MOLDOVA CAN ATTRACT INVESTMENTS THAT WILL RELOCATE FROM ASIA - EBRD EXPERTS

Moldova has an opportunity to attract investments that will relocate from Asia and other developing economies back to Europe, economists of the European Bank for Reconstruction and Development (EBRD) believe.

In an article published in the June issue of Banking and Financing Profit magazine entitled "Moldovan economy and coronavirus: impact and recovery", the EBRD economists named several advantages of Moldova.

"With existing experience of successful foreign direct investments attraction in the free trade zones and competitive advantages of proximity to the EU, in addition to the well-educated but cost-efficient labour force, Moldova has an opportunity to attract investments that will relocate from Asia and other developing economies back to Europe," the experts said.

At the same time, they stressed that competition for foreign direct investments in the region would be high.

Therefore, the experts said, solving "bottlenecks such as infrastructure, simplifying red tape and strengthening the rule of law will be critical to attract investments". "Addressing longstanding infrastructure priorities can provide stimulus to the economy in the recovery phase as well as increase its growth potential. Moldova is in dire need of significant capital investments in its road, rail and municipal infrastructure," the EBRD experts added. (You can read the full article in the June issue of the Banking and Finance Profit magazine.)