The Austrian company Gebauer&Griller (G&G), which works in the Balti Free Economic Zone, plans to extend its operations into Moldova in 2020. Prime Minister Ion Chicu discussed the expansion plans with representatives of the company’s management in a working meeting, IPN reports.

According to the Government’s press service, G&G invested over €40 million in its two factories in Moldova starting with 2012. The Austrian investor created over 700 new jobs in Moldova, with an average monthly salary of 10,000 lei.

G&G intends to expand production on another 8,000 square meters in northern Moldova and in 2020 plans to invest €8.5 million.

G&G managing director Eva Schinkinger asked for the Government’s assistance in developing the infrastructure in the region and to consider the possibility of signing free trade agreements with some of the states, such as Morocco and Tunisia.

Premier Chicu welcomed the investor’s intention to expand the business and encouraged it to open branches in other districts of the country.  He noted that the attraction of investment to industrial platforms is a priority for the Government.

Gebauer&Griller is a multinational company that manufactures cables, wires and cable harnesses for the automotive, elevator and escalator industry. A global operator with an experience of over 75 years, it has branches in Austria, Germany, Poland, the U.S. and other states.