Moldova needs to cut red tape to attract more investment, says Economy Minister
Economy Minister Dumitru Alaiba said that Moldova still needs to take a number of steps to become more attractive for investment.
Speaking at the Diaspora Business Forum, Alaiba said that the country's bureaucracy is a major obstacle for investors.
"This mountain of bureaucracy, especially if you have developed a business in a more civilised country, you are not used to so much nonsense per square metre," he said.
Alaiba said that the government is working to streamline the investment process and reduce the amount of paperwork required.
He also said that the government is committed to fighting corruption, which is another major obstacle to investment.
The investment figure for 2022 is €60 billion, 83% of which come from EU countries, said Ion Iordachi, deputy director of the Investment Agency.
The Diaspora Business Forum was organised within the Diaspora Days with the support of the project "Policy Advice Fund", financed by the German Federal Ministry for Economic Cooperation and Development and implemented by the German International Cooperation Agency in Moldova.
