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Vosganian proposes Romanian-Moldovan business forum setup, to thrust investment relations
Economy Minister Varujan Vosganian proposed his counterpart of the Republic of Moldova the setup of a Romanian-Moldovan business forum, for thrusting the investment relations between the two countries.
At the same time, the Romanian Minister proposed the organisation of a meeting in Iasi, before the joint committee session of October, between the Romanian and Moldovan local officials for a sustained regional collaboration.
Varujan Vosganian on Thursday at the Economy Ministry headquarters had a meeting with Deputy Prime Minister and Economy Minister of the Republic of Moldova Valeriu Lazar, with Economy Deputy Minister (in charge of the energy sector) Tudor Copaci and the Republic of Moldova Ambassador in Bucharest Iurie Leanca also attending.
The discussions focused on establishing the agenda of the joint committee session of Chisinau, of October 3-4.
Varujan Vosganian congratulated Valeriu Lazar for his reconfirmation as Economy Minister and hailed the efforts of the leadership of Chisinau for concluding, in a record time, the negotiations of the Free Trade Agreement between the European Union and the Republic of Moldova.
On the discussion agenda of the two Economy Ministers there were also matters in regards with the strengthening of economic relations, the support of some partnership projects, the common European agenda, sharing Romania's experience in the area of industrial policies, mainly concerning the legislation harmonising, the collaboration between the Chambers of Commerce, as well as the collaboration in the priority areas: energy, agriculture, industrial parks, standardisation and SMEs.
Romania is the first European partner of the Republic of Moldova and the second in terms of foreign trade, after the Russian Federation. The bilateral trade exchanges exceeded 1.2 billion dollars in 2012. The growth trend of the bilateral trade maintains in 2013, being 7.2 percent (379.2 million dollars) higher in the first four months, compared with the similar period of 2012, an increase supported by the Romanian export 16.3 percent (252.6 million dollars) advance.
Last year, the Romanian direct investments in the Republic of Moldova amounted to 26.7 million dollars (a value 2.1 times higher than the one registered in 2011, the stock reaching 145 million dollars).
Romania takes the first place, in terms of number of companies with entire or partial Romanian capital registered (1,370, out of which 102 established in 2012), and the seventh place, in terms of the value of the Romanian subscribed capital, accounting for approximately 145 million dollars.
A number of 33 companies with entire Romanian capital and 12 companies with joint capital were registered in the first four months of 2013.