OREANDA-NEWS. August 29, 2007. According to EconMin German Gref, Russia will double the trade turnover and volume of direct investment in Moldova in the next 3 years, reported the press-centre of EconMin.

The minister said that this year the trade turnover between the two countries will exceed USD 1bn. Russian investments will go mainly to energy sector (gas supplies and transit, in particular), agriculture, chemical industry, metallurgy, machinery, telecom and IT sectors.

Moldova attracts Russian investors due to its favourable trade regime with EU. The country’s local market is not large but it presents interesting opportunities to produce goods for export.