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In-Depth Review of the Investment Climate and Market Structure in the Energy Sector of Moldova

Published in 2011


This in-depth report on the Investment Climate and Market Structure (ICMS), published in 2011, was prepared by the authorities of Moldova in close cooperation with the Energy Charter Secretariat. Undertaken on a peer review basis, the report serves the purpose of information sharing and cooperation between ECT member states. It provides the most comprehensive and recent information on the country's legal framework for establishing foreign businesses in its energy sector. The report analyses the investment climate and presents the energy market as a whole, outlining the market structure in terms of the main players and the strategic development issues in each subsector.

The Energy Charter Investment Group reviewed the Moldova ICMS report at its meeting in April 2011. It agreed upon a number of policy conclusions and recommendations that were subsequently adopted by the Energy Charter Conference on 29 November 2011.

The Energy Charter Conference concluded that Moldova had considerably improved the business climate and was making progress in the development of its energy sector legislation and market reforms aimed at establishing an open and competitive energy market and a level playing field for local and foreign investors. The Energy Charter Conference recommended to continue strengthening market-oriented energy policies, implying liberalisation, increasing competition, providing investment incentives for the development of renewable energy sources, strengthening the positions of the energy sector regulator and to consider the benefits of further privatisation in the energy sector.

The Review of the Investment Climate and Market Structure in the Energy Sector of Moldova is available in English.