Report on a project in the Republic of Moldova that attracted foreign investment: EU Project „Support for promoting exports and attracting investment in MD”
Since RM has been an independent country it has started to build a sovereign and independent state, with friendly external relations and with developed economy for the welfare of citizens. In this context the government continues to focus its efforts to improve internal and external economic conditions. Over the past few years the development of national economy continued to be influenced by a number of internal and external factors such as unfavorable weather conditions, increasing prices, the embargo on export wineries production in the Russian Federation, which had a negative effect on export-oriented industries.
Even so, RM is decided to continue the promotion of competent and flexible policies to ensure sustainable growth of economy and European integration. EU still remains a faithful partner in support of economic reform policies. At every stage the main objective of the EU-RM cooperation consists in developing a relationship between the EU and RM, which would exceed the previous levels of cooperation, the development of policies for better economic integration, including in the energy sector, the promoting economic growth and reduction of poverty.
The European Commission has been actively involved in supporting the development of a socio-economic success in Moldova. Considering that Moldova could benefit successful and continue the specific support in promoting exports and investment of infrastructure of Moldova, the European Commission has launched a new technical assistance project for a period of two years which value is about 1.6 mln euros, called „Support to promote export and attract investment in Moldova” whose beneficiaries are the Ministry of Economy and Trade and Ministry of Agriculture and Food Industry. The project is lead by the German Company GFA Consulting Group in consortium with the Irish Company „IDI”.