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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"

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This section contains economy and business opportunities and from Moldova.
Moldova Economy Moldovan Economy, business opportunities in Moldova.
Summary:
Capital Repair Works Of Dormitory No. 1, 4Th Floor At I.P. "Iulia Hasdeu" College From Cahul
Country:
Moldova
Estimated Cost:
MDL 1547322
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Current Repair Services Of The Service Rooms In The Igsu Headquarters In Gh. Asachi Str., 69, Chisinau Municipality (Repeat)
Country:
Moldova
Estimated Cost:
MDL 363792
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Culture Media
Country:
Moldova
Estimated Cost:
MDL 1686284
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Physical-Radiological Performance Testing Services Of Radiological Devices 2024
Country:
Moldova
Estimated Cost:
MDL 15000
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Purchase Of Dairy Products
Country:
Moldova
Estimated Cost:
MDL 153333
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Design Services For The Repair Of The Roofs Of The Buildings In The City. Străseni (Directorate Of Csp Chisinau), City Ceadîr Lunga (Csp Comrat Directorate) And Or. Taraclia (Csp Cahul Directorate)
Country:
Moldova
Estimated Cost:
MDL 267501
Notice Type:
Tender Notice
Deadline:
04 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Immunohistochemical Reagents Compatible With Autostatiner Link 48 (Closed System)
Country:
Moldova
Estimated Cost:
MDL 1000000
Notice Type:
Tender Notice
Deadline:
16 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Construction Materials, Technical-Sanitary Materials And Related Products For The Year 2024, Stage I
Country:
Moldova
Estimated Cost:
MDL 1319837
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Reagents And Consumables Required For The Rapid Point 500 Gas And Ion Analyzer For A. 2024
Country:
Moldova
Estimated Cost:
MDL 879600
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Mower - Tractor
Country:
Moldova
Estimated Cost:
MDL 175000
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
22 Apr 2024
 
 
 

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