Mykola KUTSAK, President of the Chernivtsi District Council: „The A7 will make the Chernivtsi region more attractive to investors due to improved access to Romanian and European markets”

The Chernivtsi District Council, led by Mykola Kutsak, plays a key role in the region’s development and governance

In the context of the A7 Highway construction, new opportunities arise to strengthen cross-border cooperation, improve infrastructure, and stimulate economic growth, with Romania as a neighbor and key partner.

How do you think the construction of the A7 Highway will influence the economic development of the Chernivtsi District?

The construction of the A7 Highway will have a significant impact on the economic development of the Chernivtsi District. Firstly, it will facilitate cross-border trade by reducing transport times and associated costs. The transportation of goods between Chernivtsi and Romania will become much more efficient, leading to an increase in trade volumes. Export opportunities will expand, enabling local producers to access Romanian and other European markets more easily.

Additionally, improved connectivity will attract investors who will view Chernivtsi as an accessible and well-connected region. Tourism will also benefit from this modernized infrastructure, as it will ease access for Romanian and European tourists, boosting the local tourism industry.

What initiatives does the Chernivtsi District Council plan to leverage the opportunities created by the A7 Highway?

The Chernivtsi District Council envisions several initiatives to capitalize on the opportunities brought by the A7 Highway:

• Joint economic projects with Romanian partners: We are working on the development of joint free zones and industrial parks to benefit both Ukraine and Romania. These initiatives will attract investors and stimulate economic growth.
• Support for transport infrastructure: We plan to establish logistics centers in the region and improve local road infrastructure to facilitate efficient goods transport and mobility.
• Applications for international grant programs: We will collaborate with international organizations to secure funding for infrastructure development and support local businesses.
• Support for SMEs: We will develop business incubators and support programs for small and medium enterprises, offering consultancy and financial aid to help these businesses grow and create new jobs.

How do you think the A7 Highway will contribute to attracting investments and promoting regional development in Chernivtsi?

The A7 Highway will make the Chernivtsi region more attractive to investors due to improved access to Romanian and European markets. Efficient infrastructure will reduce transport costs, making the area more accessible and appealing for companies looking to invest.

The agricultural sector will particularly benefit from this infrastructure, as agricultural products will be transported faster and more efficiently, increasing local producers’ competitiveness. Furthermore, increased trade volumes will stimulate job creation, attract local talent, and reduce unemployment in the region. The highway will also facilitate the development of innovative industries such as technology, which will seek rapid access to international markets.

Do you have recommendations to maximize the positive impact of the A7 Highway on cross-border cooperation and economic growth in the Chernivtsi District?

To maximize the positive impact of the A7 Highway, I recommend the following actions:

• Joint investment projects: The Chernivtsi District Council must actively collaborate with Romanian partners to develop joint investment projects that enhance economic opportunities on both sides. These projects could include joint industrial parks and cross-border logistics centers.
• Creating joint tourism routes: Developing tourism routes that connect the Chernivtsi region with Romania would attract tourists and stimulate the local economy. We have a rich cultural heritage and impressive natural landscapes that can become significant tourist attractions.
• Access to international funding: Collaborating with international organizations to secure funding for infrastructure projects will be essential. The A7 Highway will attract additional investments if we secure financial support for complementary projects, such as modernizing existing infrastructure.
• Improving dialogue between businesses and authorities: It is important to create dialogue platforms such as forums and conferences to bring businesses and authorities together. This will facilitate the identification of common needs and the development of policies that support economic growth.

How can the Chernivtsi District collaborate more effectively with Romanian partners to promote joint initiatives and economic development?

Effective collaboration with Romanian partners can be achieved through an integrated approach based on joint projects and knowledge exchange:

• Developing bilateral projects: The Chernivtsi District Council and Romanian authorities should collaborate to develop joint investment projects in infrastructure and business. An example could be creating industrial parks serving both countries, offering production and logistics facilities.
• Tourism partnerships: Collaborating in tourism by creating joint tourist routes between Chernivtsi and Romania would bring economic and cultural benefits to both regions. We have a rich cultural and natural heritage that we can promote together.
• Joint funding for infrastructure: We need to work together to attract international funding for developing regional infrastructure, which will support businesses and attract foreign investments.
• Improving IT infrastructure: Together with Romanian partners, we can develop the region’s digital infrastructure, facilitating trade and stimulating technology businesses.

What role do you see for the District Council in implementing and monitoring projects related to the A7 Highway?

The Chernivtsi District Council will play an active role in implementing and monitoring projects related to the A7 Highway. Firstly, we will facilitate dialogue among all stakeholders – authorities, businesses, and local communities – to ensure that infrastructure projects are efficiently implemented and bring tangible benefits to the region.

Additionally, we will ensure continuous monitoring of the highway’s economic and social impact to identify new development opportunities and promptly address challenges that may arise. Cooperation with Romanian partners will be essential in this process, and joint projects will help maximize the benefits of this major infrastructure investment.

The post Mykola KUTSAK, President of the Chernivtsi District Council: „The A7 will make the Chernivtsi region more attractive to investors due to improved access to Romanian and European markets” appeared first on MOLDOVA INVEST.