FREE ECONOMIC ZONE ”BALTI” Marin CIOBANU Chief Administrator, Free Economic Zone ”Balti” FREE ECONOMIC ZONES OF THE REPUBLIC MOLDOVA 1. “Otaci-Business“ 1 2. “Balti” 3. “Ungheni-Business” 2 4. “Expo Business Chisinau“ 3 4 5. “Tvardita“ 6. “Taraclia“ 7. “Vulcanesti“ 5 6 7 THE ADVANTAGES WITHIN THE FREE ECONOMIC ZONES State protection of the investments; Exemption from VAT, taxes and custom fees for the goods and services delivered to FEZ; The impossibility of expropriation, sequestration or nationalization of assets; Free traffic of goods within FEZ; The possibility of earned income transferring outside of Moldova borders; Preferential custom treatment (Customs located within the FEZ territory, 24/24, issuing certificate of origin Euro-1 or CT - 1) 10 Years Warranty 50% cuts of income tax from the export of goods (services) originating from FEZ outside of the Republic of Moldova; 25% cuts of income tax from other activities within the FEZ. A total exemption of income tax from the export of goods (services) for 3 years term, when the investment is at least $ 1 million and; for 5 years term, for minimum $ 5 million amount invested in FEZ. I. FREE ECONOMIC ZONE ”BALTI” • Established in 2010 for a period of 25 years; • Has in administration 4 subareas (3 in Balti municipality and 1 in Straseni) with 32 registered tenants and a total number of about 3100 employees; • Cooperates actively with branch ministries, CPA, LPA and deconcentrated institutions. II. FEZ “BALTI” TENANTS ”DRAEXLMAIER AUTOMOTIVE” Ltd. Established in 1958 Headquarter: Vilsbiburg (Germany) 57 plants on 4 continents 45. 000 Employees JIT Production & Logistics JIS www.draexlmaier.de Fritz Draexlmaier Germany Great Britain Austria Poland Slowakia Hungary Romania Serbia USA Mexico China Moldova II. FEZ “BALTI” TENANTS ”DRAEXLMAIER AUTOMOTIVE” Ltd. www.draexlmaier.de The main activity of the company within the FEZ “Balti” is production of electrical cables for automotive industry. BMW 1st and 3rd series, MINI, i1 and i3 Direct deliveries to the BMW plants from: • Leipzig and Regensburg (Germany) • Oxford (Great Britain) Investments – $ 30 million Number of employees – 2848 II. FEZ “BALTI” TENANTS ”GG Cables & Wires EE” Ltd. The main activity of the company within FEZ “BALTI” is the production of insulated electric cables for automotive industry www.griller.at Investments – $ 28 million Employees – 110 The product portfolio ranges also includes cables for: • TGV trains • Electric & electronic equipment • Elevators II. FEZ “BALTI” TENANTS ”MOREBOOKS! MARKETING” The main activity of the company is to provide operational services for online market books of Russia / CIS www.morebooks.de www.ljubljuknigi.ru Employees – 18 II. FEZ “BALTI” TENANTS Subzone nr. 4 Within the subzone nr.4 of FEZ “Balti” 4 different size production spaces as well as an administrative block are available for lease. FEZ ”BALTI” S = 12 ha PERSPECTIVE Industrial Park CAAN S = 12 ha Production spaces – 58.800 sq. m. Administrative spaces – 12.400 sq. m. Available infrastructure: Electricity – 10 thousand kV Medium pressure gas pipeline Centralized sewerage and water supply Railway line – 3 units II. FEZ “BALTI” TENANTS Subzone nr. 4 Ceccato Production Ltd. will develop within the FEZ “Balti” the production of automatic car washes equipment. Ceccato Planned investments: $ 3 million Employees: 12 Average monthly salary: 6. 500 MDL II. FEZ “BALTI” TENANTS Subzone nr. 4 EASTSORD Production Ltd. will develop the production of equipment for medical tools sterilization. Sordina Planned investments: $ 2,5 million Employees: 21 Average monthly salary: 11.000 MDL II. FEZ “BALTI” TENANTS Subzone nr. 4 LMF Climatization Ltd. will develop within the FEZ “Balti” the production of air treatment units. LMF A company from Bavaria Planned investments : $ 1,5 million Employees: 15 Average monthly salary: 7. 000 MDL II. FEZ “BALTI” TENANTS Subzone nr. 4 La Triveneta CAVI Development Ltd. will develop the production of medium and low pressure insulated electrical cables. La Triveneta CAVI Planned investments : $ 30 million Employees: 100 Average monthly salary: 7. 000 MDL II. FEZ “BALTI” TENANTS Subzone nr. 4 Italprod Ltd. will develop within the FEZ Balti the production of stainless steel tank. Italprod Planned investment: $ 2 million Employees: 50 Monthly average salary: 7.000 MDL II. FEZ “BALTI” TENANTS Subzone nr. 4 FerPONT Ltd. will develop within the FEZ “Balti” the production of steel shapes for the civil and industrial constructions FerPONT Planned investment: $ 1,5 million Employees: 10 Monthly average salary: 7.500 MDL II. FEZ “BALTI” TENANTS Subzone nr. 4 Energy Solaris Ltd. will develop an innovative project of solar batteries for heating and cooling production Solaris Planned investment: $ 150.000 Employees: 10 Monthly average salary: 8.500 MDL III. ACHIEVED RESULTS Number of tenants = 33 Investment = $ 44 million Number of jobs created = 3168 Average salary within the FEZ = 6470 MDL /month Part of the costs of FEZ “Balti” tenants for 2013 Wages and Salaries = 157 million MDL / per year Contributions paid to the budget = 71 million MDL / per year including 5 million MDL for the customs procedures Expenditure on transport for workers = 14 million MDL / per year Expenditure for workers meal = 18 million MDL / per year Utilities = 10 million MDL / per year TOTAL: 270 million MDL / per year * Balti municipality budget for 2013 was a total of 276 million MDL IV. PERSPECTIVES Industrial Parks within the FEZ ”BALTI” Development of Industrial Parks within the Subzone nr.3 IV. PERSPECTIVES Gebauer&Griller company extension within the 3rd subarea The main activity of the company within FEZ “BALTI” is the production of insulated electric cables for automotive industry Investments: $ 30 million Employees: 600 IV. PERSPECTIVES A company from Bavaria (Germany) The main activity of the company within the FEZ “Balti” will be the production of electrical cables for automotive industry. Investments - $ 50 million Company from BAVARIA 4000 employees IV. PERSPECTIVES Crafts Academy of Moldova Academia de Meserii a Moldovei FEZ “Balti Administration Ministry of Education Ministry of Economy Straseni town mayoralty A AMM Technical University of Ilmenau Crafts Academy from Eisenach FEZ “Balti” tenants C B Local private companies Regional private companies IV. PERSPECTIVES Crafts Academy of Moldova Academia de Meserii a Moldovei Goal: Connecting education system to the market needs, in order to increase labor productivity and the employment in the economy of Moldova. Objective: Active contribution to specialized and targeted training of skilled workers, foremen, functional and operational managers based on an effective partnership between the vocational education system and private business. IV. PERSPECTIVES Future look of the AMM premises Thank you! WWW.ZELB.MD
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