Moldova has turned a corner in recent years.<\/p>\n
Text Toivo Kivikoski<\/p>\n
Having been granted EU candidate status in June 2022, the prospects of Moldova’s EU accession create newfound business potential for firms interested in the Moldovan market. Deputy Prime Minister, Minister of Economic Development and Digitalization Dumitru Alaiba<\/strong> sees Moldova\u2019s future following a similar path to the countries of Central and Eastern Europe. The EU accession process of countries like Poland, Czechia, and the Baltic states and its importance in creating dynamic and growth-oriented national economies is what lies ahead for Moldova as well.<\/p>\n Moldova is a young country and at the beginning of this process, according to Minister Alaiba. However, this also presents lucrative opportunities for investors in the long run, with the next decades looking very profitable for companies now entering the market.<\/p>\n – Moldova is at a decisive moment in our history. We realize that the economy is crucial in consolidating the pro-EU support in Moldova and that EU integration provides further economic opportunities in Moldova, tells Minister Dumitru Alaiba.<\/p>\n “Moldova is at a decisive moment in our history.”<\/p><\/blockquote>\n Moldova has historically struggled with issues of corruption, transparency, and bureaucracy. In recent years Moldova\u2019s economy has undergone significant deregulation processes, including reducing bureaucracy by 0.5% of national GDP value in 2023. The work being done to improve the economic conditions in Moldova is encouraging, but there is still more to be done.<\/p>\n Nevertheless, Alaiba strongly believes that Moldova will overcome these barriers and can provide investors with an easily accessible and efficient business environment. One concrete action to enhance business activity is a focus on digitalization, which has seen rapid improvements in recent years.<\/p>\n