Moldindconbank, the majority investor of which is the Bulgarian company DOVERIE-INVEST EAD, participated in the Moldovan-Bulgarian economic forum held on March 27 in Chisinau within the framework of the meeting of the Moldovan-Bulgarian Intergovernmental Commission for Economic Cooperation.

Officials from the Republic of Moldova and Bulgaria attended the event, who noted the importance of the forum in promoting cooperation and sustainable development between companies and investors from both countries.

Victor Parlicov, co-chair of the Moldovan-Bulgarian Intergovernmental Commission for Economic Cooperation and Minister of Energy of the Republic of Moldova, said that Moldindconbank is the main Bulgarian investment in the banking sector of the Republic of Moldova.

Victor Parlicov, co-chair of the Moldovan-Bulgarian Intergovernmental Commission for Economic Cooperation, Minister of Energy of the Republic of Moldova:

“Our mission is to implement certain projects, first of all, to establish a partnership with the business environment, create jobs, offer attractive salaries, and create conditions for export to the European Union. In addition to this, it is necessary to contribute to the creation of platforms for private investment in the Republic of Moldova. Currently, Moldindconbank is the main Bulgarian investment in the banking sector of the Republic of Moldova. It is one of the leading banks in the country and we certainly want the participation of foreign capital, including European capital in the banking sector, to remove us from the international perception that the Republic of Moldova is at high risk in this respect”.

Irina Shtonova, co-chair of the Moldovan-Bulgarian Intergovernmental Commission for Economic Cooperation and Deputy Minister of Economy and Industry of Bulgaria, said that there are several areas of investment and trade between the two countries, such as agriculture, energy, food industry, pharmaceutical industry, mechanical engineering, electricity production, etc. As an example of successful Bulgarian investment, the Sofia official mentioned the one in the banking sector.

Irina Shtonova, co-chair of the Moldovan-Bulgarian Intergovernmental Commission for Economic Cooperation, Deputy Minister of Economy and Industry of Bulgaria:

“Certainly, business will find ways to develop, but the most important moment for us, the Government, is to make sure that the right conditions are created for business in both countries. I am convinced that most Bulgarian companies are able to establish good relations here, maintain pragmatic partnerships, contribute and influence the development of bilateral trade relations, which, in my opinion, have not yet reached the necessary climax. We currently have a wonderful example of investment in banking. Another example that can be highlighted concerns tourism. The list can be extended because there are so many areas for cooperation.”

Tzvetanka Kroumova, First Deputy Chairperson of the Managing Board of Moldindconbank, spoke to the participants of the forum about the investments of the Bulgarian company “Doverie-Invest” EAD in the bank, how they influenced the development of our country’s economy and contributed to increasing confidence in the banking sector.

Tzvetanka Kroumova, First Deputy Chair of the Managing Board of Moldindconbank:

“Moldindconbank is actually the largest Bulgarian investment. It is an important part of the Moldovan economy because it is the second largest bank, having a huge impact on the economy and social environment. At the same time, it is a mutual beneficial investment, both for the development of the banking sector in Moldova and for Doverie United Holding, our main shareholder, which is an important part of the stock exchange. Just in the first year after the investment, Doverie’s share price has risen 270% on the stock exchange. The investment was made in 2019, and the bank has rapidly transformed itself with a new, international governing team of valuable professionals. Our Board of Directors consists of 7 members from 6 different countries, such as Austria, Ukraine, but also local. We are proud to represent the largest Bulgarian investment in Moldova and hope to be an example for future investors.”

According to official data, Bulgaria ranks 11th among Moldova’s main trading partners. Last year, the value of Moldova’s foreign trade with Bulgaria amounted to USD 233 million. There are 176 enterprises with Bulgarian capital operating in the Republic of Moldova, with investments amounting to MDL 118.5 million.

Since 2019, the main shareholder of Moldindconbank is DOVERIE-INVEST EAD; the indirect holder is DOVERIE – UNITED HOLDING AD – one of the largest investment funds in Bulgaria.

Moldindconbank – mereu alături!