Cornelius Electronics commits €5 Million Investment in Moldova’s Edineț Region in the Electronics Manufacturing Sector
Jan 27: The British company Cornelius Electronics will invest approximately €5 million to expand production at the Edineț Industrial Park located in the Republic of Moldova’s North-Western region. The project includes the construction of three production halls totaling over 3,000 m², intended for the manufacturing of wiring harnesses and connection systems used across 14 industries, including healthcare, artificial intelligence, railway transport, and renewable energy. Cornelius Electronics currently employs 81 people, of whom over 80% are women. All production is destined for export, serving industrial clients in the European Union.
“Cornelius Electronics SRL is a fast-growing business built on passion, dedication, and the desire to deliver real value to our clients. Through continuous investments in technology, modern equipment, and team development, we have strengthened our position as a trusted partner in a transforming industry. Our mission remains clear: high-quality services, continuous innovation, and full customer satisfaction”,
stated Diana Popovici, Managing Director of Cornelius Electronics SRL.
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 envisages amendments to the industrial park’s infrastructure plan and allows the extension of existing production halls.
“Cornelius Electronics is an example of how international expertise can be integrated into the local industrial ecosystem. We are pleased that, after several years of validated business activity in Moldova, Cornelius Electronics is managing to attract more clients for its production, making it possible to expand its investment in the country”,
said Natalia Bejan, Director of Invest Moldova Agency.
“Through investments in the Edineț Industrial Park, we are contributing to the transformation of the entire northern region. Each new hall brings dozens of jobs, more prosperous communities, and a more competitive national economy, based on engineering, innovation, and modern, export-oriented manufacturing”,
said Sergiu Rabii, Director of the Innovate Moldova Programme.
The investment fits into the positive dynamics of bilateral economic relations between the Republic of Moldova and the United Kingdom, grounded in 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, with the bulk concentrated in value-added sectors such as IT, electronics, agro-industry, and services. Currently, 235 companies with British capital operate in the Republic of Moldova, with a total share capital investment volume of approximately MDL 840 million.
The approximately €5 million investment in Edineț, made by Cornelius Electronics, aims to bring British capital and technology in the future, support professional training, and create opportunities for better integration of Moldova into regional value chains, strengthening the country’s role as a stable supplier in the European electronics sector and regional value chains.
The Republic of Moldova’s electronics sector is an essential supplier to European markets, accounting for a significant share 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 USD 3.37 billion, accounting for over 90% of the sector’s total exports.