Starting a Small Business in Moldova: Barriers and Opportunities to Overcome them

Abstract

In Moldova, business registration procedures are comparatively more uncomplicated. During the business launches, entrepreneurs are enthusiastic. But, then, some are forced to close their business under the influence of external and internal factors. The object of research is the barriers to business development, and the goal is to find solutions to overcome the identified barriers. This study analyzes the legislative arrangements and the fiscal system related to the entrepreneurship sector. Significant attention is devoted to the impact of inflation on the development of the entrepreneurship sector. Another subject of study is the evaluation of the job training capacity of the researched sector. At the end of the article, recommendations are presented to allow entrepreneurs to solve problems and overcome obstacles. JEL: M21, M29