TWO INVESTMENT CONTRACTS WERE SIGNED DURING THE PRIDNESTROVIAN INTERNATIONAL INVESTMENT ECONOMIC FORUM 2018

10/11/18 15:26

TWO INVESTMENT CONTRACTS WERE SIGNED DURING THE PRIDNESTROVIAN INTERNATIONAL INVESTMENT ECONOMIC FORUM 2018

Also at the forum site there were adopted a number of cooperation protocols and agreements
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Tiraspol, October, 11. /Novisti Pridnestrovia/. New investors were attracted to the republic. The relevant contracts were signed by the Government and foreign investors during the Pridnestrovian International Investment Economic Forum.

Pumpkin seed production, berries and fruits cultivation and freezing will soon be launched in the republic. Pharmaceutical production will be started in Bendery. 

Anatoly Pacel, investor from the Ukraine, intends to introduce modern Austrian technologies in Pridnestrovian agriculture. The businessman believes that today the republic is the most suitable for the project.

Cherry, plum, apricot and all sorts of berries will be planted. Special attention is paid to the gymnospermous pumpkin seeds cultivation - such product is particularly in demand on the international market.

“We are going to build a refrigeration plant up to 5 thousand tons, which will compete head to head with world leaders like Bonduelle” - Anatoly Pacel admitted.

The investor is confident in the professionalism level of the republic agronomists, therefore only Pridnestrovians will be provided with jobs. In total, about 8 million euros will be committed to the project.

A number of protocols and agreements were signed in the field of priority investment projects development. The Government will cooperate with the new Russian University, which will improve manpower development in the republic.

Andrew Betanov, Investment Agency Director, and Maxim Chereshnev, Board Chairman of Council for Foreign Trade and International Economic Relations Development of RF, have also signed cooperation agreement.

“The Council will assist investors who are localized in the territory of the Pridnestrovie to enter the Russian market” - Maxim Chereshnev explained.

According to the Chairman of the Government, such a high result was achieved thanks to the establishment of a favorable investment climate.

Under the new investment law, conditions are becoming more attractive and understandable: there are no such tax benefits as in Pridnestrovie throughout the post-Soviet area. Legislative protection is provided for 10 years, and in case of disputes investor can apply to any court in the world.

“For our economy this is an additional capital infusion and creation of production sites and additional jobs. In the near future, this means higher export earnings and additional tax liabilities, including in the pension fund” – Alexander Martinov concluded.

The 4th Pridnestrovian International Investment Economic Forum started on October, 11. More than 600 representatives from different countries, including India, China, Italy, Poland, Romania, Austria, Germany, United Kingdom, Estonia, Russia, Ukraine and Moldova will become its participants.

The main concepts of the forum were Pridnestrovie investment attractiveness, investment business plans presentation, as well as the new investment legislation of the republic.

The current forum differs from the previous one precisely by focusing on the investment component. Today 18 investment projects are under consideration by the authorities. They mainly concern the sphere of agriculture, food and chemical industries, pharmacy. Two projects are planned to be signed at the site of Pridnestrovian International Investment Economic Forum 2018.

The results of the forum will be summed up at the closing session on October, 12 at 4 p.m.

 

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