OREANDA-NEWS. March 15, 2010. It was said by the Deputy Prime Minister, Minister of Economy of Moldova Valerii Lazar at the meeting with the European Bank for Reconstruction and Development’s resident representative in Chisinau Libor Krkoska. Valeriu Lazar said the package of priorities for the meeting of the Consulting group of donors for Moldova had been made up taking into consideration the real situation in economy, it was informed at the Ministry of Economy’s press service. Special attention will be paid to the perspective short-tem projects.

New ambitious goals for the successful process of Moldova’s economic recovery will be also marked. Resumption of the real sector crediting without which no sustainable economic development is possible was said to be the major problem for the national economy. The Ministry of Economy’s head emphasized it is this stage that Moldova needs international structures’ and organizations’ support, including experience of countries which managed to take the sector out of the crisis.

Valeriu Lazar and Libor Krkoska said it was necessary to raise efficiency of the small- and medium-sized enterprises funding mechanism, emphasizing the state’s key role in this regard. To confirm that, they noted the successes achieved as a result of carrying out of the contest of small- and medium-sized businesses funded by the Partnership Fund of the Japanese grant, demonstrating availability of good business ideas needing credit support.

The EBRD’s Resident Representative in Chisinau assured that among at most 20 projects which can be financed annually by the bank, there are projects directly concerning credit lines. The parties marked the primary significance of direct foreign investments attraction into the economy. Valeriu Lazar emphasized that the Ministry of Economy was using all necessary instruments to improve the legislation regarding the business and investment climate, to initiate the process of privatization of some state enterprises; to raise efficiency of the partnership between the state and private sectors.

Libor Krkoska emphasized that the bank attached great importance of implementation of projects in such priority fields as transport, drinking water supply, energy sector and the energy efficiency and others. The EBRD has invested over 300 million euros by means of 33 projects in the field of infrastructure, as well as the corporate, bank and energy sectors since the beginning of its activity in Moldova. The EBRD’s credits attracted additional investments in the amount of 235 million euros to Moldova’s economy.