Government approves liberal tackling in investments attracting and exports promoting policies

The Government approved the Investments Attracting and Exports Promoting Strategy for 2006-2015, drafted by the Ministry of Economy and Commerce (MEC), which proposes a liberal tackling in implementing structural reforms. According to the minister of Economy and Commerce, Igor Dodon, in order to attract investments, the key-issues of the strategy refer to changing and improving the polices related to attracting investments and improving business climate in light of the regulatory reform through internal actions which would ensure access of investors to the market of Moldova. A very important element is attracting investments in infrastructure. “Moldova is an attractive country for investors, but there are deficiencies in infrastructure”, Dodon said. In light of this situation, MEC proposes to institute private public partnerships, within which, the sate together with the business environment will invest in infrastructure. Another important chapter, according to MEC is developing Free Economic Zones (FEZ) and industrial parks, because “investors are searching for assets in order to launch their producing activity or to provide services, but now they cost too much”, Dodon said. Because of this reason, MEC proposes to evaluate present FEZ, creating new ones on new principles and providing new services. “In some airports of Moldova, FEZ, which would provide logistical and transportation services could be created”. MEC aims at ensuring dynamic development of the national economy, which will be possible through promoting production fields of goods and service providing, where the added value can be obtained on the base of intellectual resources. The priority fields will be selected on the base of the penetration potential of markets, the possibility of substituting imports, and efficiency through ensuring a high added value. The objective of the present strategy includes ensuring investments which will allow diversifying the production range and the volume, as well as providing high-quality services on the internal and foreign markets and significantly increasing the export potential. The priority directions of the strategy consist in improving the framework of investments attracting policy, promoting investments in infrastructure, developing goods and services field, stimulating investments, denationalizing and improving the management of public patrimony, developing the financial market and the free economic zones, as well as creating industrial parks. The plans of MEC also include an increase by 25-30% of investments in economy, increase by 8-15% of investments in fixed capital and increase by 10% annually of the direct foreign investments. At the same time, it is planned to increase the growth rhythms of goods and services exports by 10-15% annually, expanding the range of exported production, as well as expanding and diversifying the export markets.

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