The Cabinet endorsed a legislative proposal to extend the Free Enterprise Zone “Production Park “Valkanes” by over 92 hectares, IPN reports.

The 107 hectares that belong to the Free Enterprise Zone will be supplemented with a plot of 50.3 ha situated in Comrat municipality and a plot of 41.9 ha located in Ceadar-Lunga town. Thus, there will be created possibilities for the activity of two new subzones that are situated in industrial zones and that are connected to the necessary production infrastructure.

According to the authors, the proposal aims to accelerate the socioeconomic development of ATU Gagauzia and to stimulate the work of the production park. A number of foreign investors expressed their readiness to develop businesses in this free enterprise zone and to create new jobs, contributing thus to higher revenues into the local budgets.

The Free Enterprise Zone “Production Park “Valkanes” was created in Vulcanesti town in 1998.