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Moldova

Financial Sector Enabling Environment in Moldova

Moldova
Ease of doing business (rank)	83
Starting a business (rank)	92
Starting a business - Cost (% of income per capita)	5.7
Starting a business - Procedures (number)	7
Starting a business - Time (days)	9
Starting a business - Minimum capital (% of income per capita)	8.7
Dealing with construction permits (rank)	168
Dealing with construction permits - Cost (% of income per capita)	69.3
Dealing with construction permits - Procedures (number)	26
Dealing with construction permits - Time (days)	291
Registering property (rank)	16
Cost (% of property value)	0.9
Procedures (number)	5
Time (days)	5
Protecting Investors (rank)	82
Getting credit (rank)	40
Trading across borders (rank)	142
Enforcing contracts (rank)	26
Enforcing Contracts - Cost (as % of claim)	28.6
Enforcing Contracts - Procedures (number)	31
Enforcing Contracts - Time (days)	327
Resolving insolvency (rank)	91

Source: World Bank Doing Business 2013 (RANK: Best=1; Worst=185)

Protecting investors

Moldova strengthened investor protections by allowing the rescission of prejudicial related-party transactions.

Paying taxes

Moldova made paying taxes more costly for companies by reintroducing the corporate income tax – but also made tax compliance easier by encouraging electronic filing and payment.

Enforcing contracts

Moldova made enforcing contracts more difficult by abolishing the specialized economic courts.

Resolving insolvency

Moldova strengthened its insolvency process by extending the duration of the reorganization proceeding and refining the qualification requirements for insolvency administrators.

Conclusion

Moldova scores relatively well for property registration and contract enforcement but corruption and corruption remain the weak spots of the business environment.

The most problematic factors for doing business in Moldova:

Corruption
Policy instability
Inefficient government bureaucracy
Access to financing
Inadequately educated workforce
Tax regulations
Inadequate supply of infrastructure

Detailed PFS Moldova High Level Financial Sector Overview Oct 2012 can be downloaded here.

Detailed PFS Regional Benchmarking Report Oct 2012 can be downloaded here.

IFTF Members from Moldova

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