More than 120 million lei was budgeted for local economic development in the National Regional Development Fund for the next four years, Minister of Regional Development and Construction Vasile Batca said in an workshop staged by the European Commission in partnership with the Organization for the Development of Small and Medium-Sized Enterprises, IPN reports.

The minister stated that innovation projects will be implemented for developing regions and enhancing their competitiveness. There will be set up an innovation and technology transfer center in Balti municipality, a wholesale regional market and premises intended for nonagricultural activities in Ruscani district.

Among the regional development projects that supported the economic development of local communities, Vasile Batca enumerated the packing house for modern marketing services for export in Costesti village of Ialoveni district, the business incubator in Larga village of Briceni district, the industrial parks in Edinet and Balti towns and subzones II and III of the Balti Free Economic Zone. These were connected to infrastructure and public utilities with money from the National Regional Development Fund.