news agency Infotag

MOLDOVAN ECONOMY MINISTRY HAS PREPARED PROJECTS FOR DONORS CONFERENCE IN BRUSSELS

12.03.2010

The Moldovan Ministry of Economy has prepared a package of priority projects for the meeting of the consultative group of foreign donors to Moldova that will be held in Brussels on March 24.   

Deputy Premier, Minister of Economy Valeriu Lazar met with Libor Krkoska, EBRD Permanent Representative at Moldova, and said inter alia that with an account of the current situation in the national economy, a priority attention is attached to promising short-term projects called to promote the country’s economic rehabilitation.   

In the minister’s opinion, the economy’s chief problem is “to re-start the crediting of the real sector. Without it, we cannot achieve a sustainable development. At this very stage, Moldova needs support from international structures and organizations, and the experience of those countries which have managed to overcome crisis”.    

Libor Krkoska said that among the 20 projects the EBRD can finance annually in the Moldovan economy, there are projects that directly pertain to credit lines. He said the EBRD attaches priority importance to implementing projects in such spheres as transportation, water supplying, energy sector, and energy efficiency.  

Valeriu Lazar said that in June 2010 Chisinau will host the Business Week Moldova, in whose frame the Vienna Economic Forum will he held.  

The minister presumes it is necessary to present Moldova favorably also at the annual meeting of the EBRD Board of Directors to be held in Zagreb on May 14-15. For this, he believes it is necessary to focus attention on such topics as investment climate; the government-taken measures to consolidate the business environment; Moldovan business people’s opinion about reforms; expansion of trade ties; European integration possibilities and challenges.  

Infotag’s dossier:  The European Bank for Reconstruction and Development has already realized 55 projects in the field of Moldovan infrastructure development, having invested over 300 million euros, including into Moldova’s corporative, banking and energy sectors. The EBRD-provided funds have attracted extra investment totaling 235 million euros in the Moldovan economy.