Moldova President Eyes Russian Cash Injection To Transform Economy

CHISINAU (UrduPoint News / Sputnik - 21st September, 2018) President Igor Dodon of Moldova, a small Eastern European nation, said Friday he wanted to transform his country's economy by attracting more investment from Russia.

"Moldova needs an economic breakthrough ... To achieve this we need very large investment ... Moldova is not in the top 10 of Russian investment targets. This should be changed," he said.

Dodon estimated that the nation needed around a billion worth of direct foreign investment in the coming two or three years. He said Moldova wanted to "strike an economic balance with east and west."

Dodon was speaking at a Russia-Moldova economic forum in Chisinau, attended by politicians and business leaders from both countries, as well as from the Eurasian Economic Union of ex-Soviet member states.