Academy of Economic Studies of Moldova

What Academy of Economic Studies of Moldova does

Academia de Studii Economice din Moldova (ASEM) is the Republic of Moldova's primary public higher education institution dedicated to economics, business administration, law, finance, accounting, IT, and international economic relations, established by Government Decision No. 537 on September 25, 1991. The institution operates across three Bologna cycles — Licență (Bachelor's, Cycle I), Masterat (Master's, Cycle II) through the Școala Masterală de Excelență în Economie și Business, and Doctorat (PhD, Cycle III) through the Școala Doctorală ASEM — delivered via six faculties, 26 departments, 14 research laboratories, and supporting centers and services on its Chișinău campus. ASEM serves approximately 7,000 active students and has produced over 70,000 alumni since 1992, with teaching and research staff exceeding 300 scientific-didactic personnel including 20 habilitated doctors and 150+ PhDs.

The institution's business model is funded through four primary streams: state budget allocations for budget-funded student places, fee-paying tuition across all three cycles, international research grants (H2020, World Bank, CFCFA, CPI), and continuing education revenues through Școala de Formare Continuă and Școala Superioară de Turism și Servicii Hoteliere. ASEM's go-to-market is a traditional sales-led admissions process supplemented by educational fairs, open days ('Zilele Ușilor Deschise'), career days ('Zilele Carierei'), virtual campus tours, and dual education programs with employer partners such as Coca-Cola HBC Moldova. Pricing is set annually via admission orders but specific fee amounts are not publicly disclosed.

Technology infrastructure centers on the IREK Institutional Repository (DSpace-based) archiving academic publications, 27 internet-connected computer labs, a multimedia center, TV studio, and digitization systems. The academic portfolio is supplemented by wholly-owned subsidiaries including Colegiul Național de Comerț (vocational education), Business Incubator ASEM (entrepreneurship support), Centrul de Business ASEM (industry networking), and Institutul de Cercetări Economice și Studii Europene (research). Research output is disseminated through three scientific journals (Economica, Eastern European Journal of Regional Studies, CSIE Working Papers). ASEM operates as a state-owned entity under the Government of the Republic of Moldova and does not have venture capital, private equity, or public market ownership structures.

Name

Academy of Economic Studies of Moldova

Legal name

Academia de Studii Economice din Moldova

Website

https://ase.md

Company type

Private

Founded year

1991

Operating status

Operating

Short description

ASEM is Moldova's primary public economics and business university, delivering bachelor's, master's, and doctoral programs across six faculties to 7,000+ students. Funded by state budget, tuition, research grants, and continuing education, with 70,000+ alumni since 1991.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Cooperative Education (Co-op) Technical Universities (EDAHAEAF)

Keywords

• Higher education
• Economic studies
• Business administration
• Doctoral programs
• Continuing education

Headquarters

HQ city

Chișinău

HQ country

Moldova

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Tuition Fees: State-funded places (budget) and fee-paying places for all study cycles (Licență, Masterat, Doctorat). Dual education programs also available with business partnerships.
2. State Budget Funding: Government-funded student places as part of national higher education system
3. Research Grants and Projects: International research projects (H2020, World Bank, CFCFA, CPI) and related funding
4. Continuing Education Services: Continuing education programs through Școala De Formare Continuă and Școala Superioară de Turism și Servicii Hoteliere

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

The Academy of Economic Studies of Moldova (ASEM) is a public higher education institution that delivers undergraduate, graduate, and doctoral degree programs in economics, business administration, finance, banking, accounting, IT, and international relations across six faculties. The university supplements its core academic offerings with vocational education, continuing professional development, a business incubator for entrepreneurship, and a research institute producing scientific journals and policy advisory work.

Product overview

ASEM is a comprehensive university complex offering higher education across three cycles: Bachelor (Licență) through 6 faculties, Master's programs through the Școala Masterală de Excelență în Economie și Business, and PhD research through two doctoral schools. The institution supplements academic programs with practical services including a Business Incubator, Business Center, and Școala de Formare Continuă for continuing education. Research output is disseminated through three scientific publications (Revista Economica, EEJRS, CSIE Working Papers) and a digital repository (IREK). The Colegiul Național de Comerț provides vocational education at secondary level. Infrastructure includes a scientific library with reading rooms and a virtual tour service for prospective students.

