The branch of the Chamber of Trade and Industry of Moldova in the Autonomous Territorial Unit of Gagauzia will stage business forums to promote the export of agricultural products to the Republic of Tatarstan that forms part of the Russian Federation. An agreement to this effect was signed at the first Investment Forum that was held in Gagauzia. There were also signed cooperation agreements between the administration of Gagauzia and the Russian regions of Krasnodar and Penza and a series of cooperation agreements between the economic operators that attended the event, IPN reports.
The forum included six panel discussions that centered on agriculture and processing industry, investments in infrastructure and industry, innovations and technology, energy efficiency, tourism and ICT. Within them, there were presented investment projects to build photovoltaic pars, exhibition and business centers, hotels, factories for assembling Belarusian tractors or to develop large-scale agricultural businesses.
The Governor of Gagauzia Irina Vlah said the region’s administration aims to have an open dialogue with the business community. “Twenty-two enterprises were exempted from tax inspections. There was set up an economic council under the Governor. New concessions for investors are being adopted, while the active companies are helped to find new markets and international partners. Thus, the interest in the region on the part of Turkey, Russia and the European Union has lately increased,” stated Irina Vlah.
In Gagauzia, there are over 7,300 companies, 170 of which are with foreign capital. According to the local authorities, the region’s investment attractiveness resides in its geographic position, the access to the Giurgiulesti International Port and the functional Vulcanesti Free Economic Zone.
