Annual Report 2010 - AmCham Moldova

Membership Benefits & ServicesA n n u a lR e p o r t2 0 1 0AmCham Study“Constraints in investment activity”During the period April – May 2010 AmCham accomplisheda specific analysis of constraints in investment activity,based on a sample questionnaire from the Ministryof Economy of Moldova. Only AmCham members were involvedin providing data for this particular study, whereas inthe meantime similar studies were performed by the Ministryof Economy involving different private companies.The purpose of the study was to fairly examine particularitiesof Moldovan investment climate and the way Am-Cham members appraise it.Potential implications of this study could lead AmChamto properly investigate areas with poor outcomes andacknowledge areas that could be considered favorablestrong factors of Moldovan investment climate. This studymay be of use in dialogue with Moldovan authorities aimedto improve general and particular elements of investmentactivity, but also could be used by potential investors inMoldova.The study offers for review, inter alia, the following topics:• General conditions characterizing investment activity• Relation between public authorities and investors• Infrastructure development and access to resourcesunder favorable conditions• Tax regime, customs regime, labor force• The innovational potential• Overall attractiveness of Moldova for foreign investors• Measures that must be undertaken to improve investmentclimate in Moldova• Other particular subjectsThe respondents mentioned that the most favorable factorsthat influence inflow of investments in Moldova are:• Overall assessment of the attractiveness of legislationon investments• Availability of free trade regime within CIS countriesand autonomous trade preferences with EU countries• The level of labour remuneration• Presence of business partner in MoldovaAt the same time the respondents mentioned that themost difficult factors are:• Political and economic stability• The degree of current infrastructure• Access to financial resources• Quality of the state services rendered to investors andparticipation of regional and local authorities in supportof businessAltogether, the respondents appreciate their decision toinvest in Moldova on a scale of 3,6 out of 5.AmCham is committed to perform similar studies annually,in order to track the development of investment climate,in parallel informing relevant state authorities aboutprogresses registered.A publication of the American Chamber of Commerce in Moldova21