The conclusion on the draft law on investment was approved at today’s meeting of the Committee on Economy, Budget and Finance.
The legislative measures are aimed at stimulating investment in sectors with high potential for growth and innovation.
The draft establishes a stable and predictable legal framework, brought into line with EU legislation. It is designed to stimulate investment by creating a competitive investment climate and ensuring fair market access.
Priority will be given to strategic sectors
Investment will be channelled on a priority basis into strategic sectors – energy, technology, healthcare and infrastructure. For large-scale projects, a differentiated regime is being introduced with clear selection criteria and special incentives, co-ordinated through a single contact centre within the Investment Agency.
In particular, as Logos Press previously reported, land plots will be made available for investments of at least €25 million, whilst projects worth at least €50 million will be eligible for investment agreements with the Moldovan government.
At the same time, the law strengthens legal protection for investors by regulating the resolution of disputes between investors and the state and managing financial liability in the event of arbitration proceedings under the ISDS mechanism, in cooperation with the European Commission.
Attention is also paid to issues of transparency – the mandatory publication of investment notices and access to information in international languages, the digitalisation of interactions with public authorities, and the creation of a legal framework for investment agreements with the government, without any preferential provisions that could affect fair competition.
Among the law’s innovations is the abolition of the term ‘foreign investor’, as the new definition of investment covers both local and foreign investors. It also introduces concepts that were absent from the previous law, such as ‘strategic investment’ and ‘resident/non-resident’.
The draft law was drawn up by the Ministry of Economic Development and Digitalisation in the context of Moldova’s commitments under the European integration process and has been approved by the government.
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