The World Economic Forum Global Competitiveness Report (2013) ranked the quality of overall infrastructure of Moldova 105th out of 144 countries. Among the categories analysed by this study, the quality of roads and port infrastructure are particularly low. As a landlocked country, Moldovan trade depends on railroad and road networks. Most local transport takes place through roads and in part, through the major rivers (the Nistru, Dniester, and the Prut). The financial sector is under-developed and has high costs of access to trade finance, and low efficiency of commodity markets. With a quota of around 65 per cent of banking assets in relation to the county’s GNP, the Moldovan banking sector is small. The lack of transparency of ownership and inadequate corporate governance are the Achilles heel of the Moldovan banking system. In recent years, French and Austrian financial institutions acquired several larger and smaller Moldovan banks. The legal framework for the supervision of banking and for the Central Bank has partly been improved but still falls short of international standards, although the Moldovan banking sector is well-placed compared to the CIS-7 countries. With respect to the telecommunications infrastructure, companies managed to achieve very good coverage or cable and wireless connection, considering the relatively small territory of the country

Source: WEF, 2013, Global Competitiveness Report
United Nations Development Program, 2011, Aid for Trade Needs Assessment for the Republic of Moldova
Bertelsmann Stiftung, 2012, Country Report (Moldova)