Chişinău, the Heart of Moldova’s Economy

chisinauChişinău, the capital of Moldova, is the largest and most dynamic economic centre between the rivers Prut and Nistru.

The economic development of the city received a new impetus after the signing of the EU Association Agreements, which confer the prospect of entering the European community, and also provide additional guarantees to investors. With a stable population of 678,000 inhabitants, Chişinău is the largest Romanian city after Bucharest, and at the same time the most important economic centre of Moldova. The city is divided into five sectors. It is one of the most beautiful and greenest cities in Central and Eastern Europe. The Public Garden, which occupies a significant part of the city centre, is a great example of showing care for nature and for the quality of life of its residents. The universities in Chişinău, such as Moldova State University, Polytechnic or the Free University, offer high quality education, and their young graduates make for a workforce that   investors   appreciate.   Currently,   Chişinău    offers an interesting and dynamic economy and noteworthy opportunities for investments. Moreover, there are well- developed engineering skills and a significant experience in the field of high technologies. According to the academic Ion Bostan, part of the space programs of the former Soviet Union were carried out in Chişinău, which implied a special engineering culture that came to fruition in the recent years through international partnerships, but also through projects such as the launch of the satellite telecommunications Moldova 1, one hundred percent made in Moldova by Bessarabian engineers.

Presidential palace

Also, due to fair labour costs and high technical skills, Chişinău became one of the most important regional centres for the outsourcing industry. The signal for investment in this area came from Romanian companies, and now Chişinău began to attract many Western companies. One area in which Chişinău and all of Moldova excels at, is the agriculture and food industry. When it comes to wine production, we find renowned vineyards in Purcari, Cricova or Tomai. There are also major players in the production of fruit juices such as Orheivit, in the city of Orhei. Chişinău, is also the home of the world famous sweets „Bucuria” ( Joy) which gained an international reputation due to the excellent ratio between quality and price.

In infrastructure, Chişinău Airport is the main gateway for access into Moldova. The road infrastructure is currently being modernized. Moldova has no highways, but there is a dense network  of  European  roads and the upgrade of these roads will provide decent transportation to Romania and the rest of Europe. The railway infrastructure is a legacy of the Soviet era. The wide track railway lines could be doubled in the foreseeable future by switching to normal gauge lines, which would transform Chişinău into the main platform for the exchange of goods transported by rail from the former Soviet Union and from the EU.

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