Moldova
Membership in EU:
Political system:Republic
Capital city:Chisinau
Total area: 33 843 km²
Currency:Moldovan leu (MDL)
Economy | Business Protocol | Legislative and Political System | More about the Country | Order a Business Information Report (BIR)
Economy
Statistical Office

Chamber of Commerce and Industry

Entrepreneurship in the Country

The country's economy is weak. It depends heavily on agriculture (fruit and wine growing, tobacco, vegetables, potatoes, sunflowers and cereals). The important sector is also animal husbandry (pigs and cattle), as well as food, textile and shoe industries. It has no mineral resources
Business Directories

Local Communities

Business Protocol
Business Meetings

It is often difficult to schedule meetings in July and August, which is a common vacation time.
Businesspeople are often unavailable during the two weeks before and after Christmas and the week before and after Easter.
Arrive on time and be prepared to wait.
Punctuality is common in entrepreneurial companies or those that frequently do business in the international arena.
Meetings are generally formal and follow old-world rules of courtesy.
Wait to be told where to sit. There is often a strict protocol to be followed.
Expect to spend time getting to know people before delving into the business purpose of your visit.
Presentations should be factual and easy to understand.
Avoid hyperbole or making exaggerated claims.
Business Negotiation

Business is hierarchical. Decision-making power is held at the top of the company.
Most decisions require several layers of approval. At times it may appear, that no one wants to accept responsibility for making the decision.
It may take several visits to accomplish a simple task.
Hire your own interpreters for meetings and negotiations.
Sales base on confirmed, irrevocable letters of credit. Use local banks that are correspondents of western banks.
Avoid confrontational behaviour or high-pressure sales tactics.
Decisions are easily reversed.
Use an indirect negotiating style. Being too direct is viewed as poor manners.
Contracts function as statements of intent. It is expected that if circumstances change, the contract will accommodate the revised conditions.
Legislative and Political System
President

Government

Prime Minister

Ministries

Constitutional Court

Legislation

More about the Country
Geographical Characteristics

The Republic of Moldova is a landlocked country in Eastern Europe, located between Romania to the west and Ukraine to the east.

The largest part of this hilly country lies between two rivers, the Dniester and the Prut, and it represents the hinterland to the Black Sea.

Languages

Moldovan (Romanian).
Short History

The Union of Soviet Socialist Republics (USSR) that existed from 1917 to 1991, consisted of 15 Soviet Socialist Republics, and Moldova was one of them.

After the fall of the soviet regime they all became independent, some of them joined the so-called loose union - the Commonwealth of Independent States (CIS).

Moldova gained its sovereignty in 1992.

Time Zone

GMT/UTC + 2
International Dialing Code

+373
Average Temperatures

July 20 0C, January -4 0C.
Opening Hours of Banks

Monday - Friday: 10.00am – 6.00pm.
Opening Hours of Post-Offices

Monday - Friday: 9.00am – 6.00pm.
Opening Hours of Shops

Legally permitted opening hours:

 

Monday - Friday: 9.00am – 5.00/8.00pm.

Saturday (bigger trade centers): 8.00am – 8.00pm.

Credit Cards

Credit cards are accepted in Moldova in cities and holiday resorts: the most common credit cards, such as American Express, MasterCard and Visa are accepted in hotels, restaurants and shops.
Foreign Currency Exchange

Apart from the banks, foreign currency can be also exchanged in exchange offices, hotel receptions, tourist agencies, petrol stations and some larger department stores.
Mobile Telecommunications

The country is almost entirely covered by mobile telephony signal. The main operators have concluded contracts with larger European and world operators. Mobile phones in the country are designed to function within the network of frequency bands 900 MHZ and 1800 MHZ. You can host in the following mobile networks: Voxtel, Moldcell, Eventis Mobile.
Emergency Telephone Numbers

Police

902

Medical emergency

903

Fire emergency

901

Population of the State

Population of the Capital

Demographics

Religion

© 1996-2011 Slovenska knjiga d.o.o. | About the authors