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The Economic Situation and Investment Climate of The Republic of Moldova1
The Economic Situation and Investment Climate of The Republic of Moldova1
SITUATION OF THE
REPUBLIC OF MOLDOVA
1.THE ECONOMIC SITUATION OF THE REPUBLIC OF
MOLDOVA
Despite the multiple crises that affected the Republic of Moldova in 2022, it was possible to maintain a
relative macro-financial stability. Thus, the national currency remained in place, the banking system
proved to be resilient and well capitalized, and the public finance system remained under control. This
was possible mainly thanks to the financial, technical and political support from the development
partners.
In the second quarter of 2023, a moderate increase in economic activity is estimated (short-term balance
+6.4%) and a relative stability of sales revenues (short-term balance +3.7%). Regarding the number of
employees, the managers estimate a relative stability, the short-term balance being +4.8%. For the prices
of products (goods), an increase is forecast in the next three months (short-term balance +14.1%).
!
Annual inflation rate - 21.98
GDP, quarter IV 2022, current prices, million lei
74,784.6
GDP volume index, quarter IV 2022 / quarter IV 2021,
% 89.4
GDP 2022, preliminary, current prices, 272,555.9
million lei
Index of the physical volume of GDP, 2022 / 2021, %
94.1
Retail and services
short-term balance +5.7%), sales revenues (short-term balance
+2.6%), as well as the number of employees (short-term balance
+4.4%). At the same time, a moderate increase is estimated for sales
prices (short-term balance +14.5%).
Construction
(short-term balance +3.0%); sales revenue (short-term balance
+3.4%); the number of employees (short-term balance +4.2%).
Regarding the prices of construction works, their increase is expected
(short-term balance +14.0%).
Manufacturing industry
short-term balance +11.7%); sales revenue (short-term balance
2.Parts of the economy that are doing well
+9.1%); the number of employees (short-term balance +6.7%);
industrial product prices (short-term balance +12.0%).
3.MY FORECAST ABOUT ECONOMIC SITUATION
I believe that the crises that our country faced last year directly influenced the economic development of
2023.
In 2023, the national economy could only hope for a minor advance. Thus, in 2023, the economy of the
Republic of Moldova will face major challenges due to the continuation of the military conflict in Ukraine
and Russia.
If the Government will try to attract foreign investments in IT and tourism, a nominal increase of 13% in
salaries and a real increase of 1.5% is foreseen. According to estimates, in 2023 the unemployment rate
will be around 3.5%.
4.Which types of business are making profits ?
FRANCHISE
SALE TRADER
FREELANCE
THE MOST
IMPORTANT
PARTNERSHIP
LIMITED COMPANY
5.WHAT SORT OF BUSINESSES ARE A GOOD
INVESTMENT?