American company wants to invest in free economic zone in northern city of Moldova

Chisinau, 16 July /MOLDPRES/ – The American company KVG is interested in investing in production in the Balti Economic Free Zone (ZEL) (Marculesti International Airport). This issue was discussed today at a meeting between the Minister of Economy and Infrastructure, Chiril Gaburici, and the company representatives.

"We got invested in Moldova and we want to stay here," said US company representatives, according to a press release issued by the Ministry of Economy and Infrastructure (MEI).

Chiril Gaburici mentioned that identification of potential investors interested into development of Marculesti International Airport, as well as potential residents of ZEL, are among MEI's objectives. The Moldovan official urged the US company to develop business in Moldova and benefit from a series of fiscal and customs facilities.

The Minister presented to potential investors the results recorded by seven ZELs in 2017. "Last year, the total volume of investments was nearly $350 million, nearly 23 per cent more than in 2016. At present, nearly 200 residents have over 12,000 employees, almost double than previous year. We make every effort to become competitive for investors so that we succeed in next two years to double both volume of investments and number of ZEL employees," said Chiril Gaburici.

The ZELs are parts of the Moldovan customs territory, economically separated, strictly delimited throughout their perimeter, in which there are allowed domestic and foreign investors, under preferential regime, genres of entrepreneurial activity, under the terms of law.

The ZELs are created to accelerate the socio-economic development of certain territories and Moldova, as a whole.

(Reporter N. Sandu, Editor A. Raileanu)