ECONOMIC COUNCIL TO THE PRIME MINISTER OF THE RM

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund
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Natalia Gavrilița: “We are mobilizing all the international support to get out of the crisis we are going through and help the population and the business community”

Natalia Gavrilița: “We are mobilizing all the international support to get out of the crisis we are going through and help the population and the business community”

The influence of the regional situation on the economic activity in the Republic of Moldova, as well as the solutions to overcome the most pressing problems faced by the business community were discussed at the meeting of the Economic Council to the Prime Minister of the Republic of Moldova, chaired by Head of The Executive Natalia Gavrilița.

During the meeting with representatives of the business sector, Prime Minister Natalia Gavrilița said that the Government always has entrepreneurs’ priorities in its sights. Solutions for business are currently being developed, including setting a cap on gas prices, compensation for certain sectors whose competitiveness is affected or where gas consumption forms a large part of the price.

At the same time, the reform of the Entrepreneurship Development Organisation (ODA), formerly ODIMM, is being carried out. Thus, the budget of this organisation has been considerably increased from 140 to 340 million lei, which implies the implementation of a larger number of new programmes, including grants for investments in business upgrading or energy efficiency. 40% of the ODA’s guarantee fund is directed to agricultural companies which are suffering greatly in this period, said Natalia Gavrilița.

For their part, representatives of business associations, members of the Economic Council, listed the challenges they are facing at the moment and which the Government must continue to promote, which would improve the business environment in the country. Among the topics mentioned by business were the continuation of the processes of digitization of the economy, promotion of renewable energy projects and de-bureaucratization of business and support of the population by strengthening the purchasing powe

“We are now working on a quite serious programme to reduce energy vulnerability, each household will be integrated into a certain category and compensation will be made depending on income and consumption,” the prime minister said. “We are mobilising all international support so that we can get out of the crises we are going through and help the population and the business community”, Natalia Gavrilița added.

At the end of the discussions, Prime Minister Natalia Gavrilița called on the business community to get involved in promoting those reforms that would support a favourable investment environment and lead to an improvement in the standard of living in Moldova.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund, and the International Finance Corporation’s Investment Climate Reform Project funded by the Government of Sweden’s International Development Agency.

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