The Moldovan Export Promotion Organization (MIEPO) was officially transformed into the Moldovan Investment and Export Promotion Organization (MIEPO). The Government approved a relevant decision that defines the status of the restructured organization, IPN reports.

Under the status, MIEPO is no longer an institution coordinated by the Ministry of Economy. It is a public self-managed institution. The Ministry of Economy is only its founder.

In a program on Radio Moldova, MIEPO executive director Dona Scola said the organization will offer the economic entities support in taking the new opportunities for diversifying the markets, increasing exports and developing investment projects.

MIEPO will also contribute to an enhanced image of Moldova abroad and to increasing the attractiveness of the country as a destination for investments. The MIEPO Coordination Council will consist of representatives of the private and public sectors, based on parity.

Companies submitted to MIEPO 73 projects whose budgets are three times larger than the organization’s fund. But MIEPO hopes to obtain financing from foreign partners.