Connect with us

Economy

A Chinese company wants to expand in the Republic of Moldova

Published

on

The Chinese company MCC International Incorporation Ltd. plans to launch investment projects in the Republic of Moldova. Priority projects for the Chinese company would be to modernize and develop road infrastructure, digital education, renewable energy, waste management, and drinking water resources.

Entrepreneur Zhang Ye, who is also vice president of the company, said that the project for building national roads and a photovoltaic park could be started by the end of this year or early 2019.

MCC International Incorporation Ltd. is the world’s top 10 contracting company, listed on Hong Kong and Shanghai stock exchanges, with over 75 branches and subsidiaries abroad and over 120,000 employees.

Continue Reading
Advertisement

Economy

“A decision expected by 10,000 patents”. Deputies of ‘ACUM’ ask for an extension of patent activity to 2022

Published

on

Deputies of the opposition bloc ‘ACUM’ have today registered in Parliament’s secretariat a legislative initiative to extend small business activities based on entrepreneurial patents until 31 December 2022.

According to Deputy Alexandru Slusari, this decision is long awaited by about 10,000 patents, “who together with their families are now afraid of breasts” and “are hand-luggage.”

Reminder: In November 2018, the Parliament adopted a draft which indicated the term of the entrepreneur’s patent for retail trade to be extended until 31 December 2019.

The term of the patent was only extended to holders, which had patents for these activities on 31 December 2018. About 9400 patents in retail are currently valid.

Continue Reading

Economy

The IMF estimates an economic growth of 3.5% for the Republic of Moldova in 2019

Published

on

However, the report on global economic outlook “World Economic Outlook” shows that the Moldovan economy will grow more slowly than the previous forecast when the fund expected an increase of 3.8%, informs Moldpres.

According to the latest report of the Fund, the annual inflation rate will be 3.3% and the current account deficit of the Republic of Moldova will represent 7.7% of the GDP in 2019.

The IMF expects the economy of the Republic of Moldova to grow by 3.8% in 2020, and the same economic growth is projected by 2024.

The World Bank, too, recently revised the GDP growth forecast for Moldova in 2019 by 0.2 percentage points – from 3.8% to 3.6%. The World Bank forecasts inflation for this year at 4.7%.

How many years does RM need to reach the level of economic development of EU countries in 2018?

This economic growth rate of 3.5% is the lowest for the group of the poorest member states of the Commonwealth of Independent States (CIS), of which, according to IMF classification, the Republic of Moldova is part of. Accordingly, to reach the EU level in 2018, Moldova needs 34 years.

“The situation described above is not a short-term evolution of the national economy, but a long-lasting trait of economic changes in the Republic of Moldova,” said economist Viorel Gârbu.

According to the expert, taking into consideration the annual economic growth in the last 20 years (4%), the Republic of Moldova needs 14 years to reach the average level of development of economies in transition.

Approximately 27 years will be needed to reach the level of the CIS member state’s economic development in 2018 or 34 years – to reach the 2018 level of economic development in transition economies in Europe.

Continue Reading

Economy

A Swedish company would like to invest between 20 and 50 million euros in Moldova

Published

on

In the Republic of Moldova there are 32 enterprises with Swedish capital, the investments in social capital amounting to 74,154,000 lei. By value of the invested capital, Sweden ranks 17th among the major foreign investors.

A Swedish company would like to invest between 20 and 50 million euros in Moldova. The statement was made by Anders Jarlskog, the general manager of the Swedish company Euro Finans, during a meeting with Economy and Infrastructure Minister Chiril Gaburici.

According to a communique of the ministry, the management of Euro Finans has approved the investment for Moldova. However, they will have to be exposed to the Board of Directors of the company. In this respect, the Euro Finans management and the Management Board will hold a visit to Chisinau in order to discuss the facilities created for foreign investors, the strategic areas and sectors of the Republic of Moldova, the projects planned for this year, and so on. Following the visit, the Swedish delegation is to make the final decision on the investment.

Chiril Gaburici mentioned that Sweden is one of the main development partners and supporters of the so-called European path of our country, being among the top 5 donors of Moldova.

According to general manager Anders Jarlskog, Euro Finans’ entry to the Republic of Moldova will stimulate the economic development of the country thanks to its unique business model and product range.

“We appreciate the progress made by the Republic of Moldova in the reforms, as well as the facilities offered to the business environment, with the reduction of bureaucracy,” added the director of Euro Finans.

Euro Finans is a financial company specializing in B2B financing.

Continue Reading
Advertisement

Latest News

Culture11 hours ago

After criticizing Chisinau and its politicians, the English vlogger arrived in Transnistria // VIDEO

After visiting Chisinau, the English vlogger "bald and bankrupt" went to Tiraspol and Bender. He mentioned that the Transnistrians are "friendly...

Society2 days ago

Moldova has dropped 10 positions in the ranking of 2019 World Press Freedom Index as compared to the previous year

The Republic of Moldova holds 91st position in the 2019 World Press Freedom Index published by Reporters Without Borders, being preceded by...

Society2 days ago

Four criminal groups, decommissioned by PCCOCS and SIS. 18 people were detained

The PCCOCS prosecutors jointly with the SIS officers identified four criminal groups specialized in organizing illegal migration, money laundering, smuggling...

Tourism2 days ago

Air Moldova has demonstrated compliance with EU requirements

Air Moldova is the only company in the Republic of Moldova to have an Operational Safety Audit Security Certificate issued...

Diaspora3 days ago

Stories from diaspora// Dumitrița Gore – a violinist who performs on the best stages of Europe

Dumitrița is a violinist who is in love with classical music and violin. People usually say about such talents: “She...

Politics3 days ago

“They depend on both the Democratic Party, and the Kremlin.” Maia Sandu talks about the Socialist Party

The leader of Action and Solidarity Party (PAS), Maia Sandu, claims that the frequent, “ridiculous” travels of socialist deputies to...

Economy3 days ago

“A decision expected by 10,000 patents”. Deputies of ‘ACUM’ ask for an extension of patent activity to 2022

Deputies of the opposition bloc ‘ACUM’ have today registered in Parliament’s secretariat a legislative initiative to extend small business activities...

Advertisement

Opinions

Advertisement

Trending