a special agreement with them, – reports Logos Press.
Small and medium-sized enterprises (SMEs) in Moldova will be supported to reduce energy costs and increase competitiveness, Logos Press reports.
The annual volume of cargo transported by all types of transport in January-September increased slightly and reached a total of 14.3 million tons, Logos Press reported.
The total amount of loans granted to 979 entrepreneurs exceeded 4 billion lei, while investments in the national economy reached 6 billion lei, Logos Press reported citing data from the Ministry of Economic Development.
Annualized industrial production growth was 9% in September, mainly driven by manufacturing, Logos Press reported.
Business representatives oppose amendments to the current legislative framework regulating the activities of the State Labor Inspectorate (ISM) and the general regime of state control in the field of labor, Logos Press reports.
Under the slogan “the whole economy should work for European integration”, the authorities are trying to use all internal and external resources. Mostly credit resources. And in all possible and impossible ways. But they are still catastrophically lacking. The government and the National Bank are now acting remarkably well, stimulating sources of replenishment of funds, trumpeting successes and keeping silent about failures. It is not always possible, of course, to present it under the sauce of “for the benefit of the Moldovan economy”.
