Transformation of Moldova's agricultural sector: new challenges and investment opportunities

Abstract

Agriculture plays a key role in the national economy of the Republic of Moldova, ensuring food security and being an important source of employment for the population. Over the last period, the activity of agricultural enterprises has been undergoing remarkable transformations related to global climate changes on the planet, integration of the country into the world markets, technological progress and new challenges. Maintaining the investment attractiveness of agricultural enterprises will allow developing promising areas in agriculture, which will contribute to sustainable growth of the country's economy. The article analyses the dynamics and structure of agricultural enterprises in the Republic of Moldova for the period 2017-2022, based on data from the Bureau of National Statistics. The study reveals a significant increase in the number of agricultural enterprises, where small and micro enterprises predominate. Key performance indicators, including revenues, profits, assets and investments in long-term assets, are analyzed, and a factor analysis of investment attractiveness is conducted by applying a seven-factor return on assets model. The authors emphasize the need for strategic investment and sustainable management for the further development of this type of activity.