A Memorandum of Understanding expressing joint commitment to the creation of the exchange was signed on September 15, 2025 in Chisinau during Moldova Business Week. Through this partnership, the government and representatives of the banking, financial, telecommunications and energy sectors aim to create a modern, transparent and competitive capital market.
Currently, the capitalization of Moldova’s stock market is 3-7% of GDP, compared to 10-30% in Eastern Europe and over 65% in the European Union. The new institution will contribute to narrowing this gap, with investments estimated at up to €300 million over the next decade.
The International Stock Exchange of Moldova will be organized as a joint stock company with an initial authorized capital of about 30 million lei (€1.5 million). The state, represented by the State Property Agency, will hold 20% of the shares, with the contribution to be provided from the sources envisaged by the Law on State Budget for 2025. A subsequent capital increase will be planned for the 2026 budget year.
The share capital structure includes:
- Bucharest Stock Exchange – 26.67%
- Public Property Agency – 20%
- maib – 10%
- DONARIS Vienna Insurance Group – 11.67%
- Grawe Carat Asigurări – 10%
- Moldindconbank – 6.67%
- MK Kredit Company – 5%
- OTP Bank Moldova, Moldcell and Premier Energy – 3.33% each.
The new stock exchange will allow companies to access alternative sources of financing by issuing shares and bonds. By increasing the transparency of the market, it will strengthen the confidence of local and international investors. This initiative will contribute to the diversification of instruments for financing the economy and reducing dependence on bank lending, according to the Moldovan government.
