The Foreign Investors Association (FIA) launches the fourth edition of the White Book on May 27, IPN reports, quoting a press release of the Association.

The FIA, which counts among its members the largest companies with foreign capital in the country, but also the most persistent investors in Moldova, whose cumulative investments exceed half of the total FDI in Moldova, is celebrating 10 years of activity. On this occasion, FIA is announcing the launch, after 6 years, of a new edition of the White Book with proposals for modifying certain legal provisions that create impediments to the activity of foreign companies in Moldova, but also discourage the arrival of new investors.

The fourth edition of the White Book includes recommendations from experts of the largest companies with foreign capital in Moldova for improving the investment climate in the country. Foreign investors have identified a set of concrete problems which stand in the way of improvement of the investment climate in Moldova and drafted specific solutions for each separate case.

This time the White Book summarizes the direct contributions of the companies in formulating proposals for improving Moldovan legislation in such areas as tax law, labor and competition legislation.

According to the press release, FIA is a nonprofit and nonpolitical organization whose main objective is to facilitate the dialogue between relevant decision makers and investors in order to create a favorable investment environment for FDI. FIA is also part of the regional network of Foreign Investors Councils. The Association has among its members the biggest companies with foreign capital from Moldova, companies that produce a large variety of goods and services, covering all the sectors of the country’s economy, such as agriculture, banking, telecommunications, industry, etc.