Press releases

Today, 15 October, the Monitoring Committee meeting of the “PARE 1 + 1” Programme took place, where 27 investment projects submitted by migrant workers and their relatives were accepted for funding.

The investment projects concern cumulative investments of approximately RON 17.44 million, while the amount of grants requested under the Programme represents more than RON 5 million. As a result, 1 RON requested under ‘PARE 1 + 1’ will attract circa 3 LEI investments in the economy.

Analysis applications for funding shows that Moldovan migrant workers invest accumulated savings predominantly in agriculture (greenhouses, rabbit farms, quinchilla farms), services (electrotechnical services) and electro-mountingprinting, construction, repair, maintenance and car laundry), production (lighters, building material, vacuum dried wood, bakery, mill, artisanal beer).

Most applications came from the Centre area of the Republic 15 enterprises, followed by the zone North (8 enterprises) and the area of South (4 companies).

We reiterate that, so far, 233 enterprises they signed grant contracts with ODIMM, benefiting from grants totalling more than RON 29 million.

QN PARE 1 + 1 programme migrant workers and their relatives receive advice and information on business development opportunities, projects in the country, sources of financing for an investment project, legislative aspects of entrepreneurial activity, etc.

In addition, for improving entrepreneurial knowledge and skills, participants are trained in seminars, which are carried out on modules with a total duration of 50 academic hours (10 working days) and include the following topics:business registration, management, marketing, accounting, business planning, etc.

The programme is carried out under the ‘1 + 1’ rule, which stipulates that each leu invested from remittances will be replaced by a leu from the PARE. The maximum amount of financing granted is RON 200 thousand.

In this regard, ODSMEs invite eligible persons (migrant workers and their relatives (parents, spouses, children) to register with the Programme and to benefit from both entrepreneurial knowledge and non-repayable funding for business creation and development.

Please note that the registration to the Programme can be done online at electronics pare.odimm.md. For further details, you can go to: www.odimm.md.

TOGETHER WE CREATE THE RIGHT FUTURE!