THE INVESTMENT COUNCIL APPROVED SIGNING OF ONE MORE CONTRACT

12/27/18 14:13

THE INVESTMENT COUNCIL APPROVED SIGNING OF ONE MORE CONTRACT

This agreement will become the fifth from the moment of adoption of the new investment law

Tiraspol, December, 27. /Novosti Pridnestrovya/. The Investment Council at the Government approved the signing of one more contract with the investor. The decision was made at today's meeting. It is the moldo-Italian company which has already been engaged in the hardware production, releasing including a copperplated welding wire for a quarter of the century. The total amount of investments is over 3 million euros. 

"From them, 2.6 million are investments in fixed assets, about 500 thousand euros are in reverse. All volume of investment is planned to be carried out in the first quarter of the 2019th. Today a part of the equipment has already imported into Moldova and is in the mode of a customs warehouse, another part of the equipment came around just yesterday, so in case of our positive decision it will be moved to the PMR the next year", – the Director of the Investments Agency Andrey Betanov told. 

"It is the Italian project which was initially assumed to placement in the free economic zone of Moldova. But owners considered more rational and expedient to place this project with us. It is a peculiar marker of the efficiency of our investment legislation and that policy which is implemented concerning investors", – the Deputy Prime Minister, the Minister of Economic Development Sergey Obolonik added. 

The company intends to create about 50-60 new jobs, having recruited local experts who will complete advanced training courses in Italy. Power-consuming industry, with almost round-the-clock operating mode. Where exactly it will be placed (about three thousand square meters are required) is not clear yet, but several production sites in Bendery are ready to accept it. 

The enterprise also intends to develop production cooperation with the Moldavian Metallurgical Plant – to buy from it a rod iron for the release of a wire that will give to the plant the guaranteed sale of a certain part of products. 

"We hope that emergence of similar industrial hubs is only the first stage. These investors are farther, having production cooperation, attract the following enterprises in a chain. Development of satellites which would use Moldavian Metallurgical Plant raw materials, taking place at us, it is correct also from the strategic point of view", – Sergey Obolonik considers. 

The company already has a sales market - it in Europe. According to forecasts, annual export will be of about 5 million euros. 

The signing of the contract with the investor is planned for tomorrow, December 28. For Pridnestrovie, it will become the fifth implemented project from the moment of adoption of the new investment law. 

"It is the Romanian project in Bendery, the Austrian-German project in Rybnitsa, the Ukrainian project connected with agro-industrial processing which will be based in Dubossary or northern areas. Still, there is a project in the field of agricultural industry on a filbert too, and the investor already has a contract with "Ferrero Rocher", it was necessary to place the following Italian project. Each of them is not less than one million euros, today's – up to 3 million, about 10 million euros because on some projects the sum of 2-2.5 million in total turn out", – the Deputy Prime Minister noted.  

In total in investment Agency, there are in work about 24 projects.  

 

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