Total volume of investments in Moldova’s industry is expected to exceed 500 million euros by 2036
Director of the Moldovan Investment Agency, Natalia Bejan, announced this in an interview with the Romanian magazine Capital. She noted that the National Industrial Development Program marks an important step in supporting investments and sustainable economic growth in Moldova, and the central element of this program is the first mechanism of state support for investments in industry, thanks to which large and small companies investing in business expansion and development can receive up to 60% of the investments made in the form of grants and tax exemptions. The state support will be expressed as follows: 25% immediately in the form of a grant and the remaining 75% in the form of a 50% exemption from income tax. Areas eligible for this support include electronics, chemicals and pharmaceuticals, machinery and auto components, textiles, building materials and food processing. “The initial budget for this mechanism is at least 2 billion lei, with the possibility of expansion depending on the demand from companies. Until 2036, a total investment of more than 500 million euros is expected, which will contribute to the modernization of the industrial infrastructure, creation of well-paid jobs, reduction of labour migration and increase of labour productivity,” Natalia Bejan stressed. According to her, the main objectives of the program for 2025 are aimed at attracting the largest amount of new investments, increasing the competitiveness of the economy through technology and innovation, as well as balancing economic development in all regions of the country. From January 1, interested companies can apply to the Ministry of Economic Development and Digitalization. “Through this program, Moldova reaffirms its commitment to support industry and investors by offering a clear, predictable structure in line with European standards, designed to bring real benefits to the entire economy,” Director of the Investment Agency of Moldova said. She noted that the agency she heads is in charge of attracting investments, supporting export development and promoting the country's image, and functions as a “single window” for investors and exporters, facilitating their access to economic opportunities in Moldova. // 11.02.2025 - InfoMarket.
