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Country data

3.6 million
33,800 sq km

Key developments and challenges

  • The economy has recovered from last year’s recession. Industrial output increased in response to more favourable external demand, agricultural output recovered from the drought, and remittances have continued to grow, although they still remain below their peak prior to the 2008-09 global financial crisis.
  • Long-standing governance problems in the banking sector flared up. Ownership changes in one of the largest banks led to a dispute among shareholders, and another systemic bank was de facto privatised through its recapitalisation. These events highlighted the limited capacity of the central bank – the National Bank of Moldova – to effectively enforce fit and proper policies, as well as the weakness in the country’s judicial system to secure property rights.
  • The authorities continued to make progress towards approximation with the European Union (EU). Negotiations were concluded on an Association Agreement and the creation of a Deep and Comprehensive Free Trade Area (DCFTA) with the EU. Economic ties with Romania were strengthened, with the initiation of several energy projects.

Moldova in the 2013 Transition Report

Man in factory, Moldova

Our work in Moldova

In Moldova our areas of focus include banking, food processing, manufacturing, ICTs, retail and property.


Key facts about the EBRD's work in Moldova

No. of projects


Net EBRD investment

€818 million

Gross disbursements

€447 million

Portfolio in private sector



Last updated 31 December 2013

View factsheet

EBRD pledges support for Moldova

Sir Suma Chakrabarti, EBRD President, has pledged support for Moldova as country embarks on a path towards reform while in Chisinau on the second day of his first joint international trip to a country of operations with EIB President Werner Hoyer.

Our strategy in Moldova

The Bank will focus on three key areas in Moldova: private enterprise, financial institutions and infrastructure. 

And to enable Moldova to take full advantage of its new EU neighbourhood status, the EBRD will give priority to infrastructure projects that promote regional integration and interconnection with neighbouring countries.

Read strategy


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