POST Online Media Lite Edition



 

Moldova Future Technologies Activity funded by USAID and Sweden

Christian Fernsby |
President Maia Sandu has challenged Moldovans to 'Start Innovation' to carve a path to a new and better future.

Article continues below




Moldova faces serious challenges from migration and brain drain to corruption, economic disparity, and low wages; but its leaders see this moment of rapid global digitalization as a unique opportunity to harness innovation and technology to create a future ready economy and democracy.

"Moldova may not be blessed with natural gas, oil, or other resources. Instead, Moldova is endowed with talented and inventive people.

"Thanks to them, we have enormous potential for development which we must capitalize on.

"The tech revolution has changed the way we live, work, and learn. The Future cannot be predicted, but it can be created.

"Through education, research, and technological development, we can transform Moldova into an innovative country. Let's be the change in an ever changing world," said President Sandu, jumpstarting the launch of a nation wide innovation campaign.

The President underscored the key role of technology in innovation, "Digitalization can lower transaction costs, increase transparency, and reduce corruption. But it is innovation that can harness that technology to do so much more."

Moldova's burgeoning tech industry has the potential to drive innovation and growth across the entire economy.

With Moldova's IT exports growing 100 fold in the last 15 years to $258M in 2020, IT is the fastest growing sector in the country. It also pays four times the country average wage.

The Government's innovative virtual IT Park policy with a single 7% tax on technology, engineering, R&D, and createch businesses has paid off, attracting 900 resident firms from 35 countries and encouraging formalization of small tech firms and entrepreneurs.

Moldova plans to use its burgeoning IT sector and tech capabilities to digitally transform winemaking, agriculture, tourism, green manufacturing, and media.

Moldova's Harvard educated Prime Minister Natalia Gavriliţa, who previously served as the Director of the Global Innovation Fund, has set innovation as a key priority and appointed a dedicated Deputy Prime Minister for Digitalization for the first time to lead Government digital transformation.

Prime Minister Gavriliţa noted, "For the Republic of Moldova, technologies represent a valuable economic opportunity with a visible impact on quality of life." The Moldovan Government is teaming up with the country's largest universities to increase IT and engineering graduates and create tech driven specialties in new media, creative technologies, and digital fashion, educating students for the jobs of the future.

In its innovation journey, Moldova will be supported by top global innovators the United States and Sweden to develop a digital, creative, and sustainable economy and propel Moldova to the top of the Global Innovation Index.

In support of Moldova's vision, the USAID Administrator Samantha Power visited the Republic of Moldova and launched the Future Technologies Activity Moldova's widest reaching and largest technology development project at $32.8 million funded by USAID and Sweden.

"Moldova's young people are talented, creative, and energized. But if the industries of the future develop outside of Moldova's borders, then those young people will be tempted to take their talents abroad rather than develop their careers here at home.

"The Future Technologies Activity will help create pathways for Moldova's youth. It will allow Moldovan companies to access European and global markets. It will equip young Moldovans with the skills and knowledge they need to take advantage of a growing digital economy. And it will help make the words, 'Made in Moldova' a point of pride here at home and a mark of quality around the world," said Samantha Power, the USAID Administrator.


What to read next

U.S. announces $13.6m in aid for fleeing Venezuelans
New Moldova citizenship-by-investment program open for applications
Sweden's waste recycling too successful, import needed

Flooding concerns in Puerto Rico; thunderstorms across southeast U.S.

 
The main weather feature and focus for showers and thunderstorms through this weekend will be a cold front progressing across the East and stalling between the Southeast and southern Texas.
 
