Moldova is in Eastern Europe, northeast of Romania. The climate is moderate in winter and warm in summer. The official language is Romanian (also referred to as Moldovan). Russian is the main language spoken in the breakaway eastern region of Transnistria. Visitors who are unfamiliar with any of the two languages should hire a guide or keep a pocket dictionary. The main religion is Christianity. The economy of Moldova enjoys a favourable climate and good farmland but has no major mineral deposits. As a result, the economy depends heavily on agriculture, featuring fruits, vegetables, wine, and tobacco. The economy contracted dramatically following the fall of the Soviet Union. Currently, Moldova is one of the poorest countries in Europe. Moldovans are proud of their folk art and music. Business meetings are generally conducted in a formal manner. Expatriate business dress is formal. The security risk for expatriates in Moldova is low to medium. Risks include petty and street crime, and poor infrastructure. The currency of Moldova is the Moldovan Leu (MDL). The economy is mainly cash based. Payment by card is limited. There have been incidences of credit card fraud and fraud involving ATMs. Medical facilities are generally below international standards and English is not widely spoken. The population of Moldova is 3 Million (2019 est.), while the inflation rate (CPI) is 5.4% for Moldova as at July 2019. Xpatulator Hypothetical Tax for Moldova is based on the current personal income tax rates which is a flat rate of 12% from 1 October 2018.
Cost Of Living
The cost of living for expatriates / professional migrants in In Moldova, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Moldova as at 1 July 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: High 3) Communication: Very Low 4) Education: Low 5) Furniture & Appliances: High 6) Groceries: Very Low 7) Healthcare: Average 8) Household Accommodation: Average 9) Miscellaneous: High 10) Personal Care: Very High 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Moldova is for example -40.2% cheaper than USA for groceries, -10.3% cheaper for household costs than UK, and 55.8% more expensive for transport costs than India. The hardship premium for Moldova for an expat from Australia, is for example 20%, i.e. host location (Moldova) premium of 30% minus home (Australia) location premium of 10%. Moldova is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Moldova? Register subscribe to your home location and Moldova and run your personalised reports.