Geography of investment is expanding in Pridnestrovian economy

09/04/19 17:08

Geography of investment is expanding in Pridnestrovian economy

Today it is more than a dozen countries, according to the Chamber of Commerce

Tiraspol, September, 4. /Novosti Pridnestrovya/. The geography of countries investing in the economy of Pridnestrovie is constantly expanding. According to the data provided by the Chamber of Commerce and Industry, today it is already at least 10 states.

So, the Hungarian company TAGEP invested more than $ 1.5 million in the Rybnitsa cement plant since the beginning of 2000. The money went to pay off accounts payable of the enterprise, upgrade production facilities and purchase new technologies.

From 2011 to 2017, the Russian company Inter RAO UES OJSC invested about $ 80 million in fixed assets and the modernization of its Moldovan State District Power Plant. And the Sevkabel holding (also of the Russian Federation), having become the owner of the Bendery plant Moldavkabel, invested more than $ 18 million in it.

Representatives of large business from Ukraine were present in Pridnestrovie as investors, controlling, together with Russian businessmen, more than 90% of the shares of the Moldavian Metallurgical Plant. From 2009 to 2015, they invested more than 50 million US dollars in it. Another Ukrainian company, Agrodar, has invested more than 8 million euros in our economy.

Last year, the republic adopted new investment legislation. Large investors are exempted for a certain period from paying a number of taxes - on income, on land, as well as on income tax on dividends of shareholders. The Agency for Investments and Development and the Investment Council were also created, which are designed to facilitate business as much as possible for those who want to work in Pridnestrovie. And the Investment Portal has become a kind of business visiting card of the republic.

The first to take advantage of the new law was the Romanian company Top Geo Serv. On the basis of the Bendery automobile assembly plant, they created the first in Pridnestrovie production of steel and light metal structures used in construction. In total, last year they invested more than 500 thousand euros in production, and plan another 400 thousand euros by 2025.

The company Magnesit from Austria began the production of refractory materials this year. Raw materials for production are taken at the Moldavian Metallurgical Plant. At the first stage alone, about 1.2 million euros were invested and 60 new jobs were created.

In the summer of 2018 the Moldovan-Italian company OMP-Group created an enterprise for the production of welding wire. The volume of attracted investments will be 3 million 200 thousand euros, and initially the number of created jobs will be about 50 units.

By the way, Italians have been working in Pridnestrovie for quite some time. One of the successful examples is Soft Shuz. The company operates in Bendery and manufactures men's and women's shoes. Over the past 5 years alone, the volume of investments amounted to 6.5 million US dollars, and the number of jobs created was 1200 units.

Another Italian company - Lender-Agroprim - began to work in our republic since 2014. Its profile is the cultivation of oilseeds and grains. The company has created more than 100 new jobs, and the volume of attracted investments over the past 5 years is 3.1 million euros.

This year, representatives of the Bulgarian-Chinese Chamber of Commerce and Industry entered in Pridnestrovie. Their interests are associated with the creation of a free economic zone in the field of cryptocurrency mining. The plans include the implementation of two investment projects totaling about 18 million euros.

Investors from Germany represented by Terry-Pa company, located in Parkani have invested more than $ 1.6 million in our economy. The company created more than 300 new jobs.

Last year alone (since the adoption of the new legislation) 5 agreements were signed with investors from Romania, Ukraine, Moldova, Italy, Bulgaria. Today, about 13 of the most promising projects to be implemented are in the work of the Agency for Investment and Development of the PMR Ministry of Economic Development. The geography of targeted business trips to present the investment potential of the PMR includes Russia, Italy, France, Germany, Bulgaria.

 

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