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Top 10 Companies in Moldova Generate Over €3.49 Billion in Turnover

The ten largest companies in the Republic of Moldova generate a combined turnover exceeding €3.49 billion, accounting for 6.37% of the national market, according to HitHorizons data updated in May 2025, bani.md reports.

Moldovagaz leads the ranking with annual sales of €860.7 million, representing 1.57% of the total market. The majority shareholder of the gas supplier is the Russian energy giant Gazprom.

In second place is Moldretail Group SRL, the operator of the Linella supermarket chain, with revenues of €427.6 million and a market share of 0.78%. Moldovan millionaire Vasile Dragan controls the company. Rounding out the top three is Floarea Soarelui SA, an oil producer based in Balti, owned by Vaja Jhashi. He also controls 70% of the local grain market and posted a turnover of €403.9 million, representing 0.74% of the total market.

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The rest of the top 10 includes:

  • National Lottery of Moldova SA – €369.7 million (0.67%)
  • Agrofloris-Nord SRL – €280.6 million (0.51%)
  • Petrom-Moldova SRL – €279.2 million (0.51%)
  • Termoelectrica SA – €241.3 million (0.44%)
  • Tiraspol Electrical Appliances Plant – €217.4 million (0.40%)
  • Naftatrans SRL – €216.3 million (0.39%)
  • Cereal Products Combine (Chisinau) – €202.3 million (0.37%)

These figures highlight the dominant role of the energy, retail, agriculture, and industrial sectors in Moldova’s economy.

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