Moldova is much more prepared to attract foreign investment compared with the previous years. The authorities made effort to restore the relations with foreign investors and to persuade them analyze the opportunities in Moldova, Deputy Prime Minister and Minister of Economy Octavian Calmac said in the opening of the Moldova Business Week that is held in Chisinau during October 3-6, IPN reports.
According to Octavian Calmac, over 55% of the investments that reach Moldova now come from the EU member states that have investment traditions. This means that the foreign businesspeople see a potential in the Moldovan economy. During the last ten years, Moldova has annually witnessed a growth of 2.6% in investments. “The volume of investments in the Republic of Moldova, even if it didn’t reach the level of 2007-2008, before the global economic crisis, follows an upward trend,” he stated.
Attending the event, Prime Minister Pavel Filip said for the Government he heads it is important to offer the investors more possibilities. The Cabinet promoted a number of relevant initiatives that were supported by Parliament. “We have a growing industry. I encourage the guests from abroad that are looking for extension opportunities and want competitive labor force to profoundly and seriously analyze the potential of the Republic of Moldova,” stated the Premier.
Head of the EU Delegation to Moldova Peter Michalko noted that the EU, by having signed the Association Agreement that includes the Free Trade Agreement, contributes to the development of the Moldovan business sector. Moldova should continue to do reforms so as to increase the investors’ access to the Moldovan market. “The EU will continue to request that the Government of the Republic of Moldova should ensure the reforms needed in the following key sectors: justice and the rule of law, reduction in the cost of doing business, improvement of the business climate, fair competition,” stated Peter Michalko.
Director of the Moldova Investment Attraction and Expert Promotion Organization (MIEPO) Vitalie Zaharia said that this year’s edition of the Moldova Business Week focuses on the enhancement of competitiveness of local producers, rise and diversification of exports and improvement of the business climate foe attracting investment. Five forums, 20 presentation sessions, bilateral meetings and discussions and fact-finding visits to Moldova’s region will be staged during four days.
About 1,000 participants representing over 20 states are taking part in the Moldova Business Week 2017, the fifth edition. The Prime Minister of Ukraine Volodimir Groisman is expected to take part in the event on October 6.
