Professional Documents
Culture Documents
41.98%
Employment
Population:
rate, 2018
3.55 million
January 1st, 2019
Area: In
fl
2 a
ti
o
n
ra
0
te
,
20
18
33,847
.9
Romanian
%
€6.333
Other spoken languages: (official)
G
GDP
Currency MDL:
1 EUR = 19.5
MDL t €9
curren
.5
February, 2019 prices,
2018,
billion
77
AUTOMOTI
VE &
INDUSTRY
2018/2019
7% 19, the
aut
00 om
otiv
+ e
ind
e ustr
o y in
p 201
l 8
e
e
m
p
l
o
y
e
d
i
n
2 crea o a n
ted n n ) A
, J
o i
d z
- e
0 b n
c C r
0 c e
n
o 5 b
r m 0 a
0 e t
i p 0 i
EU a
t v r j
R/ e
i e m a
job
h i n
+
e l ,
n l
2
.6 s i T
i o a
v n j
1
4 e i
2 p k
500 EUR/hou EUR/m F o i
s
ha r
r p
e u t
Full M e l a
buildab n
n
a
T t ,
all m r i
u a o U
country m d n z
s e ; b
a e
• F
A T k
a i
r A
r
y e s
w t
a i
n t a
2 w h n
0 i )
1 C
9
t I
h -
S
t c 2
Free Trade
h o 5
Agreements u 0
e n
signed with 43 t
r m
countries, E
i i
including: u e l
• D r s l
C o
F ( i
p
T A o
e
A r n
a
( n m
e p
D o
e U n
i p
e n u
p i a
, l
o a
t A e p
i M o u
o r l
n O g a
; r i t
g a i
• FTA with a , o
Turkey - n n
80 million i U
z k
population; a
• C r
E t a
F i i 8
T
A
o
n
n 8
e
,
0
U
f
N
M
o A m
I
r z i
K
D
e
r
l
(
e b l
K
m
o
a i
o
s
c
i
j
o
o
r a n
a n
v
c
o
y
c
) a
n
u
-
a d s
n
d t
M
3
0 o
o
E
c
l m
m
o
d e
i o
l
n v r
l
o
m
a s
i )
i
o
c -
d
n
u
p
D
e
6 t
o
v
0 y
p
u
e m -
l
l
o
i f
a
t
p
l
l
r
i
m i e
e
o
n
o e
n n
t
;
p
m
• G
U
(
G
o a
r
k
e
t
Contents
Industry overview..........................................................................................2
Human resources..........................................................................................4
Education..................................................................................................4
Favorable Location............................................................................................12
Competitive products........................................................................................14
Testimonials......................................................................................................19
1
Industry overview
After the local industrial network Source: Ministry of Economy and Infrastructure, 2019
collapsed due to social economic and
political changes in the region, the country
managed to keep a part
2
Photo credit: Alpha Industries ⁄ Spamol SRL
3
Automotive components industry
3
Photo credit: FEZ Expo-Business Chisinau I Fujikura Automotive
4
Human resources
Education 7,054
Vocational 7,025
schools Colleges
Well-educated young students, in
sector- specific faculties, are available to
work in companies and increase their
productivity. Moldova has strong technical
Source: National Bureau of Statistics, 2019
faculties and specific colleges, e.g.
