Situated between Romania and Ukraine, Moldova emerged as an independent nation in 1991 after the collapse of the Soviet Union. In comparison to other European countries, Moldova is not considered to be as prosperous. But don’t let the numbers fool you—Moldova might have a small lower-middle income economy now, but it’s a country on the rise.
Moldova’s economy as a whole has been on the rise since 2001—since then, the country’s economy has seen steady annual growth of between 5-10% per year. Such significant progress has helped to reduce poverty and promote inclusive and sustainable growth.
Because of its location, Moldova’s economy is largely driven by agriculture with crops like vegetables, fruits, grain, sugar beets, sunflower seeds, and tobacco accounting for the bulk of its exports. Wine is also a huge industry in Moldova—with several large vineyards in the central and southern region of the country. In total, agriculture and food processing account for nearly 40% of the country’s GDP.
The currency is the Moldovan “leu” and inflation has historically been a challenge in Moldova, though in recent years significant measures have brought inflation back under control.
Moldova’s economy is expected to continue to grow an average of 4% per year which is fueled by government measures to enable new drivers of growth. One such revenue stream is the Moldova Citizenship by Investment Program. Launched in 2018, the program offers investors one of the most economical routes to European citizenship.
This direct influx of foreign investment is being used to power progress across all sectors and ensure sustainable development for the country.
For those interested in an economical way to directly contribute to the growth of an up and coming nation, Moldova offers an attractive Citizenship by Investment program. Investors make a contribution to the Public Sustainable Development Fund of Moldova, the Public Investment Fund (PIF) for a minimum investment of just €100,000 for a single applicant.
If you’re interested in investing in this affordable program and supporting the growth of an emerging nation, contact us today to get started.