Pharmaceutical industry up by 67% over last four years
In the past four years, the pharmaceutical industry has grown by 67%. Simultaneously, the chemical industry has rebounded after challenging periods, recording a growth of 25.7% in the first 11 months of last year compared to the same period in 2023.
The figures were presented by Deputy Prime Minister, Minister of Economic Development and Digitization Dumitru Alaiba who met with representatives from the chemical and pharmaceutical industries.
“There is still a lot of room for growth. Therefore, we need investments. To export more, we need to produce more. And to produce more, we must invest more. Investments are the solution. They mean growth: growth of businesses, jobs, salaries,” said Dumitru Alaiba.
The Deputy Prime Minister explained that a concrete tool supporting investments is the state aid mechanism, which was recently launched. It stipulates that the state reimburses up to 60% of the investment value for new projects worth at least 10 million lei in the manufacturing sectors.
“We want as many entrepreneurs as possible to learn about this opportunity. Thus, in the upcoming period, I will have direct meetings with companies in the eligible fields to explain exactly how they can benefit from this support,” stated Dumitru Alaiba.
The state aid mechanism for investments in the Moldovan industry was launched at the end of last year, being the first of its kind initiated in our country. Companies investing in the expansion and development of their business can benefit, with up to 60% of their investments reimbursed.
State aid will be provided according to the following formula: 25% will be offered immediately as non-repayable grants, and 75% of the reimbursed amount will be allocated as a 50% income tax exemption. The total budget of this mechanism is at least 2 billion lei, with the potential for extension in case of higher demand.
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