Moldova's deputy PM, Ambassador of Germany discuss priorities of bilateral cooperation

The priorities of cooperation between Moldova and Germany and the progress recorded by the country on the European agenda have been discussed by Deputy Prime Minister, Minister of Economic Development and Digitalization Eugen Osmochescu and German Ambassador to Moldova Hubert Knirsch.

Eugen Osmochescu emphasized that Germany stayed a strategic partner of Moldova, with an annual foreign trade volume of over 830 million dollars.

“Presently, more than 430 companies with German capital operate in our country, whose investments directly contribute to industrial development and jobs’ creation,” said the deputy prime minister.

The official highlighted the importance of expanding collaboration in key areas, such as digitalization, electronic governance, cybersecurity and artificial intelligence. In Moldova IT Park, there are already 26 German companies registered, supporting innovation and competitiveness in the tech sector.

“We continue to advance joint projects on industrial parks, quality infrastructure, support for small- and medium-sized enterprises (SMEs), exporters, and tech startups, in collaboration with GIZ, KfW, and other German institutions. Gratitude for the constant support provided for the economic modernization and European path of Moldova,” noted Eugen Osmochescu.

According to statistics data, Germany is the second-largest commercial partner of Moldova in the European Union. The volume of bilateral trade increased from 556.7 million dollars in 2017 to approximately 837.5 million dollars in 2024.

A wide range of Moldovan products reaches the German market, including fruit juices and nuts, fiberglass, apricots, cherries, sour cherries, peaches, walnuts, sunflower seeds.

On the other hand, Moldova imports from Germany a wide variety of goods, including cars, medicines, freight vehicles, tractors, semitrailers and auto parts.

Moreover, Germany ranks 8th among the main investors in Moldova in terms of the value of capital invested.