Moldovan deputy PM says over 81 per cent of foreign direct investments come from EU, only 6 per cent - from Commonwealth of Independent States

Chisinau, 31 December /MOLDPRES/ - Moldovan products win ever more appreciation on markets of the West and the European Union consolidated as the principal and the surest economic partner of Moldova. Presently, 65 per cent of the exports go to EU and 81.5 per cent of the foreign direct investments come from the Union’s member states. For comparison, as little as six per cent of the foreign investments come from the Commonwealth of Independent States (CIS), which is  by over 23 times less. Deputy Prime Minister, Economic Development and Digitalization Minister Dumitru Alaiba unveiled the figures to this effect in an interview given exclusively with MOLDPRES.   

The deputy PM noted that Romania, Cyprus, the Netherlands, Italy and Germany were the principal countries investors in Moldova’s economy. ‘’This thing confirms that EU is not only the main destination for our exports, but also the majority source,’’ Dumitru Alaiba said.      

The economy minister stressed that the integration into the European Union opened huge economic opportunities for Moldova. ‘’All countries which joined EU experimented an accelerated development, stimulated by the increase in the commerce and investments. This progress found expression inevitably in higher incomes for citizens – higher salaries and pensions, as well as a better quality of life.    

Obviously, there is room for the better. And we do our utmost to turn to good account this potential. For instance, the extension of the liberalization of the trade with the European Union is a direct support for our entrepreneurs. We take just a concrete case: starting from 2022, Moldovan producers have been able to export without customs duties larger quantities of apples, garlic, sweet cherries, grape juice, plums, tomatoes and table grapes. These commercial facilities allow us extending our presence on the European market and providing competitive products. These efforts will make our products reach even more tables in Europe and the people of Moldova will be able to feel even more the benefits of an economy connected to the European standards,’’ Dumitru Alaiba said.   

More details on the development of Moldova’s economy in 2024 and the changes the entrepreneurs will expect in 2025 can be learned in an interview given by Deputy PM Dumitru Alaiba with the MOLDPRES Agency, due to be spread soon.