Investment forum: Transnistria in search for investment
During June 4–5, Tiraspol hosted the first investment forum in Transnistria organised by the chamber of commerce and industry from the region. The forum considered 92 projects aimed to attract investments worth 700 million dollars. According to organisers, potential investors gave green light to 33 initiatives capable to attract investments worth 242 million dollars. The private sector has succeeded to attract 60 percent of eventual investments. The investment attractions included among others the Hydro-power Plant in Dubasari and the Power Plant in Dnestrovsk. Seventy out of more than 300 participants in the forum represented 12 countries.
The need of investments in Transnistria’s economy becomes clear on background of the economic-financial crisis which seriously hit the region. Transnistria’s GDP has decreased by 9.3 percent in the 1st quarter of 2009, while the industrial production has fallen by 30.4 percent. Overall, 178 enterprises have reduced the production volume, of them 21 did not resume the production process in general. The chemical industry has reduced the production volume by 71.7 percent, electro-technical industry by 65.4 percent, engineering industry by 65.1 percent, metallurgical industry by 61 percent, and light industry by 42.3 percent. On the other hand, the electricity production has grown by 21.7 percent and housing opening by about 70 percent.
The investment forum in Transnistria took place on background of a political crisis following the conflict between the legislative and executive branches in connection with constitutional amendments and redistribution of tasks. As well, two businessmen from the region were killed prior and on the days of the investment forum and the head of the "investment policy" department of the Transnistrian ministry of economy was the victim of an attempt.
Association for Participatory Democracy "ADEPT"
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