Moldova's Economic Growth

What market trends are you seeing in Moldova?

We are observing several key market trends in Moldova in recent years:

• Economic Recovery - Moldova's economy is gradually recovering, with growth in sectors like agriculture and manufacturing.
• Digital Transformation - Businesses are increasingly adopting digital tools, especially in banking.
• Sustainability - There is a growing focus on environmentally friendly practices and green technologies as renewable energy production.
• SME Development - SMEs remain crucial, with increased support for their growth and access to finance.
• European Integration - Closer ties with the EU are opening up new trade and investment opportunities.

These trends are shaping a dynamic business environment, and we at ProCredit Bank are committed to supporting our clients through these changes.

What makes your country special for companies seeking business in Moldova?

Positioned between Romania and Ukraine, Moldova provides easy access to both EU and CIS markets. The country boasts a highly skilled and multilingual workforce, particularly in IT and tech. Moldova has competitive tax rates, including a flat 7% tax on revenue for IT companies and 12% for other industries. Lower operational costs compared to many Western countries make it an attractive destination for investment. These factors create a conducive environment for businesses looking to expand in the region.

Can you share a recent success story ProCredit Bank Moldova?

Here are two recent success stories from ProCredit Bank Moldova:
A local farmer, secured a long-term investment loan from ProCredit Bank Moldova. This funding enabled the purchase of a new refrigerator and a production line for sorting and preparing fruits for export to EU markets. This shift from the traditional Russian market to the EU is a trend we've observed over the past three years. It often requires significant investment to meet EU standards, and we are proud to support businesses in making this transition.

Another client, involved in production of mineral water, invested in photovoltaic panels to produce their own electricity, financed by ProCredit Bank. This investment helps mitigate the impact of fluctuating electricity prices and ensures partial self-sufficiency in their production processes. Supporting such sustainable initiatives is a key focus for us, as it aligns with our commitment to promoting green technologies.

These examples highlight our dedication to supporting local businesses in their growth and sustainability efforts.

Which priorities do you see for your bank for the next year?

Our priorities for the next year at ProCredit Bank Moldova include:

• Supporting SMEs: Enhancing financial solutions and support for small and medium-sized enterprises.
• Digitalization: Expanding our digital banking services to improve customer experience.
• Sustainability: Promoting green financing and environmentally friendly practices.
• Customer Relationships: Strengthening long-term relationships with our clients through personalized services.

These priorities will help us better serve our clients and contribute to Moldova's economic growth.

Which opportunities do you see for German businesses in Moldova?

Additionally, Moldova's closer ties with the EU offer expanded market access and investment incentives. ProCredit Bank's strong regional presence and extensive network in South Eastern and Eastern Europe can provide valuable support to German businesses entering the region. Our deep market knowledge, local expertise, and tailored financial solutions ensure a smooth and successful market entry.