German company Draexlmaier will open an office in Cahul, its fourth in Republic of Moldova. The investment budget project is of 30 million euro.

The enterprise will produce electrical cables for cars and will take up 20 thousand square meters. The factory will start its activity in July 2018 and it will employ 1 500 people by the end of the year.

During next year, the company will create 2 000 more work places for it's factory from Bălți, the total number of employees reaching 6 500 persons.