Impact of Free Zones on Economic Performance: A Case Study of the Republic of Moldova

Abstract

The development of the free market economy, industrial and production globalization, the development of new forms of trade and the introduction of special facilities in special areas led to an economic boost. FEZs can cover various types of economic activities, depending on government policy and specific objectives for each goal, being created to stimulate industrial production and manufacturing of goods. According to the official information on the website of the Ministry of Economic Development and Digitalization, there are 7 FEZs operating in the Republic of Moldova in 2023. In 2022 the increase in income, as a continuity effect in the national economy, in the 7 economic zones operating on the national territory, constituted approximately 663 million US dollars. The biggest share of investments was made in the FEZ "Bălți" - the amount of investments 281.64 million US dollars. During the years 2009-2022, in the FEZ, the positive evolution of the investment growth rate indicator was recorded by 37.6%. The study is preliminary, being the basis of complex research, which will be developed within the doctoral training program.

Keywords

• republic of moldova
• fez
• incomes
• investment
• taxes and mandatory fees