If approved by parliament, Tofan will be tasked with driving Moldova closer to realising its EU membership goal and reviving an economy that has experienced years-long decline.
Moldova's pro-European President Maia Sandu nominated businessman Vasile Tofan on Saturday as the country’s next prime minister to replace Alexandru Munteanu, who resigned earlier this month over differences with the ruling majority.
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In a video posted to social media, Sandu said Tofan's primary responsibility, after his candidacy is approved by the country’s parliament, would be to move the country further towards its path of "integration" into the European Union.
He should also "strengthen the resilience of state institutions and society", and "revive the economy", added Sandu.
The Moldovan businessman now has two weeks to secure parliamentary backing, a prospect he hopes to achieve after submitting his government programme and his ministerial cabinet nominations.
Tofan had been mentioned as a possible prime minister last year even before the appointment of Munteanu.
Igor Grosu, who heads Sandu's Action and Solidarity Party (PAS) which won the last parliamentary elections in September, announced on Friday that he had selected him as his candidate to replace the outgoing premier.
He said Tofan shared "the same objectives" as him and PAS, specifying that "EU accession in the years to come, institutional reform and economic growth", were among the biggest points of agreement.
The nominee for prime minister, who graduated Harvard Business School and turns 44 on Sunday, has a degree in public management from the Netherlands and is a managing partner at Horizon Capital, a private equity firm with assets primarily in Ukraine and Moldova.
He has also chaired the board of directors of Moldova's Purcari winery, considered the crown jewel of the country’s winemaking sector.
Munteanu, another businessman who like Sandu previously worked at the World Bank, had been chosen to boost the economy and bring it closer to the EU, but turbulence with PAS saw him vacate his post less than a year into holding office.
He resigned on 3 July after less than eight months, stating that he could no longer carry out his mandate "according to (his) principles and (his) convictions".
The EU last month officially launched a first round of accession negotiations with Ukraine and Moldova. Both countries became official EU candidate countries on 23 June 2022.