Differentiator

Problem solved

Functional benefit

Products and services

• Licență (Bachelor's Degree Programs) Undergraduate degree programs (Cycle I) delivered across ASEM's six faculties covering business administration, economics, law, finance, banking, accounting, IT, economic statistics, and international economic relations. Targeted at high school graduates seeking bachelor's-level professional qualification.
• Masterat (Master's Degree Programs) Graduate degree programs (Cycle II) offered through the Școala Masterală de Excelență în Economie și Business (SMEEB), covering advanced specializations in economics, business, finance, marketing, logistics, accounting, and law. Targeted at bachelor's degree holders pursuing advanced qualification.
• Doctorat (PhD Programs) Doctoral research programs (Cycle III) in eight specialties: Economic Theory, World Economy, Economics and Management, Marketing and Logistics, Finance, Accounting and Auditing, Economic Statistics, and Economic and Social Geography. Delivered through Școala Doctorală ASEM with joint supervision by Romanian partner universities (USV Suceava, UTM Chișinău). Targeted at master's graduates pursuing academic and research careers.
• Colegiul Național de Comerț al ASEM (Vocational College) Vocational college affiliated with ASEM offering commerce-related educational programs at the secondary vocational level, providing early career preparation and a pathway into ASEM's undergraduate programs. Targeted at secondary students seeking vocational qualifications in commerce and business administration.
• Școala de Formare Continuă (Continuing Education)

Quantifiable outcome

• Over 70,000 alumni graduates since 1992
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Coca-Cola HBC MoldovaminorGTM or Marketing Partner · 8 July 2026Corporate partner providing internship opportunities for ASEM students in Customer Care department as part of student career development programs
• Universitatea de Stat din Moldova (USM)coreStrategic or Co-development Partner · 25 September 1991ASEM was founded based on faculties from the State University of Moldova and the Institute of National Economy, maintaining historical academic ties and shared traditions in Moldovan higher education
• Universitatea de Vest din Timișoara (UVT)minorStrategic or Co-development PartnerRomanian partner university for academic exchange, joint research, and student mobility programs
• Universitatea Valahia din TârgovișteminorStrategic or Co-development PartnerRomanian partner university for academic collaboration and mobility
• Universitatea Ștefan cel Mare din Suceava (USV)minorStrategic or Co-development PartnerRomanian partner with joint doctoral supervision agreements (e.g., Veronica Grosu, professor at USV, co-supervises ASEM doctoral candidates)
• Universitatea de Stat din CahulminorStrategic or Co-development PartnerDomestic inter-university collaboration and academic exchange within Moldova
• Universitatea Tehnică a Moldovei (UTM)minorStrategic or Co-development PartnerMoldovan technical university with joint IT and informatics doctoral programs (Ion Bolun, UTM professor, co-supervises ASEM doctoral candidates in information systems)

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bucharest University of Economic Studies: Romania's premier economics and business university with virtually identical focus areas to ASEM (economics, business, finance, accounting, IT). Direct regional peer sharing the same academic mission and target student profile in the Romanian-speaking academic ecosystem, and the closest functional analogue to ASEM.
• Moldova State University: Moldova's largest comprehensive university and ASEM's historical parent institution (ASEM was founded in 1991 from faculties spun off from USM). Direct domestic peer competing for the same Moldovan student pool with broader academic scope across sciences and humanities.
• Technical University of Moldova: Moldova's primary technical university and ASEM's documented partner for joint IT and informatics doctoral programs. Domestic peer competing for STEM-oriented students while complementing ASEM's business/economics focus in the Moldovan higher education landscape.
• Corvinus University of Budapest: Hungary's leading economics and business university with similar faculty structure to ASEM (economics, business, finance). Regional peer sharing the academic mission of economics education and competing for top Central/Eastern European students interested in economics credentials.
• University of Economics in Katowice: Polish public economics university with comparable focus on business, finance, and economics. Regional peer sharing academic structure and economic education mission across Central Europe, useful benchmark for ASEM's positioning within post-socialist European higher education.
• West University of Timișoara: Romanian comprehensive university and ASEM's documented strategic partner for academic exchange. Direct peer and partner competing for students across Romanian-speaking markets, with broader academic scope that may appeal to Moldovan applicants seeking alternatives.
• Free International University of Moldova: Private Moldovan university offering economics and business programs across multiple languages. Domestic peer providing alternative higher education options to Moldovan students, with a private-sector model that contrasts with ASEM's public institution structure.
• National School of Political and Administrative Studies Bucharest: Romanian university focused on public administration, political science, and business administration. Regional peer with comparable size, mission, and academic profile to ASEM, competing for Romanian-speaking students interested in economics-adjacent careers.

Broad incumbents

• University of Bucharest: Romania's premier comprehensive university with economics and business programs alongside many other disciplines. Broader incumbent competing for top Moldovan and Romanian students with stronger global brand recognition and a deeper research profile than ASEM.
• Babeș-Bolyai University: Romania's largest comprehensive university with economics and business programs among many other disciplines. Broader incumbent operating across the full academic spectrum with an economics faculty that competes with ASEM for top Romanian-speaking students.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/radioasem
• Instagraminstagram.com/senatasem
• LinkedInlinkedin.com/company/academy-of-economic-studies-of-moldova1

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Academy of Economic Studies of Moldova