More than 3,000 jobs will be created at the Balti Free Economic Zone. Two foreign companies, an Austrian and a German one, intend to extend their businesses in Moldova. While on a visit to the Balti Free Economic Zone, Prime Minister Pavel Filip said the Government will support the investment activities of the two companies, IPN reports.

The visit started at the Austrian company Gebauer and Griller, which makes cables and wires for the automotive industry and telecommunications. The company’s administration announced the intention to increase the investments in Moldova. The Austrian investor will build a new cable factory on an area of about 10,000 square meters and will create over 500 new jobs. Representatives of the Austrian company said they need three key elements to develop their business – skilled workers, safe working conditions and support from the authorities.

The Premier also visited the building site of the new factory of Draexlmaier Automotive and its functional production facilities. The company now employs 2,600 people and intends to launch a new investment project in Subzone No. 2 of the Balti Free Economic Zone at the start of 2017. Owing to investments of over €20 million, about 2,500 new jobs will be created there.

The investments of the two companies will total €35 million.