Economy Ministry to update investment attraction strategy

The Ministry of Economy reviewed its instruments for attracting national and foreign direct investment to the l economy and will update the investment attraction strategy, Deputy Minister of Economy Octavian Calmac said, quoted by Info-Prim Neo. According to the official, the legislation on the public-private partnership has been improved. There were revised the concessions granted to the investors whose financial resources will be oriented to production. With the support of international organizations – the World Bank and the United Nations Development Program - there were launched nine feasibility studies for creating industrial parks in different regions of Moldova. The founders of these industrial parks can be both the state and private investors. Octavian Calmac said there were simplified the conditions for changing the purpose of the plots on which ‘greenfield’ industrial parks will be set up. The free enterprise zones also offer possibilities of attracting investments. According to the deputy minister, steps are taken to improve the investment and business climate by removing the barriers to trade and increasing state institutions’ capacity to provide services of a high quality to the business community, and by implementing information technology and reducing the cases of corruption and bribery. The Ministry of Economy will update the investment attraction strategy and include new methods of attracting money, without involving capital transfer, said Octavian Calmac.