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For the advancement and prosperity of an economy a highly developed and innovated business environment is required. In this respect the State must issue some regulations in order to establish certain standards that would allow the opening of new opportunities for business environment, encouraging entrepreneurs. The current study highlights modern trends in business development of the Republic of Moldova and exposes some recommendations for its improvement. During the research there have been used traditional research methods of quantitative and qualitative analysis, comparative analysis and logic. Preference was given to monographic study method applying the elements of observation, selection, induction and deduction. The investigations allow us to conclude that the basic pillar for development and advancement of a State under different aspects is business environment. There are many problems and constraints that hinder business development in the Republic of Moldova, but in spite of them the positive dynamics is observed in this sector. In order to increase business efficiency there must be a joint collaboration between the government, the civil society and business owners [ABSTRACT FROM AUTHOR]