The Report, prepared for the benefit of the Ministry of Economy, includes impact analysis of foreign direct investments (FDI) on the Moldovan economy. In particular, the extent to which FDI contributed to economic growth, increasing of exports and employment, performance of companies with FDI in comparison with local companies, positive or negative impact of FDI on local producers have been investigated. The paper includes a series of policy recommendations to maximize the positive effects of FDI on the Moldovan economy.