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Impact of Free Zones on Economic Performance: A Case Study of the Republic of Moldova

Author

Listed:
  • Alexandru GHENCEA

    (Dunarea de Jos University of Galati, Romania)

  • Vitalii ZANET

    (Dunarea de Jos University of Galati, Romania)

  • Silvius STANCIU

    (Dunarea de Jos University of Galati, Romania)

Abstract

The development of the free market economy, industrial and production globalization, the development of new forms of trade and the introduction of special facilities in special areas led to an economic boost. FEZs can cover various types of economic activities, depending on government policy and specific objectives for each goal, being created to stimulate industrial production and manufacturing of goods. According to the official information on the website of the Ministry of Economic Development and Digitalization, there are 7 FEZs operating in the Republic of Moldova in 2023. In 2022 the increase in income, as a continuity effect in the national economy, in the 7 economic zones operating on the national territory, constituted approximately 663 million US dollars. The biggest share of investments was made in the FEZ "Bălți" - the amount of investments 281.64 million US dollars. During the years 2009-2022, in the FEZ, the positive evolution of the investment growth rate indicator was recorded by 37.6%. The study is preliminary, being the basis of complex research, which will be developed within the doctoral training program.

Suggested Citation

  • Alexandru GHENCEA & Vitalii ZANET & Silvius STANCIU, 2023. "Impact of Free Zones on Economic Performance: A Case Study of the Republic of Moldova," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 203-209.
    • Handle: RePEc:ddj:fseeai:y:2023:i:3:p:203-209
    DOI: 10.35219/eai15840409380
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    References listed on IDEAS

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    1. Silvius STANCIU, 2016. "The Foreign Direct Investment In The Romanian Agrifood Production," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 11, pages 289-297, July.
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