Maia Sandu at Moldovan-German forum: State wants to be business people’s partner, not guardian

Investors are needed to improve the life of citizens and when these come, the state will make sure to create a favorable business clime where the fiscal, juridical and other kinds of relations with the authorities’ are clear, transparent and well intentioned, President Maia Sandu stated in the bilateral Moldova-Germany business forum held in Chisinau on September 29, IPN reports.

“The Republic of Moldova wants to be the partner, not the guarding of the businesspeople,” stated President Sandu.

She noted that the Republic of Moldova was shaken by corruption and banking and juridical scandals, but the new government undertook to put things right and to do an authentic reform in the justice sector, to bring corruption to an end and to ensure clarity in the business-state relationship and the stability of the banking system and to guarantee by law the protection of property and investments. Moldova offers opportunities to the business community and these should be now taken.

Attending the event, the President of Germany Frank-Walter Steinmeier said that he found in Moldova an established German business community. The Federal Government consented to provide about €10 million for development cooperation projects by which Germany aims to give an impetus to the reforms initiated by Maia Sandu. The political reforms, the fight against corruption and functional administration are the main pillars of a successful community and a precondition for gradual rapprochement with the EU, up to an accession perspective.

Frank-Walter Steinmeier expressed his confidence that the road followed by Moldova can take the country to a better future. In this regard, Germany will ensure full support. But the change needs the contribution of a viable civil society, a strong economy that creates jobs and people who see a better future for them and their children. Germany and Moldova are already reliable commercial partners. The German direct investment came to €275 million, while the companies here created over 9,000 jobs.

Ion Iordachi, acting director general of the Investment Agency “Invest Moldova”, voiced hope that the results in the new cooperation relations between Moldovan and German companies will appear swiftly. Germany remains one of the most important partners of the Republic of Moldova, ranking third by the volume of commercial exchanges, which exceeded US$341 million in the first half of this year. The economic cooperation with Germany is intense and beneficial to the Republic of Moldova, while the country’s government makes effort to maintain and extend the economic relations. Moldova signed 57 mostly economic agreements and additional documents with Germany. Over 400 companies with German capital operate in Moldova. The Investment Agency offers support to the Moldovan producers in the process of entering the German market and to the German companies in the process of investing in the Republic of Moldova.

Ulich Nussabaum, secretary of state at the Federal Ministry for Economic Affairs and Energy of Germany, said that reliable framework and legal conditions are needed to enable successful investments and to create a confidence basis for investors.

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