 

Latest

Concept Medical announces enrollment of first patient in "MAGICAL-ISR" ide study in U.S.
U.S. oil rig count up by 5 to 511
Rhode Island Governor, State Police promote safe travel across Washington Bridge
Governor Abbott met with Samsung executives to discuss billions invested in Texas

NEWS

California: Nearly 500 arrests, 160,000 stolen goods recovered in just 3 months

Romania: EPPO probes public officials in investigation into €160 000 fraud involving employment funds
EPPO: 3 convicted of evading €3.1 million in customs duties on imported e-bikes
Romania: EPPO conducted searches in investigation into €1.7 million fraud involving irrigation systems
U.S.: Pacific storm over west
4.8 magnitude earthquake rattles New Jersey and New York
 

BUSINESS

U.S. drillers cut oil and gas rigs to 620

Australia: East coast gas surplus expected in Q3 2024
Kuwait-Saudi rail link to be ready by 2028, says report
Cambodia approves investment projects worth $2.2 in Q1
Venice to charge day trip tourists 5 euros
Commission opens two in-depth investigations in solar photovoltaic sector
 

Trending Now

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

Governor Abbott met with Samsung executives to discuss billions invested in Texas

Egypt to establish free zone for yachts along Red Sea coast

Johnson & Johnson Q1 earnings $5.3bn


POLITICS

Egypt to establish free zone for yachts along Red Sea coast

UK Exports Minister visits Latin America to boost trade and unlock billions worth of exports
Argentina, Brazil in talks to reverse Bolivian gas pipeline amid shortage
Trudeau offers $6 billion to provinces to build housing
€1 billion Greek State aid measures to support renewable energy generation and storage projects
North Carolina reaches electric vehicle registration goals two years early
 

Today We Recommend

Egypt to establish free zone for yachts along Red Sea coast


Highlights 

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion

Johnson & Johnson Q1 earnings $5.3bn


COMPANIES

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

99 Cents Only Stores to close all 371 stores
Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding
Lindsay announces agreement to acquire minority interest in Pessl Instruments
Saint-Gobain to acquire Bailey for $650 million
Farmers Mutual Hail to acquire Global Ag from AXA XL
 

CAREERS

MainStreaming appoints Tassilo Raesig as COO

BioArctic AB proposes for election board members and chairperson
TerraPay names Marco Boldini as EVP and global head of governmental affairs
Farmers Insurance appoints John Griek as CFO
PA Media Group appoints Emily Shelley as new CEO
BioNTech appoints Annemarie Hanekamp as chief commercial officer
 

ECONOMY

Slovenia's economy expected to grow 0.9 pct in Q1

Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
UK house prices log unexpected fall
South Korea's FDI logs double digit growth in Q1
 

EARNINGS

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion
Johnson & Johnson Q1 earnings $5.3bn
Dollarama Q4 sales increased 11.3%
Conagra Brands Q3 sales decreased 1.7%
Liebherr finished 2023 business year with record revenue of €14,042 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

FAO Food Price Index rises in March

Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
Analytical survey: Sales of agricultural lands in Ukraine up 50% in February
Decline in Norwegian seafood exports in Q1
Tanzania's first fishing harbor to be completed in 2025
 

LEADERSHIP

Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

HSBC pays penalties for alleged breaches of Consumer Data Right rules

Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

Buna channels, an unreal and beautiful part of Bosnia and Herzegovina

JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
Treyam, your premier lagoon destination in Saudi Arabia
San Francisco: SkyStar wheel on Fisherman’s Wharf to stay for another 18 months
 

SEA, LAND, AIR

2025 Chevrolet Equinox stands apart with fresh looks and capability

Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
Pagani Huayra R Evo, 900 hp from 770 Nm
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

reMarkable 2, monochrome tablet for your thoughts and your eyes

OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

India launches first home-grown gene therapy for cancer

UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
Pilot study shows ketogenic diet improves severe mental illness
Texas reports possibly U.S. first human case of bird flu linked to cattle
 

MEANTIME

Rare species of wild bees discovered in Berlin

SLAC completes construction of largest digital camera ever built for astronomy
Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole
Scientists on hunt for evidence of quantum gravity's existence at South Pole