great place to live and to locate you business Ministry of Economy of the Republic of Moldova

Transcription

1 Invest in Moldova great place to live and to locate you business Ministry of Economy of the Republic of Moldova

2 Moldova a strategic location Proximity to key markets European Union Market Commonwealth of Independent States Market Population 501 mln. GDP $ tril. Population 276 mln. GDP $2.906 tril. 2

3 Moldova key facts Government Parliamentary republic independence day: 27 aug Population 3,6 million Literacy 96% Workforce 1,2 million Unemployment rate ,4% Inflation rate % GDP (2009 preliminary data) $ 5,4 billion GDP per capita (2009 preliminary data) $

4 Moldova the structure of the economy 4

5 Foreign Trade by country Foreign Trade data for 2009, NBS, Customs Service 5

6 Foreign trade by type of product Foreign trade data for 2009, NBS, Customs Service 6

7 Foreign Direct Investment Structure Real-estate transactions; 13,5% Transport and Communications 13,0% Manufacturing Industry; 18,8% Wholesale and retail trade; 20,5% Electricity, Water and Gas; 6,4% 5,1% Financial Services; 22,7% Construction; 2,1% Hotels and restaurants; 1,5% Agriculture; 0,7% others; 0,8% FDI by sector in cumulative FDI stock at , NBS 7

8 Origin of Foreign Direct Investment in Moldova FDI by country of origin in cumulative FDI stock at , NBS 8

9 Foreign Direct Investment in Moldova FDI preliminary data, NBM 9

10 Banking sector key facts Today there are 15 operating commercial banks in Moldova. Foreign investors increased their presence in the banking sector of Moldova: o Gruppo Veneto Banca (Italy) purchased 100% of Moldovan Eximbank; o Groupe Societe Generale (France) became owner of a 70.57% stake in Mobiasbanca; o Banca Comercială Română (Romania) is established in Moldova, is part of Erste Group Bank AG (Austria) o ProCredit Holding (Germany) ProCredit Bank; o in 2006 Raiffeisen International Bank Holding AG (Austria) opened a representative office 10

11 Five reasons to invest in Moldova 11

12 Reason 1: Fiscal incentives A. 0% Corporate Income Tax, 15% share paid upon the distribution of dividends Corporate Income Tax in the Region Romania 16% flat rate Ukraine 30% for non-residents Serbia 10%/20% Slovakia 19% Slovenia 21% Bulgaria 10% Hungary 19% 12

13 B. 39 Double Taxation Avoidance Agreements (DTAA ) Austria Armenia Albania Azerbaijan Belgium Belarus UK Bosnia Herzegovina Bulgaria Canada Czech Republic P. R. China Croatia Cyprus Greece Switzerland Estonia France Russian Federation Germany Israel Italy Japan Kazahstan Kirgiz Republic Latvia Lithuania Macedonia Netherlands Poland Romania Slovenia Slovakia Serbia and Montenegro Tajikistan Turkey Ukraine Hungary Uzbekistan 13

14 eason 2: Opportunities in the Free Economic Zones 14

15 eason 3: Competitive Labor Costs Workforce costs in the region Romania 4.0 /hour Ukraine 2.0 /hour Bulgaria 4.0 /hour Moldova 1,1 /hour 15

16 Reason 4: Trade Agreements 16

17 Reason 5: Openness to foreign investments 17

18 Continuous improvement of investment climate Doing Business in 2010 rank Doing Business in 2009 rank Change in rank Doing Business Starting a Business Dealing with Construction Permits Employing Workers Registering Property Getting Credit Protecting Investors Paying Taxes Trading Across Borders Enforcing Contracts Closing a Business

19 These companies have already successfully invested in Moldova 19

20 Moldova offers rewarding investment opportunities! Ministry of Economy of the Republic of Moldova 20