The program for the acquisition of Moldovan citizenship through investments will be implemented shortly. The government approved on Monday the mechanism for setting applicants' eligibility requirements and eligibility criteria.

Minister of Economy, Mr. Chiril Gaburici, said that the document provides for the necessary legislative changes and the formal procedures to be included in the normative framework.

According to the program, a foreign investor will be able to obtain the citizenship of Moldova if he allocates at least 100,000 euros to the Sustainable Development Fund or at least 250,000 euros in a strategic field of activity. Similar programs are implemented in several countries including Spain, Portugal, Greece, Latvia, Malta, Cyprus and Canada.