Press releases

64 companies created by migrants or their relatives of first grade will receive non-repayable financing of up to RON 250 thousand on the State side to open or develop its own business in the Republic of Moldova. The Supervisory Committee of the Employee Savings Programme (PARE 1+ 1) approved today, 24 December, applications for non-repayable financing of entrepreneurs returning at home, who will invest remittances from work abroad. The total amount of grants approved for these investment projects is 15.46 m.lei.

The execution of investment projects is expected to create or maintain around 185 new jobsand cumulative investment in the national economy they will be around Lei 38 million.

More than half of the companies receiving financing will develop business in 27 races of the Republic in agriculture (the cultivation of cereals, the increase in greenhouse vegetables, the processing of vine plantings, nulls, pruns, beekeeping and zootechnics). 19 business start in field of service provision (accommodation and food activities, transport services, motor vehicle maintenance and repair, health and social work, construction), and 11 companies activate in manufacturinghaving as its type of activity the manufacture of clothing, the manufacture of ceramic objects, manufacture of wood, bakery products, nisip extraction and leather extraction, manufacture of furniture.

Those 64 entrepreneurs to contribute their share of investment according to rule 1+ 1 from money earned on 14 countries Germany, the United Kingdom, Italy, France, Romania, Russia, the USA, Israel, Ireland, Spain, the Netherlands, Greece, Sweden and Ukraine.

Of total applications for funding, 35 business are created by migrant workers; and 29 companies they are constituted by grade I relatives of migrants. At the same time, 26 Business are created by womenand 25 business are created and administered by young people.

PAR 1+ 1 Programmemanaged by Organisation for the Development of the Sector of Small and Medium Enterprisesit aims to mobilise the human and financial resources of Moldovan citizens working abroad in the sustainable economic development of our country by stimulating the creation and development of small and medium-sized enterprises. The programme operates under the “1+ 1” ruleso that each leu invested in remittances will be matched by a leu as a grant under the Programme.Grant beneficiaries can be Moldovan nationals, working across borders and recipients of remittances, grade I relatives.

During the PARE 1+ 1 Programme, access to finance was facilitated for 1815 companies, which made investments in the economy worth lei 1 billion, of which approximately lei 382 mln is the grant amount transferred under the Programme, thus every leu granted as a grant generates about 3 lei investments in the economy.

See list of companies approved for financing