2015: Journal no. 1

ASSESSMENT OF THE BUSINESS ENVIRONMENT IN THE REPUBLIC OF MOLDOVA: KEY TRENDS AND DETERMINING FACTORS

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Authors:  
Alexandru STRATAN, PhD, Professor, NIER
Elena ACULAI, PhD, Assoc. researcher, NIER
Natalia VINOGRADOVA, PhD, Assoc. researcher, NIER

Assessment of trends in the business environment is a matter of interest to entrepreneurs, investors and representatives of the public administration, as it allows well-grounded planning of business development, making reasoned decisions about investing and improving purposefully public policies. In the Republic of Moldova, despite the adoption of the necessary legislation, implementation of government programs and the creation of institutions to support business, trends in the business environment are treated contradictorily by businessmen and public servants. International ratings also provide a mixed assessment of changes in the business climate in the country.

The purpose of this article is to highlight the trends of the business environment in the Republic of Moldova, taking into account the specific conditions of the country, based on results of a entrepreneurs survey, using quantitative indicators that allow an unambiguously interpretation of the changes. The methodology designed and implemented by the authors regarding the approach to the evaluation of the business environment is briefly presented. Emphasis is placed on the results of evaluation of the business environment: the main trends and its determining factors. It was revealed the opinion of entrepreneurs regarding the changing in business environment during the period 2011-2013 and the forecast for 2013-2015. The main conclusions, including the possibilities of using the obtained results are also presented.

Keywords:  
assessment of the business environment, factor of the business environment, policy of entrepreneurship development, emerging market economies.