12/07/18 15:09


German consulting company analysts will soon complete an analysis of the republic investment attractiveness

Tiraspol, December, 7. /Novosti Pridnestrovya/. Deputy Economic Development Ministers Alevtina Slinchenko and Maria Glushkova, met with a delegation from Berlin Economics together with Director of the State Tax Service Maxim Badenko.

Welcoming the analysts of the German consulting company, Alevtina Slinchenko noted that the results of their work are reflected in the design of the fiscal and tax policy of PMR.

“The view from the side on the problems and issues that relate to economic development is very important in making our decisions” - the Ministry of Economic Development press service quoted Alevtina Slychenko.

Foreign experts presented a review of Pridnestrovie macroeconomic indicators. Note, that this analysis is being done by specialists from Berlin Economics every six months. The document contains important information for potential investors.

Project manager Jörde Radek spoke about the very impressive GDP growth recorded in Pridnestrovie in the first half of 2018. In real terms, this indicator increased by 19 per cent compared to the same period of 2017. The main reason for this jump is the positive dynamics that industrial production demonstrates. An increase can also be seen in the export line.

In addition to the traditional "locomotives" - the metallurgical industry and the power industry - Jorg Radeke drew attention to strengthening the position of light industry in the overall production structure, advising to support this favorable trend further.

During the meeting at the Ministry of Economic Development, the topic of the investment climate was also touched on. For the first 9 months of 2018, economists at the consulting company stated a significant inflow of infusions - by 46 per cent compared to the same period in 2017. At the same time, the share of investment in the economy of Pridnestrovie is not so high, according to Jorg Radeke.

Among the positive factors that contributed to investments in the economy of the republic, a foreign expert called the new modern legislation, the ability to receive subsidized loans and, most importantly, the stabilization of the situation in the monetary and fiscal spheres.

Jorg Radeke said that the analysis of the republic’s investment attractiveness will be soon completed, after which the experts of Berlin Economics will present a report on this issue to the Pridnestrovian side.

At the meeting with foreign experts they talked about inflation. If during 2017 its level reached 12 per cent, then in 2018, according to Jorg Radeke, inflationary pressure has decreased and is under the control of the authorities and PMR Central Bank. In addition, a good result was achieved in terms of reducing the budget deficit from 24 to 16 per cent.

Separately, the interlocutors exchanged views on entrepreneurial activity in Pridnestrovie. Maria Glushkova and Maxim Badenko told analysts about the legislative changes in that area, which should come into force on April 1, 2019.

At the end of the meeting, its participants expressed the hope that bilateral cooperation would continue to be substantive and constructive in the whole range of topics of interest.


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