Chisinau and Balti
5
Eng ine ering s,
Sou
Source: Higher rce:
National Institutions, Nati
Number of Bureau of ona
students in Statistics, II l
universities 2019 Economic sciences Bur
(Engineering eau
Number Law of
& Exact of Stat
Sciences), Engineering and
graduates Engineering activities istic
2018/2019 in s,
Arts and Humanitarian 201
colleges sciences
9
(Engineeri
Architecture and
ng & construction
Manufac Manufacturing
turing), technology
and
2018 processing
Exact Sciences
4,791
3,576
Engineering Sou
rce:
n Nat
1, ion
4 al 493
585 407
6 Transport Bur TeInf
ormation
C chnology &
Architecture ommunicatio
2 eau
&Construction n
of
Stat
1,
5 isti
0 cs,
8 201
1,216 9
Engineer
ing Stu- Gradu-
Architec Colleges, 2018
ture dents ates
Manufacturing &
Exact
sciences
& Processing Construction Economics 5,378 989
InformationTechnologies 2,594 493
B & Communication
S u
o r
E le c t r o n ic s and 1,158 549
u e
en e r g e t ic s
r a Mechanics & metal 1,508 475
c u
working
e o
Services (transport, 1, 342 207
: f hospitality)
N S
a t Electronics and 1, 130 268
automation
ti a
o ti Apparel Industry 787 261
n s
a ti Construction 1, 342 407
l c
6
Educational institutions
Briceni
VET
VET
VET
Soroca
VET
Drochia
VET
VET
x2
Glodeni VET
VET
x6 x2 Rezina
x5 Sîngerei
in 2018, Orhei
Ungheni VET
x2
thousand people VET
VET
Criuleni
VET
Nisporeni
of the of the
rayon City
rayon VET
x19 x2 6
/thousand capital
/thousand x12
Anenii Noi
city
83.2 8.8 Anenii Noi VET
Ialoveni
28.1 12.4 Basarabeasca
71.9 9.9 Briceni VET
Taraclia
LEGEND:
59.0 11.2 Glodeni VET
22.9 Ciadâr-Lunga
16.7 Vulcănești
7
Education system in the Republic of Moldova
Age
Post-doctorate
27 6
Doctorate
26 3-4 years
25
24 5
Higher Education
22
21 5
First Cycle Licentiate
(Bachelor)
20
3-4 years
4
19
18 3 College
17 2-5 years
3 Grammar 3
General School Professional
16 3 School
Secondary School 3 years
2 years X - XII 2 years
Trade
15
School
14
2
Compulsory Education
13 Secondary school
5 years
12 V - IX
11
10
9
1
Primary school
8
4 years
I - IV
7
6
0
5
One year compulsory pre-schooltraining
4
Kindergarden
3
I SCED Competition
7
based
The Exit to Dual Vocational
baccalaureate labor
level enrolment exam market Education
8
Operating costs and taxes
Moldova offers a highly-skilled,
competitively priced workforce. Labor factor for a strong business performance.
The quality of the labor force also derives
costs are among the lowest in the region
from the industrial experience and history of
and low enough to ensure cost-effective
Moldova, as it was one of the most
operations. This provides an attractive basis
industrialized republics in former Soviet
for a successful business.
times.
Evolution of the average gross salary in the
The gross wages in Moldova for workers economy 298€ 307€ 357€
in the industry sector range from 180 EUR to
225€ 224€ 220€ 235€
450 EUR, depending on the region and
professional level of the employee, which is
lower than the wages in the region. A
newly-graduated university student of
engineering could earn up to 600 EUR.
Moldova’s labor force combines low-cost 2013 2014 2015 2016 2017 2018 2019
with high productivity, thus reflecting the Source: National Bureau of Statistics, 2019
key
The minimum wage in Moldova developed very slow, in some years even decreasing. In
Romania, the minimum gross salary doubled in the last six years and is maintaining a
clear growth trend.
Moldova
19% Germany
19% 20% Turkey Poland
Czech Republic Romania Slovakia
16% France
21%
15%
12% 33%
6%
8
Source: PWC, Worldwide Tax Summaries 2018
9
Average monthly wages in comparison, 1314
2018 Czech
1180 Republic
1123 1137 Poland
1017 Slovakia Hungary
Romania
720
Bosnia &
590 591 616 Herzegovina
Structure of
the average
salary in
Moldova,
2019 (EUR)
T
o
t
a
l
L
a
b
o
r
C
o
s
t
,
4
3
8
9
E %
.17 m
E p 1
m l
p o 6
son l y
o e .
y r 1
e
e H 0
H e
S
Tax e a
o
al l
(PIT u
t t
r
h h
c
(12 In
I e
s
u n :
26.11 r s
a u I
n r n
c a v
e n e
T c s
a e t
x
( T
4. a M
5 x o
% l
) ( d
4 o
16.10 . v
5 a
There
Net Salary are
294.03 loca
tion
s
with
diffe
rent
sala
ries.
The
gros
Emp21.46 s
loye
Gross sala
Salary ry of
Soci 357
357.6 EUR
Secu 9 (full
y
load
ed
(6%)
1
or company cost) is a
country average in the
national economy.
Electricity,
water and In Free
Economic
sewerage is
Zones the
subject of
rental price
change,
for
depending
production
on the
halls is even
region.
lower, at
0.8 to 2
EUR per
square
meter.
