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Economy of Moldova and business opportunities

Economy of Moldova

Moldova is a former Soviet republic in Eastern Europe. It is landlocked, bordered by Ukraine on the east and Romania to the west. The Republic of Moldova remains Europe's poorest nation with per capita incomes on par with Nicaragua and Ghana and half that of Albania.

Moldova's proximity to the Black Sea gives it a mild and sunny climate. The fertile soil supports wheat, corn, barley, tobacco, sugar beet, and soybeans. Beef and dairy cattle are raised, and beekeeping is widespread. Moldova's best-known product comes from its extensive and well-developed vineyards concentrated in the central and southern regions. In addition to world-class wine, Moldova produces liqueur and sparkling wine. It is also known for its sunflower seeds, walnuts, apples, and other fruits. This makes the area ideal for agriculture and food processing, which accounts for about 40% of the country's GDP.

Moldova has experienced economic difficulties, like many other former Soviet republics. Since its economy was highly dependent on the rest of the former Soviet Union for energy and raw materials, the breakdown in trade following the breakup of the Soviet Union had a serious effect, exacerbated at times by drought and civil conflict. The Russian ruble devaluation of 1998 had a deleterious effect on Moldova's economy, but economic growth has been steady since 2000.

Moldova continues to make progress toward developing a viable free-market economy. The country recorded its fifth consecutive year of positive GDP growth in 2004, with year-end real GDP growth of 8%. This growth is impressive considering that, prior to 2000, Moldova had recorded only one year of positive GDP growth since independence. Budget execution in 2004 was also impressive, as actual consolidated budget revenues exceeded projections by 1.4% for most of the year.

Imports continued to increase more rapidly than exports during the first nine months of 2004; Moldova's terms of trade worsened, as higher-priced energy imports outpaced the value of Moldova's main exports-agricultural and agro-processing goods.

70% of total electrical energy power consumed in Moldova is imported from Ukraine and only 30% is produced in Moldova.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Moldova"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Moldova from all over the world..

This section contains economy and business opportunities and from Moldova.
Moldova Economy Moldovan Economy, business opportunities in Moldova.
Summary:
Purchase Of Devices, Devices, Spare Parts For Various Devices And Devices For The Repair And Current Operation Of Thermo-Automatic Devices And Measurements In Sait Source1, Source2, Ct West, Ct South, Stic Cet Source 1 (Repeat)
Country:
Moldova
Estimated Cost:
MDL 632600
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Household Goods And Hygiene-Sanitary Products
Country:
Moldova
Estimated Cost:
MDL 35000
Notice Type:
Tender Notice
Deadline:
04 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Complete Or Partial Construction Works And Public Works
Country:
Moldova
Estimated Cost:
MDL 162409
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Installation Works Of The Automated Irrigation System In The Pushkin Hill Square
Country:
Moldova
Estimated Cost:
MDL 829260
Notice Type:
Tender Notice
Deadline:
06 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Access System (Turnstiles)
Country:
Moldova
Estimated Cost:
MDL 175000
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Office Armchair On Wheels (Eco Leather Computer Armchair)
Country:
Moldova
Estimated Cost:
MDL 30000
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Food
Country:
Moldova
Estimated Cost:
MDL 308116
Notice Type:
Tender Notice
Deadline:
03 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Consultancy And Professional Training Services (Vat Rate 0) Repeated 3
Country:
Moldova
Estimated Cost:
MDL 120600
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Purchase Of Food Products For Kindergartens In Sărata Veche Commune For The Months Of May-June 2024
Country:
Moldova
Estimated Cost:
MDL 363750
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
The Purchase Of Petris According To The Needs Of The Town Hall Ciuciuleni Village, Hîncești District
Country:
Moldova
Estimated Cost:
MDL 375000
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
24 Apr 2024
 
 
 

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