Moldova's investment activities rose 25.1% in first quarter, amounting 3.3 billion lei

Investment activities in Moldova in the first three months increased 25.1% compared with the same period last year, reaching 3.3 billion lei. 

The main factors leading to this increase were state and private investment increase, favorable credit situation, international organization investments rise. 

"These results demonstrate that the reforms implemented by the Government have created all the premises for the development of a favorable and competitive business environment for investors", says Minister Chiril Gaburici.

According to the Economic Policy and Business Environment Directorate of the Ministry of Economy and Infrastructure, private investment proved to be the main driver of total investment growth in the first quarter of 2019.

They amounted to 2.3 billion lei (70% of the total investments) and increased in January-March 2019 by 15%, providing 46% of the total increase.

Economic agents have focused investments in machinery and equipment, transport, residential buildings and land. Public investment also increased on average by 2.1 times, providing 31% of total investment growth. They reached the value of MDL 387.9 million.

Public investments were focused on engineering, machinery and equipment and means of transport.

Data analysis by asset types shows that investments in machinery, plant and machinery contributed most significantly to the growth of investments recorded in the first three months of 2019 (35% of growth). They amounted to MDL 1.2 billion (36% of total investments) and increased by 23.7%.

Investment in means of transport has also increased. They amounted to MDL 480.1 million and rose by 45.6%, providing 23% of the total increase.

Also, investments in the construction sector (construction engineering, residential buildings and non-residential buildings) increased by 17.8%, amounting to 1.3 billion lei.

 

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