The Association of Investors from Romania (AIR), with 45 members, accounts for 60% of Romanian investments in the Republic of Moldova.
Eugeniu Osmokescu, Minister of Economic Development and Digitalization, stressed the importance of investments for the economy. On his way back from Davos, he visited Bucharest, where he participated in an event to launch the AIR Representative Office and to celebrate eight years of the association’s activity in Moldova.
“Investments are a key pillar of Moldova’s economic development and competitiveness. We are open to continue cooperation to strengthen Moldovan-Romanian trade and investment ties and to develop a competitive business environment,” Osmokescu said.
In Romania, he met with the community of financial-technology companies Romanian Fintech Association. The meeting was held at the offices of Fagura, which is run by Tudor Darie, former advisor to Moldovan Prime Minister Vlad Filat and co-founder of Agora Agency.
“We had the pleasure of hosting Deputy Prime Minister Osmokescu and 15 leaders of the Romanian Fintech Association. We discussed practical cases on open banking, payments and crowdfunding that can really accelerate innovation and growth in Moldova’s economy. I look forward to moving forward on regulatory adjustments so that fintech from Romania can ‘cross the Prut’ and work together with banks and companies in Moldova,” Darié said.
Fagura, founded in May 2019 in Chisinau as the first crowdfunding company in the region, uses technology to expand access to investment and funding. The company has offices in Chisinau and Bucharest and has already brokered over €5 million worth of loans, generating over €850,000 in profits for investors. Today, the company’s business works both ways: projects first went from Moldova to Romania, and now financial solutions come from Romania to Moldova.
