The capital market is an essential pillar of the economic interconnection between the Republic of Moldova and Romania. There is the energy area, where this interconnection is already operating with major intensity and which has proven really vital for the Republic of Moldova in the last year, the Prime Minister of Romania Marcel Ciolacu stated during the second edition of the Moldova-Romania Forum: Capital Bridges. “Through everything we do, we want to help Moldova take big and sure steps to get closer to the European Union,” stated the Romanian official, being quoted by IPN.
In the opening remarks, Marcel Ciolacu, the leader of the Social Democratic Party, said that this event is another concrete way in which Romania can support Moldova’s economic development. According to him, the Bucharest capital market is currently a mature and booming institution. And it has already proved to be the ideal platform for launching successful Romanian businesses, and now it will also play an important role for leading Moldovan companies.
“Until the stock exchange in Chisinau grows and has liquidity, we offer you this major chance. It is, if you wish, an economic shortcut towards access to capital that we make available to real partners. I’m convinced that both the authorities of the Republic of Moldova and all important entrepreneurs from across the Prut River understand the advantages of becoming beneficiaries of the infrastructure and knowledge accumulated by the professionals of the Bucharest Stock Exchange. And I hope they will take full advantage of such an opportunity,” said the Romanian Premier.
Attending the event, Prime Minister Dorin Recean said that Moldova opened the negotiations with the European Union and any foreign investor will feel in Moldova as in an EU member state. Moldova has defined two development platforms: free economic zones and IT parks, where the research and development dimension was included. Moldova also has a business-oriented fiscal policy and respects profit in order to increase productivity and create new jobs for citizens. “In Chisinau there is talent, in Chisinau there is innovation, in Chisinau there is determination. And long-term capital is needed and we solve this problem together,” stated Dorin Recean.
The President of the Romanian Senate Nicolae Ciucă said that the Romanians are committed and will be further committed to supporting Moldova’s European path. “As this is a forum hosted by the Stock Exchange, it is necessary to emphasize that in ten years since the signing of the Association and Free Trade Agreements with the European Union, the Republic of Moldova has benefited from the contribution of Romania, which became the main trading partner of the Republic of Moldova. Here we can talk about the increase in trade from €1 billion in 2014 to €3 billion in 2024. Romania also became the main investor in the Republic of Moldova. The value of investments amounts to €400 million. Of course, all these figures were doubled by the measures we took when needed,” said Nicolae Ciucă, chairman of the National Liberal Party.
The governor of the National Bank of Moldova Anca Dragu said that the Republic of Moldova is today in a crucial period for its development and future, for the realization of its potential at European level and the modernization and growth of the financial and capital market is an important point. “The prospect of the EU accession negotiations catalyzes the efforts of all the involved institutions and the results achieved so far place the Republic of Moldova on the list of investor referents,” stated the governor.
The second edition of the Moldova-Romania Forum: Capital Bridges 2024 is organized by the Bucharest Stock Exchange.
