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Latest political and economic advancements make Moldova more attractive to foreign investors

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Chisinau, 6 June MOLDPRES - "The latest political and economic advancements make Moldova a more attractive target to foreign investors," the manager of the Romanian Ascent Group consultancy company, Adela Cristea, made a statement to this effect during the opening of a business forum the company organised in Chisinau on 6-7 June.

Cristea said the forum, which brings together business representatives from Romania, Italy, Greece, Cyprus, Germany and the USA, aims at bringing in Moldova an important number of foreign companies interested to invest in the country's economy, and to conclude partnerships with local firms.

Participating in the forum, Deputy Speaker Iurie Rosca said "Moldova is open to cooperation with foreign business people, and it is eager to become a really functional economy. And the economic growth is one of the tasks of any institution specialised in economic collaboration."

The last year's positive dynamics is a proof to the favourable direct foreign investment climate in Moldova. Thus, in 2005, the direct foreign investments amounted to about 260 million dollars, increasing by 7.5 million dollars against 2004. Moldova forecasts to woo at least 300-million-dollar direct foreign investments in the domestic economy in 2006, Rosca said.

Deputy Economics and Trade Minister Igor Dodon specified that 31 per cent out of all the investments went to energy, water and gas supply sectors, 22 per cent - to processing industry, about 20 per cent - to trade, 10 per cent - to financial activities, etc.

Dodon said that Russia, Spain, the USA, the Netherlands, Germany and France are Moldova's top foreign investors, and specified that the transnational companies, Metro Group, Francetelecom, Union Fenosa, LaFarge, Sudzucker, EFES, Coca-Cola, Azpetrol have made the biggest investments in Moldova.

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