News about Small and medium-sized businesses

The Organization for Entrepreneurship Development (ODA), in partnership with the World Bank Group and with the support of the Government of the Republic of Moldova, is launching the “Export Accelerator,” aimed at small and medium-sized enterprises seeking to develop their export capabilities and expand their presence in international markets.

For many years, the founders of British tech companies followed a familiar scaling model: they hired local employees, raised capital, and built teams close to home. But rising costs, a shortage of talent, and increasingly complex operations are forcing many to rethink this approach.

The Liberal Democratic Party of Moldova (LDPM) has prepared an analytical report “Causes of the Tax Burden in 2027 and Its Consequences for the Population and the Economy,” in which it examines the reasons that led to the adoption of the new tax policy for 2027, as well as the consequences it may have for the economy of the Republic of Moldova, the business community, and the country’s population.

The Ministry of Finance intends to streamline the system of tax regimes and revise the rules for independent entrepreneurs working in the retail sector. It plans to maintain a preferential tax regime for them while raising the tax rate to 3%.

A public discussion on the draft budget and tax policy for 2027 will be held this week at various venues. The document has been discussed by the Economic Council under the Prime Minister and is scheduled to be reviewed by the tripartite commission on collective bargaining, comprising the government, employers’ associations, and labor unions.

A well-known IT entrepreneur who served as president of the Association of IT Companies of Moldova for 15 years, Veaceslav Cunev, commented on the tax initiatives put forward for discussion by the Ministry of Finance regarding changes to tax policy for 2027.

The European Bank for Reconstruction and Development (EBRD) has announced a call for proposals to conduct a market study on green certification for small and medium-sized enterprises in Moldova.

The State Tax Service is expanding the automatic exchange of financial information with foreign partners. Parliament has ratified amendments that include digital assets, such as cryptocurrencies, in the reporting system and expand the range of data subject to automatic exchange.

Starting in 2027, the Moldovan authorities intend to streamline the system of tax regimes by reducing their number and revising the conditions for their application. The general tax regime, the independent entrepreneurship regime, and preferential regimes for special economic zones and the information technology park will remain in place.

The National Bank of Moldova (NBM) and the Organization for Entrepreneurship Development (ODA) will conduct joint training and educational activities to improve the financial skills of entrepreneurs, including small and medium-sized enterprises, startups, and the self-employed. The heads of the two institutions—Anca Dragu and Vadim Codreanu—signed a corresponding Memorandum of Cooperation.

High-quality products, fast order delivery, expert advice during the product selection process, and competitive prices—you can find all of this on a single website: SmadShop.md, the largest online store in the Republic of Moldova. The variety of products is provided by approximately 70 suppliers from Romania, more than 50 from Poland, as well as suppliers from China, Slovakia, the Netherlands, Turkey, Ukraine, and 180 suppliers from the Republic of Moldova. Thus, it can be said that the SmadShop.md platform features over a thousand stores offering more than ten thousand types of products.

The authorities are proposing to review the system of business deductions and simplify it by amending Article 24 of the Tax Code.

The Ministry of Economic Development and Digitalization announces the launch of public consultations on a comprehensive package of measures aimed at further digitalization and deregulation of business processes. According to the ministry, the proposed draft regulations eliminate operational and tax barriers and reduce regulatory requirements for e-commerce, including on social media.

Swiss voters rejected an initiative to cap the country’s population at 10 million. Fifty-five percent of citizens voted against the proposal put forward by the right-wing Swiss People’s Party (SVP).

Domestic producers who continue to export goods to Russia and Belarus need to be helped in finding new sales markets in light of the risks associated with the possible closure of these directions. This was stated by Deputy Prime Minister and Minister of Economic Development and Digitalization Eugen Osmochescu.

The authorities are shifting from the mechanical reduction of regulations that characterized previous periods to a process of “smart” debureaucratization, designed to ease the burden on the business environment through modern technological solutions and cost minimization.

In May of this year, the State Tax Service sanctioned 640 individuals engaged in illegal business activities.

The National LEADER Network for Rural Development of the Republic of Moldova (RNDRL) announces the launch of a new phase of the national “Ecotourism Compass” program. The initiative is aimed at training small entrepreneurs in rural areas who seek to develop sustainable, innovative tourism services linked to the natural environment, culture, and traditions of local communities.

Under a bill passed by the Moldovan Parliament in its second reading, professional sports clubs in the Republic of Moldova will be able to operate as limited liability companies (LLCs) or joint-stock companies.

The Republic of Moldova has officially joined WorldSkills Europe—the European platform for the development of vocational skills and technical and vocational education.