Major Food Factory Investment Launched in Bălți

Major Food Factory Investment Launched in Bălți

Business

A new state aid agreement was signed today in Bălți, paving the way for one of northern Moldova’s largest private investments in recent years. The company ELECTROTEHNICA will convert an abandoned industrial hall into a modern food production factory, CE Report quotes MOLDPRES

The project, valued at over 290 million lei, is backed by 173.8 million lei in government support through grants and tax incentives. It will create at least 319 jobs and focus on local ingredients and advanced technology.

Officials say the investment highlights Moldova’s growing appeal to serious investors and reinforces Bălți’s role as a regional economic hub.

Tags

Related articles

Bitcoin Hits Record High Above $118K
Bitcoin continued its sharp rally on Friday, reaching an all-time high of $118,239 around 06:10 GMT.
Danish Budget Rule Could Save BGN 625M
If Denmark’s automatic budget prioritisation rule were applied in Bulgaria, it could save the country’s treasury nearly BGN 625 million in 2025, according to an analysis by the Bulgarian Fiscal Council.
Greece Cancels 1,400 Inactive Investment Plans
Greece will cancel around 1,400 stalled investment plans approved under the 2004 and 2011 development laws, according to an amendment introduced by Development Minister Takis Theodorikakos on Thursday.
SKY express Expands Fleet with New A320neo
SKY express has added a new Airbus A320neo to its fleet, marking its 11th of this model and 28th aircraft overall.
EIB: Credit Demand Up, Supply Tight in Bulgaria
Credit demand in Bulgaria has increased over the past six months but supply conditions have sharply deteriorated, according to the European Investment Bank’s latest CESEE Bank Lending Survey.
Greece Wins EU Budget Flexibility
Greek Economy and Finance Minister Kyriakos Pierrakakis hailed the EU’s approval of the national escape clause as a "strategic victory" for Greece and a sign of Europe’s institutional maturity.
Hellenic Lawyers Summit Opens in Athens
President of the Hellenic Republic Constantine Tassoulas opened the 1st Global Summit of Hellenic Lawyers 2025, held under the theme “Defending Democracy, the Rule of Law, and Justice – Global Challenges and the Role of Artificial Intelligence.”
Bulgaria Ranks 2nd in EU Retail Growth
Bulgaria recorded the second-fastest retail sales growth in the EU in May 2025, according to Eurostat data released Monday.
Athens Stocks Set 8-Month Record
The Athens Stock Exchange has posted an unprecedented 8-month streak of gains from November 2024 to June 2025, marking a historic performance in its history.