The Government approved an electronic industry development program until 2015. The major objective of the program is to raise the share of the advanced technology and science-intensive industry in the industrial production volume to 2% until 2015. Under the document, this objective can be achieved by ensuring a growth of 8-10% a year in the field and by introducing competitive electronic means and systems on the home and foreign markets. The program is based on the industrial development strategy until 2015, approved in October 2006. The implementation of this program would enable Moldova to increase the exports of products with high value added and to reduce the balance-of-trade deficit that amounted to over $3 billion. Though work on the program was hard and involved specialists from the Academy of Sciences and other important national institutions as well as foreign experts, its implementation bears huge risks. The greatest risk is related to the fact that the program is launched in a period when the economic growth in industry decreased essentially (in 2008 the growth was only 0.7%) and the access to financial resources, especially local and foreign long-term investments, is very limited due to the world financial crisis. Competition is high on the foreign markets, including disloyal one. There are also other kinds of risks like the acute shortage of staff at the given companies and the lack of material basis for preparing specialists. During the independence years, practically all the teams that governed Moldova approved programs to revive the electronic industry, which created an image to Moldova in the 80s of the last century. Twenty large electronic companies with the necessary infrastructure, own personnel training systems and scientific research and design institutions worked then in the country. They employed over 30,000 people. 4,000 out of these were involved in scientific research and design activities. The number of employees at these institutions, which went through numerous and sometimes useless reorganizations, has decreased over tenfold to 2,400. Most of the employees are older than 50. During the last years, except 2008, production levels at the electronic companies had increased. In 2007 for instance, production rose by over 30% from 2006, totaling 328 million lei. The main types of products made include precision, optical, medical instruments and equipment, watches, radio, television and communication equipment and devices, calculation and office equipment. These companies also increased exports, but did not manage to obtain a positive trade balance. Besides, there appeared a number of negative trends on the home market: the salary grows at a higher rate than work productivity; the exploitation of new types of equipment and apparatuses is delayed until the new models become outdated; the cost price of the finished products is high. It happens that some of the large Russian companies that earlier belonged to the military complex and work now in the naval or aeronautical industry place orders or ask for parts from the stores and the companies can further exist. Competition appeared on the domestic market as the Moldovan consumers prefer calculation equipment or different devices made by well-known foreign companies not national producers whose goods are not so modern and sometimes are more expensive. In order to implement the program, the Government intends to create this year a database of the producing and research companies that work in the electronic field, to carry out an analysis of their capacities and compile the list of products made for the home market and for export. The program pays special attention to the development of the innovation process, technological transfer and production by launching new types of products. These will be made in industrial and technological parks. The program to formulate technical electronic regulations in accordance with the European legislation will be continued and there will be identified methods of financing the investment projects in the area. The program is assessed at 600 million lei. It will partially financed from the state budget, the own resources of the companies and from other sources. Last year, some of the companies working in the area (or the major holdings in them that belonged to the state) were sold by auction on the Stock Exchange (Sigma, Mezon and other companies). We will see if the denationalization will have beneficial effects on the activity of these companies. The new owners could modify their kind of activity.