wiredinUSA March 2015

INDEX

Cable jobs boom in Moldova

EUROPE NEWS

the European Union markets, and that the country’s government is aiming to attract major foreign investors to set up new production facilities in Moldova. “Every investment…made in the national economy is a catalyst for the creation of new jobs,” Mr Leancă added. Over recent years, the Japanese firm has been expanding its presence in Eastern Europe, with local subsidiaries established in Poland (2003) Bulgaria (2006) and Romania in 2010.

Japanese cable manufacturer Sumitomo Electric Bordnetze has unveiled plans to set upa newproduction facility inChisinau, the capital of Moldova. The development will create between 1,000 and 2,500 new jobs at the plant, which will make a wide range of cables. Under the plan, the facility will supply its output to the Volkswagen Group, including the Czech Republic’s Škoda. Moldovan prime minister Iurie Leancă said that, at present, over 50 percent of the goods manufactured by Moldovan-based firms are intended for export sales to

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