24 February, 2016, Chisinau – The Ministry of Economy will receive assistance in reforming the investment climate through a consulting project, launched today by the International Finance Corporation (IFC). The project is worth US $ 3.2 million, financed by the Swedish Government, for a period of 36 months.
During this event, the World Bank experts presented the results of the study "Cost of State Regulation of Entrepreneurial Activity" (Cost of Doing Business) and The Investment Climate in Moldova.
According to the Deputy Prime Minister, Minister of Economy, Octavian Calmac, the aim of the project is to improve the business climate, enhancing the competitiveness of the private sector, reducing the regulatory burden on business, both centrally and locally and stimulate investments and exports.
‘"Improving the investment climate and attracting new investments in the national economy is a priority for the Government of Moldova. This goal is reflected in several strategic documents: the Government Program, the Strategy of increasing the Competitiveness of the National Economy and the draft Strategy for attracting Investments and promoting Exports, developed by the Ministry of Economy and presented to the Government for approval during the implementation of the EU Association Agreement. Trust granted by our development partners is an undeniable support in achieving objectives set out in this area. Furthermore, “While working on the investment climate improvement, we also take into account the regional and international competition when it comes to attracting investment projects of scale and real economic impact for the country; this fact will be reflected in the new policy instruments promoted by the Ministry of Economy", the Minister Mr. Calmac highlighted.