Premium
Romania supports through its expertise, but also financially, the Republic of Moldova's effort to integrate into the European Union, said Deputy Prime Minister and Minister of Economy Costin Borc in a meeting with Octavian Calmic, Moldova's Deputy Prime Minister, Minister of Economy, and Moldovan Deputy Minister of Economy Valeriu Triboi, informs the Romanian Economy Ministry.
The Romanian official encouraged the presence of Romanian companies in Moldova, as Romania ranks first by number of businesses (1,783) and sixth in terms of invested capital, which stands at some 154 million dollars, accounting for 7pct of total foreign investments in Moldova. The sector with the most significant Romanian presence in the neighboring country is banking - with 78 million dollars.
The main areas targeted by investments of Romanian companies in Moldova are finance and banking, oil products, construction materials, plumbing and heating, transport, information technology and communications, security systems, trade, consultancy, tourism, mineral water and carbonated juices.
During Tuesday's meeting, which was also attended by Romanian Energy Minister Victor Grigorescu, the sides agreed that the meeting of the Joint Economic Cooperation Commission shall be held in H2 2016 in Chisinau.
According to the Ministry of Economy, Trade and Relations with Business Environment, on December 31, 2015, the total trade volume between Romania and Moldova was worth 1.352 billion dollars, of which exports represented 820 million dollars and imports accounted for 532 million dollars, with a balance of 288 million dollars in Romania's favour. Compared to the same period of last year, bilateral trade decreased by 15.76pct.
On December 31, 2015, in Romania's trade with non-EU countries, Moldova ranked 4th in terms of exports (share of 5.15pct) and 8th in terms of imports (share of 3.33pct).