1
Job creation subsidies
40,000 MDL (approximately 2,000 Euro) per job created at least 200,000 Euro per company.
ATU Gagauzia grants additional 20,000 MDL (approximately 1,000 Euro) per job created, and incentives for training
costs (50% for first 3 months’ salary).
COMPANY COMPANY
SUBMIT SUBMIT
COMPANY COMPANY
1
Virtual Park incentives for R&D and Engineering
The Information Technology Park is
governed by the Law no. 77 on IT Parks. The CIT (corporate income tax), PIT
(personal income tax), social security
purpose of the law is to boost the growth
and medical insurance taxes, local and
of the information technology industry,
real estate taxes.
R&D, Engineering, create new jobs and
attract local and foreign direct
reduced time and staff needed
investment.
for tax calculation and accounting;
One of the incentives granted by the
state to the residents of IT parks, is the significantly reduced risk of
application of a single tax of 7% on the committing errors in calculating
sales revenue. the tax obligations;
PIT
7%
Personal Income Tax
CIT Local Tax
Corporate Income Tax
1
data processing, web page management and
related activities (63.11)*;
information technology consulting activities
(62.02)*;
1
Favorable Business Climate
STARTING AND DOING BUSINESS IN MOLDOVA IN 2019 HAS BECOME EASIER
In recent years, important steps have been taken to improve entrepreneurial climate
in Moldova and make the country more attractive to foreign direct investors.
45 47 51 52 53 59 71
1 190
STARTING A
PAYING TAXES REGISTERING PROPERTY
BUSINESS
DB Ranking 2019 DB Ranking 2019
DB Ranking 2019
14 Moldova 35 Moldova 22 Moldova
Romania Italy
33
Belgium 49 23
Ukraine Hungary
Ukraine
56 54 Belgium 30 Romania
Italy
67 Hungary 60 Hungary 44 Ukraine
Bulgaria Bulgaria
82
Bulgaria 86 63
Italy Belgium
Romania
99 92 67
111 118 143
ENFORCING CONTRACTS PROTECTING MINORITY
GETTING CREDIT INVESTORS
DB Ranking 2019
DB Ranking 2019 DB Ranking 2019
17 Romania 33 Moldova
22 Romania
Hungary Bulgaria
Hungary 22 33
32 Ukraine
Bulgaria Belgium
32 Moldova
42 Belgium 57 Romania
Ukraine 64 Italy
44 Belgium 54
Moldova Ukraine
Bulgaria 57 72
60 Italy
Italy Hungary
60 69 72
112 111 110
1
Favorable location Giurgiulești International
Free Port
The outstanding location of Moldova and Moldova is also linked to Corridor VII
good transportation infrastructure provides (Danube from Passau-Germany to the
easy access to both CIS and European Black Sea) through the GIFP, situated at km
Countries. The excellent location enables 133.8 of the River Danube, direct
just-in-sequence and just-in-time delivery sea/river-borne transshipment and
of goods. Considering Germany, it takes 2 distribution point to and from Moldova. A
days for truck deliveries. regional logistics hub on the border of
the EU with access to road, rail, river, and
The longest Pan-European Corridor is
passing through Moldova. Railway and road sea. GIFP offers container, bulk, oil
corridor IX from Helsinki (Finland), St. terminals, and forwarding services.
Petersburg (Russian Federation), Gomel Transportation time
(Belarus), Kiev (Ukraine), Chişinău
Germany
(Moldova), Bucharest (Romania),
Dimitrovgrad
(Bulgaria), and C
Mol h China
Alexandroupoli i
dov (Ship)
(Greece) — n
a a 35 days
crosses the 2 (
country from days T
North to r
a
South, linking n
it to key trade S
i
partners. b
)
2
3
d
a
y
s
Country City S
Pitesti Dacia-Renault
Romania
Craiova Ford
Bielsko Biala Fiat Chrysler A
Poland Gliwice GM/Opel
Poznan Volkswagen
Gyor Audi
Hungary
Kecskemet Mercedes-Ben
Trnava PSA Peugeot C
1
Bratislava VW
Slovakia Zilina Hyndai/KIA
Austria Graz MagnaSteyr
Bosnia & H. Sarajevo Skoda
1
Competitive products
Moldova provides excellent
opportunities in Tier 2 and Tier 3 supplier
production in the Automotive Industry.
