The PMR Government Chairman`s address to the PIIEF-2019 participants

Dear participants and guests of the Pridnestrovian International Investment Economic Forum - 2019!

On behalf of the Government of the Pridnestrovian Moldavian Republic, I welcome you to the Pridnestrovian International Investment Economic Forum!

The Pridnestrovian International Investment Economic Forum (PIIEF) with is being held in Pridnestrovie since 2009 and becoming annual since 2017, traditionally gathers hundreds of participants and guests on its site. I am sure this year will not be an exception, but, on the contrary, will attract even more interested people to our republic: entrepreneurs, scientists and public figures, experts in the field of economics, finance and international law.

As in the past year, one of the main components of the forum is its investment component. I would like to remind you that last summer, thanks to the joint efforts of the Government and the Supreme Council, with the direct involvement of the President of Pridnestrovie, the new Law of the Pridnestrovian Moldavian Republic “On State Support of Investment Activity” entered into legal force. The provisions of this law were actively presented at many sites, both in Pridnestrovie and beyond. But today, a year later, there are good results, primarily with those who immediately began their cooperation with the republic, as well as with potential investors. It is gratifying that today new investment projects are at the testing and preliminary technological preparation stage.

I am glad to note that the geography of investors is growing - these are both neighboring countries: Russia, Moldova, Ukraine, Romania, and representatives of Poland, Austria and other countries of the European Union. Particular interest was shown by entrepreneurs from Italy, which resulted in the conduct of the “Business Mission of Italian Companies in Pridnestrovie” with the participation of representatives of more than 25 Italian companies. Italian entrepreneurs are interested in investing in light industry, recycling and agriculture.

As you can see, a lot has been done over the past year. We create a solid basis for cooperation, using all the advantages provided by law.

Another important fact is that the republic is not only open to foreign investors, but also provides opportunities for Pridnestrovian business. An example of this is the creation of the Entrepreneurship Development Fund this year, which is designed to help develop small and medium-sized businesses. Today, business schools and incubators are being created within the framework of this fund, where aspiring entrepreneurs can try their hand and gain the necessary knowledge. The plans are to develop this area, providing grant support to young businessmen.

Another important tool is long and cheap loans. Thus, this year the republic launched a program of concessional lending to industry and priority sectors of agriculture.

All these actions are aimed at the main result - improving the socio-economic situation in the republic and raising the standard of living of its citizens.

Dear guests and participants of the PIIEF-2019!

During these two days of the forum, interesting discussions, conferences and round tables are offered to the participants on the most pressing topics: from economy and investment, to discussion of the tourist attractiveness of our country.

I am convinced that the forum will become an excellent platform for establishing business contacts and developing joint projects. I wish all participants and guests of the forum successful work and good mood!

Respectfully,

Chairman of the PMR Government A. V. Martynov

The Pridnestrovian International Investment Economic Forum is being held in the republic for the seventh time. It was first held in 2009. Since 2016, the event has become an annual event and is held under the patronage of the PMR Government.

The PIIEF-2019 brought together representatives of Pridnestrovie, Moldova, Ukraine, Russia, Belarus, Kazakhstan, Poland, Romania, Austria, Israel, France, Germany, Italy, the United States - a total of 22 countries. The forum will last two days. The topic of the meetings is diverse: the potential of Pridnestrovie in terms of developing trade and economic relations with the CIS and EU countries, the introduction of modern technologies in business processes, tourist trends and their application in the PMR, investments in IT technologies, training of specialists in demand to balance the balance between supply and demand on the labor market, the interaction of government and business as the basis of socio-economic growth, youth policy, the environment and much more.