including healthcare, artificial intelligence, rail transport, and renewable energy. Cornelius Electronics currently employs 81 people, over 80% of whom are women. All production is exported, serving industrial clients in the European Union.
The expansion of Cornelius Electronics was supported and made possible by a Memorandum of Understanding signed by Invest Moldova Agency, Innovate Moldova and the Municipality of Edineț, which provides for modifications to the infrastructure plan of the industrial park and allows for the expansion of existing production buildings.
The investment is part of the positive trend in bilateral 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. According to data from the National Bank of Moldova, British foreign direct investment increased from USD 78.8 million in 2009 to over USD 257 million in 2024, primarily concentrated in value-added sectors such as IT, electronics, agribusiness, and services. Currently, 235 companies with British capital operate in Moldova, with a total share capital of approximately 840 million MDL.
Cornelius Electronics' investment of approximately €5 million in Edineț aims to bring British capital and technology to the region, support vocational training, and create opportunities for Moldova's better integration into regional value chains. This will strengthen the country's role as a stable supplier to the European electronics sector and regional value chains.
Moldova's electronics sector is a key supplier to European markets, representing a significant portion of the country's exports. According to UN Comtrade, between 2019 and 2024, Moldovan exports of electrical equipment and components to the European Union totaled US$3.37 billion, accounting for over 90% of the sector's total exports.
