Enterprises with Direct Foreign Investments Contributed 3.3 bln. MDL to Moldova's Social Fund in 2023

Enterprises with direct foreign investments have contributed 3.3 billion lei to Moldova’s social insurance budget in 2023. As the agency INFOTAG reports, these are the data of the study “Impact of foreign direct investments on the Moldovan economy in 2014-2023”, prepared by the consulting company Business Intelligent Services (BIS) at the request of FIA.

Such contributions reached 14.8% of the total last year. On average, enterprises with direct foreign investments transferred 41.2 thousand lei per employee to the state social insurance budget in 2023. In comparison, private enterprises transferred on average 19.5 thousand lei per employee. This reflects the relatively lower level of wages at these enterprises.

“Foreign investors continue to believe in Moldova’s future. We see the efforts made by the Moldovan leadership and citizens on the country’s European path, despite the challenges in the world and in the region. We continue to invest in the sustainable development of their companies, local communities and the Moldovan economy as a whole” – said Alphan Akpece, Chairman of the FIA Board, General Director of Efes Vitanta Moldova Brewery.

The Foreign Investors Association of the Republic of Moldova was established in 2003. It consists of 26 companies from 15 countries. These are the largest enterprises with direct foreign investments in Moldova, employing more than 23 thousand people. The total volume of investments exceeds 2.6 billion euros (19% of Moldova’s GDP).

Source: Infotag