Advertisers

(1) VictoriaBank

(2)Moldtelecom

(3) Chisinau

(4) UniBank

(5) TUTUN-CTC

(6)MoldingCoBank

(7) Codru Hotel

(8) Moldova Agroindbank

A Special International Report Prepared by The Washington Times Advertising Department Written by: Daniel R. Zim Project Director: Kevin M. Baerson For more information, call The Washington Times International Advertising Department at (202) 636-3035 (202) 635-0103 fax e-mail: natlad@wt.infi.net Copyright © 1999 News World Communications, Inc.

Why invest in Moldova?

Companies investing $250,000 or more get a 50 percent tax break for the first five years of operation. Companies investing one million dollars or more pay no taxes for the first three years of operation.

Inflation is low and the currency is stable. The geographical position is on the crossroads of commercial routes that joins Western Europe and the CIS countries. The work force is skilled and inexpensive. State protection to private property is guaranteed.

There are no restrictions concerning the conversion and repatriation of profits earned by foreign businesses.

Table of Contents

(1) Moldova: a 'model of democracy'

(2) Moldovan President promotes stable, open economy

(3) Moldova- at-a-Glance

(4) Entrepreneur Prime Minister hopes to build prosperous Moldova
Economic globalization is Ion Sturza's recipe for success

(5) Moldova - a country in bloom

(6) Chisinau: Sacramento's sister city to the East

(7) Investment opportunities abound
Moldova goes out of its way to attract foreign investment

(8) Moldova's telecom giant seeks privatization

(9) Agricultural sector modernizes

(10) Moldovan tobacco courts investors

(11) Banks: bulwark for tomorrow

(12) How Moldova's banks withstood the Russian crisis

(13) Women leaders in Moldova

(14) A small country with many delights

(15) Why invest in Moldova?

(16) Wine is king