Key areas of discussion included energy, infrastructure, investment in the private sector and the use of artificial intelligence in public administration.
According to the Prime Minister, Moldova is interested not only in attracting investor interest, but also in converting this into long-term capital and concrete projects.
“The Republic of Moldova needs more investment and long-term capital. Our message is simple: Moldova is open for business. We want to turn investor interest into invested capital, growing companies and concrete projects implemented in the country,” said Vasile Tofan.
US capital and EU integration
One of the meetings was a discussion with George Siguler, Executive Chairman and co-founder of the investment firm Siguler Guff. The parties discussed the opportunities for investors arising from Moldova’s accession to the EU.
As noted in the government’s statement, Siguler Guff manages assets worth approximately $19 billion and has been investing in private markets for over 30 years, including in Eastern European countries and other emerging economies.
Another meeting took place with representatives of companies and organisations affiliated with the Atlantic Council. Participants included, in particular, representatives from Bank of America, DFC, Electrica, E-INFRA, GlobalVision, Marsh, S&P Global and Visa.
At the meeting, the Prime Minister presented Moldova’s investment opportunities and discussed measures to reduce barriers to business, cut red tape and create more predictable conditions for companies considering entering the Moldovan market.
Separate talks were held with John Jovanovich, Chairman of the Board of Directors of the US Export-Import Bank (EXIM). Discussions centred on attracting American companies, capital and technology to Moldova, particularly in the energy, infrastructure and other strategic sectors.
Efforts are being made to make energy projects attractive for financing
Potential energy projects were a separate topic of discussion during talks with representatives of the Washington Energy Council.
The parties discussed how to prepare Moldovan energy projects to attract funding – including through the selection of technologies and suppliers, the creation of suitable regulatory conditions and the identification of financing mechanisms. This approach involves moving individual initiatives from the concept stage to projects capable of attracting private and institutional capital.
The energy sector remains one of the key areas of Moldovan-American economic cooperation. In July, the government announced a US grant-funded project to construct the 400 kV Strășeni–Gutinash power line.
The government is exploring the use of AI in public administration
The technological aspect of the talks centred on artificial intelligence. During a meeting with Nick Tsitson, Vice-President of ServiceNow and Head of the company’s AI Institute, the use of AI to streamline public services and accelerate decision-making processes was discussed.
The discussion also touched upon increasing the transparency and auditability of decisions. The Prime Minister invited representatives from ServiceNow to Moldova to identify two or three specific pilot projects.
Thus, the talks in New York covered several areas at once – ranging from attracting private capital and American technology to preparing energy projects and the digitalisation of public administration.
The government hopes that further cooperation with US companies and financial institutions will enable the investment opportunities under discussion to be translated into concrete projects.
The meetings took place as part of Vasile Tofan’s participation in the 81st session of the UN General Assembly in New York.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
Follow our updates
Have information for the newsroom? Share it with Logos-Press
Comments
0No comments yet. You can start the conversation.
Comments are open to readers with a Logos Press account.
Sign in to comment