RDA North and International Economic Relations Commission for Development signed a memorandum of cooperation in the framework of the 'Business Gate'

Northern Regional Development Agency (RDA North) signed a memorandum of cooperation for a period of three years with the Commission for the Development of International Economic Relations (CDREI) to encourage and create favorable conditions for investment. In this sense, RDA North Director, Ion Bodrug, and advisor IERCD President, Mihail Plamadeala, have established partnership relations between the two parties. The memorandum was signed Thursday, August 4th this year, Chisinau.

"The memorandum of cooperation signed by RDA North and the Commission for the Development of International Economic Relations, will focus on priority 2 of the Regional Development Strategy, which provides support for private sector development and labor market, especially in rural areas", said the RDA North, Ion Bodrug.

RDA North and IERCD declares its readiness for cooperation and carrying out joint development of commercial-economic relations and technical-scientific, based on equality for joint projects, exchange of information on the appropriate administrative tasks and responsibilities and to strengthen and promote partnerships between Moldovan entrepreneurs and those in Italy.

The magnitude of the 'Business Gate' draws attention to the Italian official institutions. Italian Embassy in Moldova official supports IERCD in implementing the program. In this context, according to President IERCD adviser, Mihail Plamadeala, Regional Development Agencies in Moldova is an attractive potential partner for Italian companies. Collaboration with Italian companies and regional ministerial bodies, enterprises and governmental and business structures in Moldova and abroad through RDA North with IERCD intake, would overcome geographical and linguistic barriers, overcome lack of confidence in collaborating with potential new partners foreign investors.

IERCD was created at the initiative of Italian entrepreneurs and is a representative body to coordinate the implementation of the 'Business Gate'. This program is a result of intellectual efforts, organizational and financial private companies and entrepreneurs joint Italian aimed at stimulating economic and financial cooperation of small and medium effective in the Eurasian space.