PPA HEAD PROMISES TO STIMULATE DEVELOPMENT OF MOLDOVA-HUNGARY JOINT PROJECTS

Director of the Public Property Agency (PPA) Vladimir Baldovici expressed joy about the Hungary's interest in developing business in Moldova and promised to do everything possible to stimulate joint projects.

According to the PPA, he met with potential investors from Hungary Janos Veres and representative of the OTP Bank Benedek Fullop.

According to Baldovici, foreign investment mean not just inflow of capital, but also technologies, knowledge, practices which may contribute to development of many sectors of the national economy.

"We treasure and encourage the development of joint projects with Hungary, which are interested in investing in development of the Moldovan economy. The Hungary's experience is necessary and suitable for our country", he said.

During 60 years the OTP Bank is the Hungary's largest institution, having offices in eight other countries and servicing over 13 million clients. Recently, the bank purchased the control package of shares of the Moldovan Mobiasbanca worth 97.85%.