Agreements on strategic investment projects to be signed in case of over 3 million dollars of investment

Chisinau, 29 May /MOLDPRES/- Investment agreements for strategic investment projects will only be signed in the case of capital injections over 3 million dollars, according to the Regulation on elaboration, conclusion and monitoring the implementation of investment agreements on strategic investment projects, approved today by government.

Under the document, the government within its competence may conclude investment agreements, “defining the state's support to strategic investment projects to reduce investment risks and to facilitate implementation of these projects.”

Strategic investment projects must comply with at least five of the ten criteria laid down in the Regulation, requiring investments of at least 3 million dollars and creating at least 100 new jobs and providing an average monthly salary at enterprise for employed people at least equal to the average salary on economy. Other eligibility criteria include setting new industries, new infrastructure or the development of new production for the Moldovan economy. The use of innovative technologies and equipment.

Strategic investment projects of national importance will be selected by a Council. Monitoring the implementation of these projects will be done through the Investment Agency.

The draft decision aims to ensure a uniform treatment of investors and to improve the investment climate, especially in strategic areas of the national economy. Three major goals are pursued by approving this project - creating the legal framework for identification and selection of strategic investment projects and the procedure for concluding and monitoring the execution of the agreement, to ensure transparency and predictability, and attracting investment in strategic areas.