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Government approved the National Program for the Development of Industry for 2024-2028.

Government approved the National Program for the Development of Industry for 2024-2028.

This policy document defines the strategic vision and main directions for the development of the processing industry in the medium term. The program is aimed at improving management and institutional modernization of the industry, mobilizing capital and labor, stimulating production and transition to a green economy. It is planned to prioritize the development of the electronics, chemical and pharmaceutical industries, the production of cars and auto parts, the textile and clothing industry, the production of construction materials, and the food industry. The program contains a set of measures to stimulate investment in industry and facilitate access to skilled labor, increase innovation and competitiveness of the processing industry, etc. The program envisages optimization and strengthening of existing investment platforms - FEZs and industrial parks, as well as creation of new specialized eco-parks and creation of multifunctional industrial platforms. ODA instruments will be used to support enterprises in the industrial sector. The program also contains measures to stimulate employment of the active but not employed population - unemployed, housewives/housekeepers, citizens who work abroad or who plan to become guest workers, people employed in the agricultural sector, as well as residents of the Transnistrian region and foreigners. A separate package of measures concerns the greening of industry, stimulating circular economy projects and providing banks with "green" credit lines to finance industrial enterprises. The implementation of the first stage of the program in 2024-2026 will require about 333.3 million lei, of which 31.5 million lei will come from the state budget, while the rest of the funds will be covered from external assistance. Until 2026, it is planned to make a series of amendments to the legislation, strengthen the capacities of the conformity assessment structures, invest in the laboratories of the institutions that carry out technical tests, analyze the efficiency of the FEZs, optimize at least one such investment platform, stimulate clustering in the industrial sector, encourage guarantees and crediting of the processing industry through the instruments of the ODA programs, etc. // 17.04.2024 - InfoMarket.

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