Automotive Supply
Chain structure:
Tier 1
System Modul Supplier
Tier 2
Component Supplier
Tier 3
Part - ⁄Raw material Supplier
Pr
Product Description
M
Seat and car covers, airbags, textile parts
Textile tapes, safety belts
Cables and wires
Wire harnesses
PU Foam
Plastic & Rubber molding injection
Steering wheels
Engineering and R&D
Embedded Systems
Foundry & Steel castings
Machine parts and components
Electronics EMS, SMT, THT
Metal construction (welding)
1
Success Stories &Industrial Competences
Mohyliv-Podolikyi
Otaci
Ocniţa
Briceni
Dondușeni
Edineţ
Soroca
Drochia
Rîșcani
Florești
Costești Șoldănești
BĂLŢI
Glodeni
Sîngerei Rezina
Fălești
Telenești
UKRAINE
Orhei
Ungheni
Călărași
Strășeni Criuleni
Iasi
Nisporeni CHIȘINĂU
Căușeni
Leova Odessa
Basarabeasca
Cantemir
COMRAT
Belgorod
Tvardita Dnestrovsk
ROMANIA Ceadîr-Lunga
Cahul
LEGEND Taraclia
Electronics
Vulcănești Bolgrad
R&D
Focsani
s
Free Economic Incentives in Free Economic Zone (FEZ)
Ph
ot
o
c
r
e
d
i
t
:
I
n
v
e
s
t
M
o
l
d
o
v
a
.
F
r
e
e
E
c
o
n
o
m
i
c
Z
o
n
e
B
a
l
t
i
,
S
u
b
z
o
n
e
2
16
Free Economic Zones & Industrial Parks
Kaluga, RU - 1063km
Tychy, PL - 771km Kiev, UA - 385km
Katowice, PL - 768km Vinnytsa, UA - 120km
Lviv, UA - 341km Mohyliv-Podolskyi, UA - 0.5km
Ivano-Frankovsk, UA - MD: Briceni MD: Otaci
215km Chernivtsi, UA - UA: Rososeni Mohyliv-Podolikyi UA: Mogiliov-Podolisc
105km
MD: Criva P63
UA: Otaci MD: Unguri
Mamaliga
Ocni�a UA: Bronnita
Briceni
M14
H10
Cupcini M4
Drochia M2
Baia Mare, RO - 443km
Suceava, RO - 97km Ra�cani
Bototsani, RO - 55km Florești
MD: Costești M14 M4
RO: Stânca �oldănești
BALTI
Glodeni Rabni�a
Rezina
24D
Sângerei M2
M4
M13
Fălești
ROMANIA M14
Telenești M05
Iași, RO - Orhei
24km MD:
Sculeni RO:
Sculeni Călărași
M21
Dubăsari
UKRAINE
24C Ungheni Criuleni
Grigoriopol
FEZ Location name Strășeni
Nisporeni M4
Iaș
FEZ Otaci i
Business
FEZ Mărculești Hub Airport CHIŞINĂU
(Florești) FEZ Bălți Ialoveni
M14
TIRASPOL M05
Subzone Strășeni Anenii M14
Noi
Subzone Pănăsești
M4
Arad, RO - 654km Hancești M3
Slobozia
Craiova, RO - 641km
Subzone Căușeni Pitești, RO - 531km
Căușeni
Bucharest, RO - 407km
Subzone Orhei MD: Leușeni Odessa, UA - 77km
RO: Albi�a MD: Palanca
Subzone Cahul Cimi�lia �tefan Vodă
UA: Udobnoe
FEZ BĂLTI
Owner: Public
SOROCA Subzone
Total area: 136 ha | Free buildable area: 130
ha Owner: Public
Master plan: Topography & Geology
17.6 ha
surveys
Buried services: Water, Electricity, Gas, Sanitation Land price: 1.5
Land price: 3.5 EUR/m²
EUR/m²
R1
M2
R1
M2
R38
R36
Land price: 0.15 EUR/m² Land price: 0.65 Land price: 1.5
EUR/m² EUR/m²
1
8
“Moldova has a competitive country profile, providing good opportunities
for business development. These are multiplied by the willingness of
Authorities and such Institutions as Invest Moldova, Invest Gagauzia and
GIZ to facilitate
the foreign investments.
