Viorel Garaz
State Secretary of the ministry Viorel Garaz told Logos Press that in just four weeks since the real launch of this program, it was possible to collect investment projects worth 500 million lei.
“When we were planning, we did not expect such a great interest from the business community. We thought it would be good to have 10 beneficiaries this year. And we already have five in four weeks. This means that during this time we have attracted 25 million euros of investments into the economy – the value of the projects, taking into account the contribution of enterprises. The consideration of each application lasts 10 working days from the moment of submitting all the necessary documents. According to colleagues from Romania and the European Commission, this is a record time. For example, in Romania, investment applications are answered only twice a year,” says Viorel Garaz.
He specified that at the end of the year we will see statistics on how much money was attracted within the framework of this program and how many enterprises started to use the investments. And next year we will already feel the return – the income generated by the participants of the program thanks to investments. It is planned to create about 40-60 new jobs in each announced project.
“Regional State Aid Scheme for investments realized in the Republic of Moldova” is intended for the processing industry enterprises. Its budget (state share) amounts to 2 billion lei, of which 1.5 billion lei – partial exemption from income tax and 0.5 billion lei – grant.
