Financiarul

Petrom, a leading oil and gas company, told a recent conference in Bucharest on business opportunities in the Republic of Moldova attended by Moldova’s Prime Minister Vladimir Filat and Romanian business people, that it will invest 15 million euros in Moldova in the next five years.

The Chamber of Commerce and Industry of Romania reports in a press release that Filat extended an invitation to Romanian business people to come and invest in Moldova. Chairman of the Association of Romanian Business People (AOAR) Florin Pogonaru is quoted as having announced a private equity fund will be created to arrange investment projects in Moldova.

Chairman of the Association of Automobile Manufacturers of Romania Constantin Stroe told the same conference that automotive component producers are considering staring off very soon a series of project in Moldova.
‘The Republic of Moldova has returned to normalcy, both in terms of its relations with Romania and in terms of being governed. Moldova is a European country as far as its history, culture and values are concerned and it will win its well-deserved place through the prism of the values that will benefit the Moldovan citizens,’ Filat told the attendees, pointing to the start of negotiations over Moldova’s Association Treaty with the European Union.

At the end of the discussions, the Romanian business people concluded that Moldova can become a turning plate for Eastern Europe and the risk of doing business there is much overrated by Romania’s public opinion.
Attending the conference were leaders of professional organisations and employers’ associations, including AOAR, the Association of Romanian Agricultural Producers, the Association of Romanian Furniture Makers, and of large, highly active companies operating in Romania, including Petrom, Automobile Dacia, Lukoil Romania, CEC, Raiffeisen Bank, Generali Asigurari and Transelectrica.