PM urges American business people to invest in Moldova

Chisinau, 12 April /MOLDPRES/ - Prime Minister Pavel Filip today met representatives of a group of important American companies, on a visit to Chisinau to participate in the Moldova-USA Business Forum, the government’s communication and protocol department has reported.   

The prime minister said that each time he was finding time in his agenda for discussions with potential investors. The PM appreciated the U.S. companies’ interest in Moldova. Filip reviewed  the principal reforms and actions implemented by the government for improving the business environment: cutting the number of institutions with control duties and permissive acts, amendment of the Labour Code, stabilization of the banking sector, fiscal and customs reforms.  

„As a result of the reforms and actions promoted by the cabinet, all components have been provided for attracting investments and boosting the commercial and economic relations between our states. I encourage you to attentively analyze the portfolio of investment opportunities from Moldova and we will do our utmost to persuade you to invest in our country,” Pavel Filip said.

The prime minister thanked for the financial assistance provided by the USA to Moldova since the declaration of the Independence, which stands at 1.4 billion lei. At the same time, Pavel Filip specified that he was willing an as soon as possible switch from financial assistance to investments in the national economy.   

U.S. Ambassador to Moldova Dereck J. Hogan said that the present visit by the American companies was the biggest business mission in Moldova and was just the beginning of strengthening the economic ties between the two countries.  

Sixty four bilateral treaties are signed between Moldova and the USA, among which the agreements on trade relations and mutual protection of investments. The convention on the avoidance of double taxation and the agreement on air transport are under negotiation. As many as 406 enterprises with American capital work in Moldova, with the sum of investments standing at 527 million lei.