Our comprehensive assessment of Moldova's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Moldova, as well as the latest industry developments that could impact Moldova's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Moldova before your competitors.
Moldova Country Risk
Luxembourg will remain among the wealthiest economies globally over the next 10 years, but it will face growing political and economic challenges as it attempts to diversify away from an overreliance on its financial services sector.
Growth will slow over the next decade, as private consumption and services exports suffer from a weaker financial services sector, in line with the implementation of greater tax and banking transparency.
To meet Luxembourg's productivity challenge we expect further immigration, which combined with a weaker growth outlook will increase social and economic divisions in the country, where non-Luxembourgish nationals already make up over 40% of the population.
Luxembourg's role at the heart of the EU could be tested if the electorate feels there is unfair pressure on the country to reform its tax status to the...
Moldova Industry Coverage (2)
Pharmaceuticals & Healthcare
Moldova Pharmaceuticals & Healthcare
BMI View: Moldova's pharmaceutical market presents very limited opportunities for multinational drugmakers, in comparison to its neighbours in Eastern Europe. The country's small total market size and its reliance on out-of-pocket payments highlight the challenges it poses. Moreover, continued economic weakness and negative demographic trends will limit growth prospects.
Headline Expenditure Projections
Pharmaceuticals: MDL5.83bn (USD310mn) in 2015 to MDL6.23bn (USD322mn) in 2016; 6.8% in local currency terms and 4.0% in US dollar terms.
Healthcare: MDL12.32bn (USD654mn) in 2015 to MDL13.27bn (USD686mn) in 2015; +7.7% in local currency terms and 4.9% in US dollar terms.
BMI View: The broadband market represents the only avenue for customer growth in Moldova, as demand for costly fixed telephone services declines in light of low-cost mobile voice services. Although xDSL, digital cable and FTTx have helped keep wireline broadband adoption moving forwards, mobile substitution hinders the market's development. And, as the lack of interest in vacant mobile broadband spectrum shows, operators are all too aware that even mobile broadband lacks long-term commercial viability.
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