Bettering legislation on investments, applying international good practices, keeping a productive dialogue and involvement businesses in carrying out reforms. These are several moves aimed at luring private investments to Moldova.

They are also part and parcel of the commitments of the Economic Council regarding investment policies, which have been inked by Premier Pavel Filip today. 

According to the document, the Cabinet will set up a tool to consider investors’ complaints, will improve the visa and work permit issuing procedures and will publish a list of all stimuli offered to the investors.

It will strengthen the institutional capacities of the Investment and Export Promotion Organization (MIEPO) and will create an official source to inform investors on potential Moldovan partners.

According to official data, the amount of direct investments into the Moldovan economy was $3.58 bn, by the end of 2016, 3.3% more than in 2015.

Most of them came from the EU and targeted the processing industry and the financial sector.