Moldova launches new Stock Exchange to boost EU market integration
The Moldova International Stock Exchange, a strategic institution aimed at developing the capital market and strengthening financial stability, was established by the Government on Wednesday, October 15.
The establishment of the exchange represents "a decisive step toward Moldova's integration into the European capital market," according to Roman Cojuhari, head of the Public Property Agency (APP).
The Exchange will launch with an initial capital of 30 million lei (approximately €1.5m). The state, through the APP, will hold a 20% stake.
Mr Cojuhari, speaking at a Government meeting, said the new institution is estimated to attract up to €300m in investments over the next decade, which will generate additional economic growth.
The shareholders of the new exchange include:
Bucharest Stock Exchange – 26.67%
Public Property Agency – 20%
Moldova Agroindbank – 10%
DONARIS Vienna Insurance Group – 11.67%
Grawe Carat Asigurări – 10%
Moldindconbank – 6.67%
MK Kredit Company – 5%
OTP Bank Moldova, Moldcell, and Premier Energy – 3.33% each
The Exchange’s creation follows the signing of a Memorandum of Understanding on September 15, 2025, in Chisinau, during Moldova Business Week.
The new Exchange will allow companies to access alternative financing through stock and bond issues, enhance market transparency, and bolster the confidence of both domestic and international investors. The initiative will help diversify the economy's financing tools and reduce dependency on bank financing.
Currently, Moldova's market capitalization stands at 3–7% of its GDP, compared to 10–30% in Eastern Europe and over 65% in the European Union.
Translation by Iurie Tataru
