Minister of Economy Sergiu Gaibu said the regime of investment platforms will not be modified in connection with the crisis in Ukraine. The Ministry is working on a series of bills to improve the normative framework concerning the activity of foreign investors in the Republic of Moldova, IPN reports.

According to the minister, Moldova undergoes changes as regards the economic relations and the investments in such a situation are also affected. Moldova, as a country and as an economy, needs to adjust to these realities. The investors have particular concerns related to the current crisis and to the economic policy in the near future.

The Ministry of Economy aims to further ensure a favorable and friendly climate. “The investors, the foreign and local ones, are very important for our country and the concessions and guarantees will be kept so that the concerns of the residents fade away. I think that despite the difficulties and crisis, new opportunities will appear and the authorities will adjust the platforms to the new national and international conditions,” stated Minister Gaibu.

The Ministry is working on a number of bills to improve the normative framework that will allow to extend the operation period of IT Park Moldova, to maintain the work conditions of the Free-Trade Zones and to align the tax concessions with the requirements of the Association Agreement with the EU.

The foreign direct investment in Moldova in 2021 was almost US$5 billion. 86% of this money comes from the EU, 1 percentage points from the CIS and 13% from other countries. By economic sectors, investments in finance and insurance represent 31%, in trade - 26%, in processing industry - 20%.