A British company will invest about 5 million euros to expand production at the Edinet Industrial Park. The project includes the construction of three production halls with a total area of more than 3,000 square meters. The facilities will manufacture wiring and connection systems used in 14 industries, including medicine, artificial intelligence, rail transport, and renewable energy.
The investment will bring British capital and technology, support vocational training, and create opportunities for Moldova to integrate better into regional value chains. The company will export all production to industrial clients in the European Union.
A Memorandum of Understanding signed by the Investment Agency, Innovate Moldova, and Edinet City Hall supported the expansion. The document allows changes to the industrial park infrastructure plan and enables the extension of existing halls.
“This project shows how international expertise can integrate into the local industrial ecosystem. After several years of successful activity in Moldova, Cornelius Electronics attracts more clients, which allows the company to expand its investment in the country,” said Investment Agency Director Natalia Bejan.
Innovate Moldova Programme Director Sergiu Rabii said that investments in the Edinet Industrial Park contribute to the transformation of the entire northern region. “Each new hall creates dozens of jobs, more prosperous communities, and a more competitive national economy based on engineering, innovation, and modern export-oriented manufacturing,” he said.
“Cornelius Electronics Ltd is a fast-growing company built on passion, dedication, and the desire to deliver real value to customers. Our mission remains high-quality services, continuous innovation, and full customer satisfaction,” said Diana Popovici, Managing Director of Cornelius Electronics.
The investment reflects the positive development of economic relations between the Republic of Moldova and the United Kingdom, based on the Strategic Partnership, Trade and Cooperation Agreement signed on December 24, 2020. Data from the National Bank of Moldova show that British direct investments increased from 78.8 million dollars in 2009 to more than 257 million dollars in 2024, focusing on high value-added sectors such as IT, electronics, agro-industry, and services. Currently, 235 companies with British capital operate in Moldova, with total investments in share capital of about 840 million lei.
According to the Investment Agency, the electronics sector plays an important role in supplying European markets and holds a significant share of Moldova’s exports. UN Comtrade data show that between 2019 and 2024, Moldovan exports of electrical equipment and components to the European Union reached 3.37 billion dollars, accounting for more than 90 percent of the sector’s total exports.