Foreign Students Bring Moldova €60 Million a Year

International students bring Moldova €60 million a year

Every year, international students bring in around €60 million to the Republic of Moldova through tuition fees alone. Currently, more than 5,000 young people from other countries are studying at the country’s universities, the majority of whom are enrolled in medical institutions.

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According to Natalia Bejan, Director of the Investment Agency, educational services represent one of the sectors capable of generating significant revenue for our country. The money paid by international students for their studies effectively constitutes foreign income flowing into the economy of the Republic of Moldova.

“In recent years, we have had at least €60 million flowing into the country from international students. So this is a fantastic sector with enormous potential,” said the director of the Investment Agency.

Currently, the country’s higher education institutions are educating over 5,000 foreign nationals. Around 1,800 of them are enrolled at the Nicolae Testemitanu State University of Medicine and Pharmacy, although foreign students also study at the Technical University of Moldova and the State University of Moldova.

Student origins and contribution to the economy

The main influx of students comes from India and other Asian countries, though there are also citizens of the United States of America amongst them. The majority choose study programmes in the medical field. Moldovan higher education institutions maintain close cooperation with American universities, which enables them to attract dozens of students from the state of North Carolina. The head of the department described educational services as a promising area for foreign trade.

The development of education exports complements the country’s other promising export sectors, such as the IT sector – which recorded growth of approximately 7 per cent in the first half of the year – and medical services. Attracting a greater number of international students could help boost universities’ revenues and strengthen the country’s international standing.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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