The process of decentralization of power in the Republic of Moldova, although it is still very slow and difficult, has already transformed the local public authorities into the main „actors” responsible for promoting local economic development, and the Community mandate and the administrative responsibility for the local economic development are held by the Mayor and the Local Council. Localities in economic decline and underdeveloped local entrepreneurship, if they want to develop their local economies, they have no other choice but to orient themselves towards attracting foreign investors.