The acceleration of Moldova’s integration into the European Union Single Market and the implementation of the EU-supported Growth Plan were discussed in Davos by Prime Minister Alexandru Munteanu and EU Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis.

The officials highlighted the concrete benefits of European integration already felt by citizens and businesses in our country, such as integration into the Single Euro Payments Area (SEPA), Roaming Like at Home, preferential access for agricultural products, and the liberalisation of road freight transport.

Munteanu and Dombrovskis discussed the next steps that the Republic of Moldova must take in order to advance integration into the EU Single Market, as well as to connect our infrastructure and networks with those of the European Union.

In this regard, they assessed the progress of the Growth Plan, the priorities of economic reforms, planned investments, and how the EU can support the implementation of this Plan. The official underlined the good progress in implementing all conditionalities, the application of an efficient monitoring mechanism, and reaffirmed the Government’s commitment to speeding up the reform agenda and strengthening the financial stability of the Republic of Moldova.

Other topics discussed by the officials included energy security, stimulating the business environment, and improving the investment climate in the Republic of Moldova.

The relationship between the Republic of Moldova and Romania not only endures over time and is based on close friendship and shared values, but is also growing stronger with every joint project completed. Prime Minister Alexandru Munteanu made the statement at a meeting with representatives of the Romanian delegation at the World Economic Forum in Davos – Minister of Foreign Affairs Oana Țoiu and Minister of Investments and European Projects Dragoș Pîslaru.

Munteanu conveyed gratitude to the members of the Romanian Government for the solidarity and friendship between our countries and the constant support for the Republic of Moldova on its path towards European integration.

It was also highlighted that, last year, Romania was the main commercial and investment partner of the Republic of Moldova. Bilateral trade exceeded three billion euros, while Romanian investments in the Republic of Moldova reached about 35 million euros.

“We are building bridges that transcend geographical borders. From energy to road infrastructure, education, health and culture, we have ambitious plans and major joint projects that bring us closer to EU accession and improve the lives of all citizens,” he emphasized.

The development of economic and trade relations between the two countries, the geopolitical situation in the region and the impact of the Russian Federation’s invasion of Ukraine on Moldova have been the main topics discussed by Prime Minister Alexandru Munteanu and PM of the Grand Duchy of Luxembourg Luc Frieden. The meeting took place in the context of their participation in the 56th Annual Meeting of the World Economic Forum in Davos.

“We share a clear common vision: to build a European future based on peace, security and prosperity for our citizens,” said the Moldovan prime minister.

PM Alexandru Munteanu also highlighted the favorable economic climate for investments in Moldova, especially for businesspeople willing to open companies in the fields of IT, energy and infrastructure. In this regard, the Moldovan prime minister listed measures aimed at accelerating economic development, including market’s liberalization, reducing bureaucracy, infrastructure’s modernization, as well as the reform of local public administration.

For his part, the prime minister of Luxembourg emphasized that he supported the efforts of Moldova’s authorities to implement reforms that will improve the living conditions of the Moldovan citizens and would continue to provide support in the process of European integration, noting the progress achieved by the country.

The officials also discussed the development of cooperation, with the aim of adopting best practices in the following sectors: energy, banking and financial sectors, fight against corruption and assets’ recovery, emergency management and combating terrorism.

In Moldova, 23 enterprises with Luxembourgish capital are currently operating. The volume of invested capital exceeds 211 million lei. Luxembourg ranks 14th by volume of investments.