UK investment boosts electronics production in Moldova
A British company will invest approximately 5 million euros to expand production in the Edineț Industrial Park.
The project includes the construction of three production halls with a total area of over 3,000 m², intended for the manufacturing of wiring and connection systems used in 14 industries, including medicine, artificial intelligence, rail transport, and renewable energy, CE Report quotes MOLDPRES.
The investment aims to bring British capital and technology, support vocational training, and create opportunities for better integration of Moldova into regional value chains. All production is intended for export and is oriented toward industrial clients in the European Union.
The expansion of the company’s activity was supported and made possible thanks to a Memorandum of Understanding signed between the Investment Agency, Innovate Moldova and Edineț City Hall, which provides for changes to the infrastructure plan of the industrial park and allows the expansion of existing halls.
“This is an example of how international expertise can be integrated into the local industrial ecosystem. We are pleased that, after several years of validated business in Moldova, Cornelius Electronics manages to attract even more clients for its production, which makes it possible for them to expand their investment in the country,” said Director of the Investment Agency Natalia Bejan.
Sergiu Rabii, Director of the Innovate Moldova Programme, noted that investments in Edineț Industrial Park are contributing to the transformation of the entire northern region.
“Each new hall brings dozens of jobs, more prosperous communities, and a more competitive national economy based on engineering, innovation, and modern, export-oriented manufacturing,” said Sergiu Rabii.
“Cornelius Electronics Ltd is a rapidly expanding business, built on passion, dedication, and the desire to bring real value to customers. Our mission remains clear: high-quality services, continuous innovation, and complete customer satisfaction,” stated Diana Popovici, Managing Director of Cornelius Electronics.
The investment is part of the positive dynamic of bilateral economic relations between the Republic of Moldova and the United Kingdom, which are based on the Strategic Partnership, Trade and Cooperation Agreement signed on 24 December 2020. According to data from the National Bank of Moldova, British direct investments increased from 78.8 million dollars in 2009 to over 257 million dollars in 2024, being concentrated in high value-added sectors such as IT, electronics, agro-industry, and services. At present, 235 companies with British capital operate in the Republic of Moldova, with a total volume of investments in share capital of approximately 840 million lei.
According to the Investment Agency, the electronics sector in the Republic of Moldova is an important supplier for European markets, maintaining a significant share in the country’s exports. According to UN Comtrade, in the period 2019–2024, Moldovan exports of electrical equipment and components to the European Union totaled 3.37 billion dollars, representing over 90% of the sector’s total exports.
