It is the right moment for investing and initiating business in Moldova - Zinaida Greceanii

The Government asserts that it uses all its effort in order to attract investments for assuring a sustainable economical growth, facilitating the implementation of new technologies, modern methods of management as well as for assuring the access to foreign markets, the first-deputy-Prime-Minister, Zinaida Greaceanii, declared on Friday, October 27, during the International Investment Forum, 3rd edition “New previsions of the state – new perspectives for business”. According to her words, via the free-trade agreements signed with the CIS states, with countries participating in the Stability Pact for South Eastern Europe, with EU, through the generalized system of preferences, the R. of Moldova assures the free access of investors to an external market that numbers more than 320 mln persons. Greaceanii also thinks that other favorable factors for placing investments in the R. of Moldova are the status of member of the World Trade Organization and that of the Stability Pact, signing of the Partnership agreement with EU, existence of agreements and programs with international financial organizations such as IMF or WB, one of the lowest quotas of the income tax from the region, existent fiscal facilities, the status of the EU neighboring country , a developed bank system, moderated inflation, existence of a competent and qualified business community which can become a well prepared partner for foreign investors etc. According to the official, the economic policy of the R. of Moldova is oriented towards the increase of the investment volume, because this direction represents the only guaranty for the future re-establishment of the basic factors of the economic growth, through renovating fixed funds, implementation of advanced technologies, creation of work places, the increase of the productivity of labor, the revitalization of science, technologies and innovations as well as through ameliorating the quality of human potential. In order to reach an important economic growth we need, according the deputy prime-minister, to develop first of all the industrial sectors, including the metal processing, construction of machines and equipment, light industry, pharmaceutics, food industry as well as innovating sectors such as telecommunications. In what concerns the commercial policy, Greceanii mentioned that foreign trade is also extremely important for RM, given the fact that local market is relatively limited and the basis of raw material and energetic resources is not sufficient for satisfying the necessities. The Government’s representative expressed her hope that the investment Forum will offer the investors a real image of the Moldova’s evolutions and its business ambiance. “It is a favorable moment for investment in Moldova now, and for initiating new business here. There still exist lacks, but we are sure we’ll succeed to advance on the path of social and economic, scientific and technical progress”, Greceanii added. She concluded that the presence of the investors at the forum is an eloquent proof of the interest of running business in the R. of Moldova. More than 70 foreign investors representing 15 states, including Romania, Italy, Sweden, Poland, Hungary, Greece, France, and Israel participate in the forum.