M. Sandu: we aim for more Lithuanian businesses to discover Moldova, the EU accession process will help
Moldovan President M. Sandu emphasized the potential for investment in Moldova from Lithuania during a press conference, highlighting the positive business environment and the country's EU accession process.
During a press conference at the Presidential Office, Moldovan President Maia Sandu articulated her ambition for increased investment from Lithuanian businesses in Moldova. She noted that current investment opportunities are significant, with the Moldovan business environment improving continuously. Sandu pointed out that the accelerating process of Moldova's accession to the European Union is creating new development opportunities that could benefit both countries economically.
Sandu highlighted that Lithuanian investors were among the first to recognize Moldova's potential for economic collaboration. She mentioned the involvement of INVL, a Lithuanian asset management group, in an international consortium aimed at investing in Moldova's largest bank, which she described as a practical demonstration of confidence in Moldova's capacity to implement necessary reforms. This partnership highlights the emerging interest and trust that foreign investors are placing in the Moldovan economy as its ties with the EU strengthen.
Furthermore, Moldova’s government aspires to achieve EU membership by 2030, a goal currently supported by Lithuania. However, Sandu acknowledged the challenges ahead, as Moldova must fulfill specific reforms to qualify for membership. The country is also facing significant pressure from Russia, which opposes Moldova's EU aspirations. As a means to boost connectivity and business relations, flights between the two nations are set to resume in May, further facilitating economic cooperation and mutual investment.