Moldova has a population of 3.6 million (2016). Out of that totak, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300, compared to twice as in Romania and Bulgaria.
Proximity to EU, CIS and Turkish Markets
Through Moldova there are accessible major world markets such as EU Market carrying 508 million population, CIS + Ukraine Market with 282 million as well as the Turkish Market with a population of 80 millions.
Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4,5%
* the increase of agricultural production by 18.8% in 2016 and 8.6% in 2017;
* the increase of the industrial production by 4.2% in 11 months of 2017;
* the increase of the budget revenues by 16.2% in 2017;
Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey.
Moldova also has the benefit of several preferential trade agreements with Norway, Canada, Switzerland, Japan and USA
There are numerous investment opportunities in such businesses as Agriculture and Food Processing, Assembly and Manufacturing and Logistics.
Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources to assure high land productivity. This, together with the favorable climacteric conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, forms an favorable background for investing in agribusiness.
Assembly and Manufacturing
The combination of well-educated, inexpensive workforce and leveraging free trade agreements calls for profitability in labor intensive industries (i.e. automotive suppliers, textile industry etc) and in industries that are affected by trade barriers to the EU and CIS markets.
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, Narrow-gauge rail network and Broad-gauge rail network, as well as air.
The Business Park is located within Giurgiulesti International Free Port on the maritime section of the river Danube in the Republic of Moldova in close proximity to the borders with Romania and Ukraine. Due to its geographic location, Moldova’s preferential trade regimes and well developed transportation infrastructure, residents of GIFP’s Business Park benefit from an easy access to the markets in the EU as well as the CIS.
GIFP Business Park residents may export goods to or import goods from the EU by rail via GIFP’s narrow gauge rail terminal, by truck (0.5 km from Romanian border, 260 km to Bucharest), by river barges via the Danube or by maritime vessels via the Black Sea and the Mediterranean. The Moldovan and other markets located within the CIS countries can be easily accessed by road (0.5 km to Ukrainian border, 230 km to Chisinau), railway via GIFP’s broad gauge rail terminal or by Maritime vessels via the Black Sea.
The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:
Unlike in other Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed throughout the Republic of Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to minimum investment obligations.
GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.
Low Operating Expenses
With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.
Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:
Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure
Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.
Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population
Lease of Land
There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.
Lease of Warehouse, Open Storage and Production Facilities
A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.
Lease of Offices
There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.
Upon request the management of GIFP Business Park will provide GIFP Business Park residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.