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2 clusters · 8 sources · 2 days · First seen · Last updated

Moldovan industrial sector development

Overview

Moldovan Prime Minister Vasile Tofan conducted visits to industrial enterprises in the Fălești and Ungheni regions to assess production capabilities and challenges. The visits highlighted the capacity of Moldovan manufacturers to compete in European markets by prioritizing quality over low costs.

In the textile sector, the Italian-invested company Idea Moda produces clothing for brands such as MEYER and Moncler. In the automotive component sector, the factory KABLEM-MLD-IT produces wiring harnesses for major manufacturers including BMW, Audi, Fiat, Peugeot, and Chrysler.

Despite these successes, local businesses reported significant operational hurdles, including intense competition from Asia and Tunisia, shortages of skilled labor, and bureaucratic regulations regarding reporting and labor.

Entities

Vasile Tofan · Idea Moda · VAT Group AG · MEYER · Republic of Moldova

Timeline

  1. [BUSINESS] 3 sources
    Moldovan manufacturers supply major European automotive and fashion brands

    Moldovan companies are supplying major European brands like BMW, Audi, and MEYER, leveraging high quality to compete despite labor shortages and bureaucratic challenges.

  2. [BUSINESS] 6 sources
    Moldovan Prime Minister visits industrial plants in Fălești and Ungheni

    Moldovan Prime Minister Vasile Tofan visited manufacturing plants in Fălești and Ungheni, emphasizing the sector's ability to compete in Europe through high-quality production for major automotive and fashion's

Sources

dcnews.ro · gov.md · moldova1.md · news.yam.md · safenews.md · trumedia.ro · ziar.md · zonait.ro