Home » German-based Kaufland intends to invest 100 million euros in project in Moldova, creating 1,000 jobs
Eastern Europe Moldova Monitoring

German-based Kaufland intends to invest 100 million euros in project in Moldova, creating 1,000 jobs

The developments in the implementation of the investment project Kaufland in Moldova today were considered at a meeting of  Prime Minister Pavel Filip with the director  general of Kaufland Romania company, Marco Hößl,  and the project manager in Moldova, Dona Rapciuga. Kaufland is one of the biggest retail trade companies from Europe, with more than 1,250 shops in seven countries, the government’s communication and protocol department has reported.

The company intends to invest over 100 million euros in the first three years of work in Moldova. At the same time, at least 1,000 jobs will created in the next five years. In the context, in the long run, the company plans to invest 30-50 million euros annually. The Kaufland representative said that the construction of the first three shops had started in Chisinau; subsequently, the network will be extended outside the Moldovan capital as well.

Prime Minister Pavel Filip encouraged the Kaufland management to develop the project, stressing that the coming of such an important investor to the market opened the way also to other foreign investors, as well as enhanced the competitiveness of local operators. “The citizen eventually benefits from this. Our interest is that people have access to quality services and be served at the highest level,” the PM said.

Pavel Filip referred also to the importance to back business initiatives, emphasizing that the safety and comfort of investors was one of the principal concerns of the governmental team. The prime minister highlighted the already undertaken actions to improve the business environment, among which the cut in the number of control institutions, simplifying the procedures of reporting, reducing the number of permissive acts, applying the concept of single window, as well as the starting of the labour legislation’s reform.

The representatives of Kaufland welcomed the measures undertaken by the government to improve the business environment. At the same time, they appreciated the work of the Economic Council under the Prime Minister, which helps business people overcome the challenges in terms of procedures and legislation. In this respect, the PM reiterated the openness for dialogue, voicing confidence that the subjects left on the agenda of investors would be solved, including with the support and expertise of the Economic Council.

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