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2024-11-07 13:41:28
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feeds.bbci.co.uk_3 on Nostr: The Eastern European country of Moldova is trying to move past political uncertainty ...


The Eastern European country of Moldova is trying to move past political uncertainty by attracting overseas firms. The government has introduced a virtual IT sector initiative, Moldova IT Park (MITP), which offers a 7% corporation tax rate to IT firms. This has led to a growing number of foreign entrepreneurs, including Dutch entrepreneur Luc Vocks, who owns a Moldovan company called DevelopmentAid. The MITP has also simplified immigration procedures and driven up salaries in the IT sector. However, some experts are concerned about the impact of the war in Ukraine on Moldova's economy and the country's ability to attract foreign investment.

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Deputy PM admits former Soviet state was until recently a 'highly corrupt country' - but insists things are changing fast.
https://www.bbc.com/news/articles/cly0zwpxjmwo

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