Giurgiulesti Free Economic Zone Giurgiulesti Free Economic Zone

INVESTMENTS OF DANUBE LOGISTICS WILL CONSTITUTE $10 MILLION LEI IN 2010

Chisinau. Danube Logistics SRL, which owns the Giurgiulesti International Free Port, will invest $10 million in its development in 2010.

On Tuesday, Thomas Moser, the General Director of Easeur Holding BV, which is the main shareholder of Danube Logistics SRL, communicated at a news conference that this decision was taken at the general meeting of Danube Logistics’ shareholders. 

Moser explained that in 2010 the company plans to complete the construction of the general cargo port. Besides, additional investments in the oil terminal are also foreseen, including investments in the facilities for storage and transhipment of the vegetable oil. It is planned to build an oil refinery before 2012.

Thomas Moser remarked that the decision on making such serious investments was made on the basis of the growth tendencies registered in 2009.

Thus, last year 76.509 tons of cargo (half of which oil products and the other half different types of grain) were transshipped through the Giurgiulesti International Free Port. In 2009, 25 vessels moored in the Giurgiulesti Port for loading-unloading operations.

According to Thomas Moser, as of today in the port were invested about $50 million, the main of the sum was invested by Danube Logistics SRL.

Kamen Zahariev, representative of the European Bank for Reconstruction and Development (EBRD) confirmed that the positive growth of the company allows making optimistic forecasts.

He remarked that shareholders of the company had a meeting with the Prime Minister Vlad Filat. During this meeting both parties confirmed their readiness to continue observing mutual agreements concerning this project.

“We can see that Danube Logistics’ development is very dynamic and its activities are implemented in accordance with the European principles in this area. As shareholders, we will continue to supervise the process of company’s engagement to fulfill its obligations”, - stated Kamen Zahariev.

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