The automotive sector during the last few years became one of the most dynamic industries that attracted famous international players that decided to expand their businesses in the Republic of Moldova. Last year, the industrial production in the sector rose by 43%, exports by 37%, while the volume of investments exceeded US$ 430 million, Prime Minister Pavel Filip stated in the opening of the second edition of the Moldova Automotive Days, IPN reports.
The Premier noted the automotive sector can stimulate the development of the whole national economy. Last year, this sector had about 10,000 employees, but now it employs 15,000 people. As regards the training of young specialists, of the about 700 young people who learn the job directly at the factory, 100 are from the automotive industry.
Minister of Economy and Infrastructure Kiril Gaburici said the automotive sector in Moldova has a future. During the last few years, it became one of the most dynamic sectors both by the volume of attracted investments and by the number of created jobs. Moldova annually produces cabling systems and covers for almost 1 million cars and the supplies are delivered directly to the largest auto concerns of the world.
Attending the event, Japan’s Ambassador in Chisinau Masanobu Yoshii said the Republic of Moldova is an attractive destination for investors. He reiterated the intention to continue to cooperate in realizing the potential existing in the automotive industry.
Germany’s Ambassador to Moldova Iulia Monar said the opening of new factories in the automotive industry contributes to regional development and generates direct benefits for all the Moldovan citizens.
Over 20 companies from Germany, Japan, Italy, Austria, the U.S., Switzerland, Belgium and Romania work in Moldova’s automotive sector.
The forum Moldova Automotive Days 2018 brought together over 300 potential foreign investors from the automotive industry, producers and suppliers from the car industry, development partners and students of engineering faculties.
