Alaiba: Entry of Such Brands as H&M and Uber Shows Market Maturity

H&M stores may open in Moldova, as well as Uber, an app for searching, hailing and paying for cabs or private drivers and food delivery. This was announced by the Minister of Economy, Dmitry Alaiba. According to the minister, the entry of world-renowned companies in the Moldovan market will be an indication of the maturity and stability of the market. “I understand that there are people who think we don’t need PayPal, Uber or H&M. Whether or not we need them is up to each of us to decide for our own money. You don’t want it then don’t buy it. There’s nothing like the power of the free market. The presence on the market of these and similar brands is in itself an indicator of the maturity of the market, its stability, the level of openness and freedom of the economy, the clarity of legislation and the lack of entry barriers. We have a tiny market, and the simple reason why global brands avoid us is the exorbitant cost of compliance compared to the low market potential. It isn’t worth the money because there are 3 walls built to protect monopolies. And consumers pay for it with inflated prices and low quality,” Alaiba posted on social media.