Moldova remains Europe’s poorest economy, with gross domestic product per capita less than US$6,000 per year. However, this small country with 3.5m inhabitants made steps toward expanding its market access by signing an Association Agreement with the EU in 2014, which came into force in July 2016.
According to Nicolas Deverwerre, general manager of lingerie manufacturer Astroline of Chisinau, with 100 workers, the main problem of the Moldovan garment industry is finding enough workers: around 1m Moldovans currently work in the EU, Russia and other former Soviet countries. New investments in the country tend to suck workers away from the clothing industry, which today employs some 15,000 people.
For the full story, see the March 2018 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE