1.What makes your country attractive to investors?
With a favourable geographic situation in central southern Europe, Moldova is an intermediary between Commonwealth of Independent States (CIS) countries and the EU in goods and services transit operations. Other factors include well-qualified and low-cost human resources; a moderate climate and fertile land that are excellent for agribusiness and food industry development, as well as deep-rooted traditions in high-quality wine production; a transparent legal system that assures the protection and guaranty of investment projects; and fiscal and customs facilities that benefit foreign investors.
2. What are the economic prospects for your country over the next three to five years?
The economic prospects for Moldova over the next three to five years are:
- GDP growth of 5%-6% yearly, at least; an industrial production growth rate of 10% yearly and growth in agricultural production of 3% yearly, inflation reduction of up to 8% and export promotion to the EU countries;
- Energy sector modernisation and development, and an increase in the country’s power security level;
- Construction of an oil terminal in the south that will influence international trade growth, especially on the shipping routes;
- Reforms in the agrarian sector and other industries.
3. How do you foresee the financial sector in your country changing?
We foresee the following changes:
- The diminution of the interest rates for financial instruments;
- An intensification of the requirements regarding bank transparency and risk insurance.
4. What role will your bank play in your country’s future development?
Our role in the country’s future entails implementing and promoting new products and financial instruments (bill of exchange, banking cards, letters of credit, guaranties and others); attracting resources from foreign and domestic markets to be reinvested in the real sector of the economy; and development of the retail banking and SME sectors.
