Romanian businessmen say 2010 will be favorable for investment in Moldova

Following the political changes in Moldova, the Romanian businesspersons are ready to invest in the neighboring country as they consider the Moldovan market the easiest way for expanding to the East.

“Moldova's economy is poorly developed. The system is bureaucratized and the market is small,” said Adela Cristea, the manager of a business consultancy company. “However, Moldova provides many tax concessions, has cheap labor force and many non-privatized companies,” she stressed, adding that it took her two years to open a consultancy office in Moldova. The businesswoman said that they encountered a lot of difficulties after there were introduced visas for Romania.

“It was easier to get a visa for England than for Moldova. Now the Romanians hope that the new government will maintain its pro-European course and will provide many investment opportunities,” Adela Cristea said. Iasi businessman Viorel Roman considers that Moldova has very good raw material.

Though the furniture factory opened by Viorel Roman in Ungheni suspended work owing to the unstable legislation, the businessman is optimistic. He said that investments can be made in such areas as retail trade, residential quarters, agriculture, furniture export, clothes. The Romanian businesspersons hope the Moldovans will not repeat their mistakes and will not sell the factories at derisory prices.

Info-Prim Neo