Investments in Pridnestrovie, practice and prospects.

Investment Forum for Pridnestrovie is an extraordinary event. An important task has been set - to show the guests, and they are representatives of different countries of the world, with which our land is rich, what we can produce and what we are proud of. Pridnestrovian products are exported to more than 50 countries. It is known by its high quality. The main goal is to demonstrate its openness and willingness to cooperate, to interest foreigners to invest finances in our economy. They hope in Pridnestrovie that the business contacts established today and just acquaintances may continue to have a fruitful and mutually beneficial continuation. A good foundation has been created to realize these hopes. First of all, it is legislative, providing for serious preferences for everyone who wants to invest in the Pridnestrovian economy.

The participants of the first thematic session of the forum are Pridnestrovian, Russian economists, well-known experts in the Pridnestrovian region of the consulting company Berlin Economics. It is important that the laws work in practice, says the Chairman of the Board of Directors of Transproject Group JSC, a member of the Business Council on Public-Private Partnership of the United Nations Economic Commission for Europe, a member of the working group on infrastructure of the BRICS Business Council Vitaly Maximov.

The European investor Yulian Gangan, who already works in Pridnestrovie is among participants of the discussion. He became the first investor after adoption of new investment legislation in the republic. The first investment agreement was signed in Pridnestrovie in July. Production was launched in April 2018. “Top Geo Serv” works on the basis of the Bendery car assembly plant, manufactures shaped profiles from ferrous metal, which are used in construction. Raw materials are purchased from the Moldavian Metallurgical Plant, and products are exported to EU countries. According to the investment project, the total number of employees should be 200 people in the next seven years. The company has already concluded contracts for the supply of products to Romania, and its products showed interest in Germany.

According to Julian Gangan, several factors contributed to the location of production in Pridnestrovie.

 “Top Geo Serv” is the first foreign company to come to Pridnestrovie. The republic hopes that others will follow. We talked about domestic investors during the panel session.

As noted by the Director of the Pridnestrovian Investment Agency, Andrei Betanov, the adopted law “On State Support of Investments” provides for preferences for both external and internal investors. Only one application was received from our investors. In total, 18 investment projects are under consideration by the authorities. They mainly concern the sphere of agriculture, food, chemical industry and pharmaceuticals.