MOLDOVA AND UAE DISCUSS OPENING OF INTERNATIONAL FINANCIAL CENTER IN CHISINAU

Moldovan President Igor Dodon gave an interview to the Banks & Finances, in which he said that Moldova and the United Arab Emirates (UAE) are holding negotiations about opening in Chisinau of an international financial center.

He expressed hopes that the two countries will manage to find common grounds and bilateral interest in one of cooperation directions.

“We are seriously and deeply working on studying the possibilities of opening an international financial center”, he said.

At the correspondent’s request to open the parentheses and tell which services will be provided by the center, the president said: “I think at the current stage it is too early to open all the parentheses in the situation, when we are still studying in detail all the proposals and possibilities”.

“For example, there is a proposal on changing the Moldovan legislation for this and it is about very serious changes. In a certain sense, this may be an international financial settlement center, when foreign clients will be making their transactions via Moldovan banks, which will allow servicing large international financial flows”, Dodon said.

According to him, for Moldova this would be both profitable and interesting.

“Currently, the UAE is deciding in which countries such centers will be opened”, the president added.

He said that the very head and owner of the United Arab Bank, which is a very serious financial institution, visited Chisinau.

“I hope that by the end of 2017 we can agree upon quite concrete investment projects in the Moldovan economy”, said Igor Dodon, adding that the UAE sheikh, when he studied in detail the stealing from Moldovan banks, went into a deep thinking.