Tiraspol, December 14. /Novosti Pridnestrovya/. In 2019, investments are growing at a faster pace than the economy is, and this creates the preconditions for economic growth. This opinion was expressed by the Prime Minister Alexander Martynov on air of the First Pridnestrovian TV channel.
New investment legislation began to work in the summer of 2018. The Prime Minister said that for almost a year and a half, the law had received a good assessment from investors and experts.
“I often visit different countries. We are negotiating with large ones. Many say that we have a good economic policy, a very good investment law, but there is a problem - the international unrecognition of the republic. In Vienna, I asked the head of a very large international company a question about how he sees a way out of the situation so that everything works. He asked for a guarantee or surety from one of the backbone Russian banks. This is a generally accepted global mechanism when such interstate guarantees are given. I also heard this from other foreign investors,” Alexander Martynov said.
The head of the executive branch of Government said that on this issue, the republic’s leadership had turned to the Deputy Prime Minister of the Russian Federation Dmitry Kozak with a request that one of the Russian system-forming banks gave such a guarantee, expressing the hope that interaction with the Government and the banking system of the Russian Federation would give a positive result.
Investments in 2018 compared to 2017 increased 1.5 times, and in 2019 the volume of investments increased by another third, Alexander Martynov said.
The Prime Minister explained at what expense that event had happened. First, there has been subsidy program launched. The Prime Minister stated that the enterprises had investment projects, but they could not finance them, because their money has been not enough, and bank loans at a rate of 10-12% had been simply unavailable. In 2019, this mechanism financed investments in the amount of 220 million rubles from the banking system. Alexander Martynov drew attention to the fact that that was an investment in the real sector, mainly in agriculture.
Another area is financing inter-tariff differences for housing and utilities infrastructure. As a result of the infusion into their investment programs, they increased several times (electricity - by 20%, water utilities and heat - twice).
A significant role in the growth of investments was played by investments in social infrastructure, Alexander Martynov said. Here, one of the key investors was the state. About 200 million rubles were allocated through the Capital Investment Fund for the restoration and development of infrastructure.
“We have to pay attention to the versatility of the fund. On the one hand, we are restoring infrastructure, this is important, this is a social function. On the other hand, we are developing the construction industry, the growth of which amounted to 30%. We increase salaries for those who are engaged in construction through this budget mechanism,” the head of Government said.
The Prime Minister noted that major Pridnestrovian enterprises had also contributed to improving the investment situation. This year, many seriously engaged in the modernization of equipment, for example, the Moldavian State District Power Station and Tirotex.
“The solution of communal and infrastructural problems, investments, the development of labor collectives are all tools of the budget policy. This is the very development budget that affects the development of the state as a whole,” the head of the executive branch expressed confidence.
