Moldova Aims to Attracts $1 Billion in Chinese Investments

The Moldovan ambassador to Beijing, Dumitru Braghis, told Infotag news agency on Wednesday that Chinese interest in investing in Moldova is growing, partly because of the country's favourable geographical location.

Braghis said that China Energy wanted to sign a cooperation deal with the Moldovan Economy and Infrastructure Ministry, while China Sinopharm International Corporation has expressed interest in cooperating with a Moldovan company to implement a project on the of radiotherapy and chemotherapy development project.

The Chinese interest was attracted after the Moldovan embassy in Beijing proposed 20 investment projects in Moldova with a value of about $1 billion. The projects are in the fields of medicine, pharmacy, industry, IT, e-commerce, baked goods manufacturing, transport, viticulture, agriculture and car repair services.

"As part of economic diplomacy, the embassy is ready to create a 'business platform', through which promising ideas and projects will be presented, which will arouse the business community's interest in the two countries," said Braghis.

Other companies interested in Moldovan investment opportunities include Great Wall Motors, China Overseas Economic Cooperation Corporation, Huawei, and the China-Europe Association for Technical and Economic Cooperation, the diplomat added. 

"Moldova has a favourable geographical position at the intersection of trade routes, access to maritime transport through the port of Giurgiulesti, and the proximity of large markets in the European Union, the Russian Federation and CIS [Commonwealth of Independent States] countries," explained Bragis. 

He stressed that the Moldovan market could serve as a launching point between these large markets and China. Moldova has...