Chisinau hosts for the first time the annual meeting of investors of Horizon Capital, one of the largest regional investment funds.
This was announced by Deputy Prime Minister, Minister of Economic Development and Digitalization Dumitru Alaiba, noting that this fund manages approximately $1.4 billion and is mainly engaged in investing in fast-growing entrepreneurial companies. Investors from the United States, Sweden, Finland, Switzerland, France, Germany, Luxembourg, Denmark and other countries present today at the event in Chisinau manage assets worth more than $630 billion. Dumitru Alaiba wrote on his social network page that he told foreign investors about a very ambitious reform agenda of the Moldovan government, how the authorities are coping with current problems and how they are building a sustainable, strong, free and open economy of the country. “No bureaucracy. No extra fluff. Bureaucracy is the main enemy of productivity. 100% of public services should be digitized. We have already reached an indicator of 42%, next year we want to reach 75% and will not stop until we reach 100% of the digitization of public services,” the Deputy Prime Minister said. He also noted the importance of labor market flexibility, stressing that the authorities will increase the supply of labor. Particular attention will be paid to ensuring access to investments from the capital market. “Moldova is missing out on growth year after year because we have no access to capital, and our entrepreneurs have no alternative to a bank loan,” said Dumitru Alaiba. He expressed confidence that the "LLC reform" and other pro-investment measures being taken will have a huge impact in the next decade. “A simple and business-friendly taxation system is the foundation of a fair economy. Access to new markets: We have unprecedented openness in Western markets. We must take advantage of this. These are just some of the areas we are hard at work in order to provide a strong boost to our economy in the coming years. We cannot afford a slow growth of 2-3% per year,” the Deputy Prime Minister stressed. // 12.07.2023 — InfoMarket.
