COMPANIES WITH FOREIGN CAPITAL GENERATE 23% ADDED VALUE IN REPUBLIC - GET MOLDOVA

Companies with foreign capital, whose share is 7%, are producing 23% of the total added value in Moldova, demonstrated the results of the analysis, conducted by the German Economic Team GET Moldova

GET Moldova representative Woldemar Walter said that these companies also ensure 15% of all the jobs in the republic, they are 71% more active than local companies and propose a more attractive salaries.

"The role of foreign companies in state budget replenishment is very important, as the share of their tax on income accounts for 34%. This is explained by the fact that they propose higher salaries. All this says that the Moldovan Government has to make more efforts for attracting foreign companies", he said.

GET Moldova head Ricardo Giucci said that the sum of direct investments per capita in Moldova accounts for US$741, which is the last but one place among the region's countries. Only in Ukraine this sum is smaller - US$623. In the neighboring Romania, it accounts for US$3.5 thousand per person.

"However, this rate should not be regarded as universal. If we compare investments with GDP, it turns out that Moldova is in the middle of the list with 41%. Thus, there is still a reason for optimism", he said.

The expert said that 61% of direct investments in Moldova come from the EU. It is worth noticing that 65% of Moldovan exports go to Europe. Another Moldova's large investor is Russia with a share of 28%, which are mostly directed to the country's energy sector.

"Most of investments are directed to energy sector - 33%, financial sector - 18%, processing industry - 16%, immoveable property -10%, hotel and restaurant business - 9%, wholesale and retail trade - 9%, agriculture - 1%", he said.

The analysis was based on the National Bank of Moldova and the National Bureau of Statistics data.

Infotag's dossier: The GET Moldova is a group of economists, which is consulting the Moldovan Government in the field of economic policy since 2010.