Investment opportunities and export offer presented in the bilateral Forum
Business opportunities, free trade agreements benefits, attractive tax system, investment platforms and other topics were presented today, 15 July, at the bilateral forum "Business Bridges Spain-Moldova".
The purpose of the event was to inform the members of the Spanish Chamber of Commerce about business opportunities in Moldova and the competitive advantages our country has compared to neighboring countries for foreign investors as well as export partners.
Rodica Verbeniuc, General Director of the Investment Agency: “It is an honor for the Investment Agency to host this important event, for both countries. Moldova offers a wide range of opportunities for potential investors, through existing investment platforms such as industrial parks, free economic zones, virtual IT park, tax facilities offered to economic operators, as well as through multifunctional industrial platforms. All this makes Moldova very competitive among its regional partners. In order to capitalize on its strategic geographical position, in recent years, the Government of the Republic of Moldova has improved its regional integration efforts, promoting economic policies that are beneficial to all investors.”
During the event, the Investment Agency presented the new project of the Government, which consists in the creation of 16 multi-functional platforms in different countries, as an additional platform for investment projects, aimed at ensuring a uniform industrial development in the regions of the Republic of Moldova. It will provide new opportunities for investors to launch production activities in areas connected to all utilities, with access to road, energy, water and sewage infrastructure.
Jaime Montalvo, International Director of the Spanish Chamber of Commerce, mentioned that the Republic of Moldavia was the perfect place for investments in various sectors, be it or agriculture, infrastructure or automotive. "We want as close and productive cooperation as possible, especially now that some of the most important investments are made in the IT and automotive sector", added Jaime Mantalvo.
Premier Energy Moldova, Timbrus Winery, IT companies such as Indra systems are just several favorable economic experiences in our country.
At the end it was agreed that the Spanish side, via the Spanish Chamber of Commerce, would select companies interested in investing and exporting in the Republic of Moldova and divide them into strategic economic sectors. Therefore, bilateral meetings targeted on sectors such as agrifood, IT, infrastructure, automotive would be organized.
With a volume of foreign trade of $119 million in 2019 and $45 million in January-April 2020– Spain iranks 13 place on Moldova’s market according to the volume of investments in the share capital. There are 62 enterprises with Spanish capital in the Republic of Moldova, with share capital investments amounting about 341,180 million lei.
According to the International Financial assessment Agency, Moody's, Moldova is considered to be economically stable over the last 2 years. According to the doing Business 2020 report, Moldova is ranked the 48 place among 190 analyzed states.