Holland is the new leader of foreign investments in Moldova
Holland became the leader in Foreign Direct Investments (FDI) in Moldova in 2006 – with MDL 2 bln, followed by Russia – MDL 1.3 bln and Spain – over 1 bln. FDI amounted to USD 116.6 mln in the first 9 months of 2006 and for the first time the reinvested incomes within FDI made up USD 9 mln. The highest volume of FDI was registered in 2005 – over USD 260 mln, by 8% higher compared with 2004. These data show that the investment environment of Moldova is more trustworthy, head of Structural Polices Department of the Ministry of Economy and Commerce Vadim Ceban told a seminar organised by MEC at the “Made in Moldova” exhibition. According to the cited source, the Government plans to reach an investment level in economy of 25-30% by 2010, to increase by 8-15% annually the investment volume in the fixed capital, and FDI – not less than 10% annually. It is also planned to increase the industrial output by 10-12% annually, and the growth pace of the exported goods and services – by 10-15% annually etc. It was announced that a series of seminars on export of goods will be organised for local businessmen in 2007. 50 companies will participate in the seminars that will be held in Chisinau, Cahul and Balti.