www.infotag.md: MOLDOVAN COMPANIES ARE WEAKLY INTEGRATED IN SUPPLY OF ENTERPRISES WITH FOREIGN CAPITAL – RESEARCH RESULTS
Moldovan companies are not always properly integrated into the supply chains of companies with foreign capital. This is stated in a study commissioned by the Moldovan Foreign Investors Association (FIA).
As part of the study, a survey was conducted among 101 enterprises with direct foreign investments in Moldova. The survey showed that local companies are not always integrated into the technological supply chains of enterprises with foreign capital.
“About two-thirds of the surveyed enterprises with foreign direct investment purchase raw materials from the local market, and 43% of companies indicated that the local market is the main source of procurement of services. The majority of companies (74%) noted that the most effective way to develop their business relations with local suppliers would be financial incentives from the state, especially for investing in the modernization of production infrastructure, as well as quality management of goods and services,” the quoted document reads.
Enterprise managers believe that state policy in this regard should be aimed at providing local companies with tax incentives for the introduction of innovations and technologies, simplifying taxation and customs procedures, facilitating access to finance, and developing education and vocational training. (Read more about this on the website of the INFOTAG agency – www.infotag.md – under the heading “Economics”).