We started our business in 2016, expanded in 2018, and see potential for
further growth of our operations in Moldova.”
Oliver Schacht,
Member of the Board, COO, SEBN SE
Igor Corman,
Administrator of SE Bordnetze SRL
“Ungheni and its free economic zone, where Lear Corporation Moldova
is placed since 2010, confirmed itself as a well performing and
competitive
plant. The geographical position (30 km from EU border), the proximity to the
European customer base and suppliers, as well as the dedicated labor force
are the right ingredients for a success story. We see potential for further
expansion of our business in Ungheni.”
Jaime Osuna,
VP of Trim Operations for Europe & Africa
1
Gregorio Isgrò,
Administrator at CONFEZIONI ANDREA MDV S.R.L.
2
“The DRÄXLMAIER Group is a reliable partner to the automobile
industry and one of the technological leaders in the premium segment.
We started our business in Moldova in 2007 and since then have
continuously expanded operations. This country proved to have great
potential for the development of our projects. DRÄXLMAIER made a
huge investment in Moldova and built a second plant in 2011 within
the Free Economic Zone in “Balti”, with full support by local and central
authorities. The inventor of the customer-specific wiring harness, the
DRÄXLMAIER Group stands for pioneering innovations in conventional
and alternative drive systems, as well as in electrical and electronic
components. Great extension of plant 2 in Balti in 2017 for new
DRÄXLMAIER projects in Moldova proved an outstanding investment in the
region. In 2018 we have successfully expanded our design & engineering
activities in Interiors in Chisinau Product Development Office in Technical
University campus, as well as built a new plant and started production
of wiring harnesses in Cahul. At DRÄXLMAIER, employees participate in
international projects of producing customer-specific wiring harnesses
and developing components and interior parts for the Premium
automotive industry.
DRÄXLMAIER is a pioneer in the field of apprenticeship. In 2014 the
company launched the Dual Education System and after one year the first
graduates have been hired. Implementing this system and continuously
training our staff, the company can guarantee a consistently high quality
of the education level.
DRÄXLMAIER is a responsible partner of the region and supports
various projects that help developing it, continuously supporting social,
education, sports and culture projects of the region.”
Guido Meinelt
DRÄXLMAIER Country Speaker for Moldova, Plant Manager at
DRA Draexlmaier Automotive SRL
Fabio Zanno,
2
Chief Operating Officer Kab-lem Group
Andrea Bobbo,
Sales R&D Manager
2
THE MOLDOVAN
INVESTMENT AGENCY
THE ONE-STOP SHOP FOR ALL YOUR
INVESTMENT QUESTIONS
ASSISTANCE & INFORMATION
2
AFTERCARE
Platforms for Investors
Council for the promotion of projects of national importance, chaired by
Prime Minister
Economic Council to the Prime Minister of the Republic of Moldova
41 associative structures of the business
community 43 state institutions
16 representatives of the scientific and research community
6 Working groups:
Eliminating constraints in entrepreneurial activity: Coordinator - American Chamber
of Commerce (AMCHAM)
Facilitation of trans-border trade: Coordinator - European Business Association (EBA)
Stimulation and retention of private investments : Coordinator - Foreign Investors
Association (FIA)
2
The Moldovan Investment
are bd., Chișinău, Republic of Moldova, MD-2012, Tel.: +373 22 27
Agency 36 54
is the prime source Our team consists of
3 10 of information and permanent investment
assistance for potential attraction staff, sectorial
investors. consultants, as well as
nvestment Agency regional officers. Combining
our experience, we are
We provide tailored
services for potential able to provide you with
investors throughout the information relevant for
investment decision your decision making, as
process. We also support well as links to businesses
existing investors in and government.
extending their operations.
2000km
Sankt Petersburg
1500km
Nijnii Novgorod
1000km
Kaluga
Minsk Tolyatti
Bremen
Poznan
Wolfsburg
500km
Leipzig Glewice
Genk Katowice
Mlada Boleslav Kiev
Kolin Lviv
Paris Sindelfingen
Bratislava
Balti Zaporoje
Munchen Esztergom MD
Gyor Chisinau
Oradea
Graz
Pecs
Timisoara
Novo Mesto
Turin Pitesti
Sarajevo Craiova
Pamplona
Valls
Bursa