Press releases

16 June 2025, Chișinău – During the third edition of Entrepreneur's Day, the Organisation for Entrepreneurship Development (ODA), in collaboration with the Ministry of Economic Development and Digitalization, presented the results and outlook of the financing products "FACEM Sustainable Investments BGK" and "FACEM Impact", as well as the new financing instrument, the "Fund of Funds through a First-Loss Tranche", aimed at developing the capital market and expanding SMEs' and startups' access to alternative sources of financing.

During the session dedicated to the FACEM Sustainable Investments BGK financing product, Vadim Indoitu, Deputy Director of ODA, and Tomasz Horbowski, Country Director of Solidarity Fund PL in Moldova, presented the impact of the investments made through this product, highlighting its contribution to the development of sustainable businesses, increased energy efficiency, and strengthened competitiveness of enterprises in the Republic of Moldova.

To date, the FACEM Sustainable Investments BGK product has supported the financing of 65 investment projects, generating total investments of MDL 244 million in the economy and facilitating the provision of loans worth more than MDL 121 million. At the same time, the investments made have contributed to an annual reduction of more than 11,236 tonnes of CO₂ emissions. Furthermore, 91% of the financing provided was directed towards rural areas.

The "FACEM Sustainable Investments BGK" financing product is supported by the European Union, managed by Bank Gospodarstwa Krajowego (BGK), and implemented by the Government of the Republic of Moldova in collaboration with the Organisation for Entrepreneurship Development (ODA) and Solidarity Fund PL in Moldova.

"Entrepreneurs in the Republic of Moldova are ready to invest in modernization, efficiency, and sustainable development when they have access to financial instruments tailored to their needs. These products have become successful examples of how international partnerships can generate real investments and economic growth across all regions of the country," said Vadim Indoitu.

In turn, Tomasz Horbowski highlighted the importance of cooperation between European partners and national institutions in the development of the entrepreneurial environment:

"Through the FACEM Sustainable Investments BGK financing product, entrepreneurs benefit not only from access to resources but also from the confidence needed to invest in ambitious projects. The results presented today confirm that investments focused on sustainability, innovation, and energy efficiency generate economic value and contribute to strengthening the resilience of enterprises in the Republic of Moldova."

Regarding the "FACEM Impact" financing product, part of the "SME Development Facility in the Republic of Moldova" project financed by the German Government through KfW, it was noted that, in just the first three months of the current year, 18 local companies accessed financing worth MDL 45.5 million, with maturities of up to 10 years. These financings generated investments of approximately MDL 75.5 million in the national economy.

The programme supports business development by generating economic, environmental, and social impact, encouraging job creation and promoting standards of sustainability and social responsibility.

The event also included the presentation of the new financing product, the "Fund of Funds through a First-Loss Tranche", through which the Government aims to expand access to alternative financing sources for small and medium-sized enterprises and innovative startups, contributing to the development of the investment market and stimulating private capital in the economy of the Republic of Moldova.

The presentation of the "Fund of Funds through a First-Loss Tranche" product was delivered by Natalia Selevestru, State Secretary of the Ministry of Economic Development and Digitalization, who emphasized the importance of developing the capital market and mobilising private investment to enhance the competitiveness of the national economy:

"Access to finance remains one of the essential conditions for business development and for unlocking the entrepreneurial potential of the Republic of Moldova. Through the Fund of Funds, we are launching a new model for supporting the real economy, based on attracting private and institutional capital to companies with growth potential. Every leu invested by the state will mobilise additional resources from investors, multiplying the impact of public funds in the economy.

This instrument will provide mature enterprises with expansion potential, as well as innovative startups, with access to the financing needed for growth, innovation, and exports. Our objective is to transform local entrepreneurial potential into well-paid jobs and sustainable economic growth."

Under this instrument, a call has recently been launched to select the first investment partner that will participate in the implementation of the initiative, contributing to the mobilisation of private and institutional capital to support high-growth-potential enterprises in the Republic of Moldova.

For more information about entrepreneurial support programmes and instruments, please visit www.oda.md or contact the ODA Consultation Centre by phone at 022 22 57 99.

The event was organised with the financial support of the European Union through the "EU4SMEs" project, as well as through the project "Support for the SME Sector in the Republic of Moldova – Technical Assistance for Access to Credit", funded by the European Union, managed by Bank Gospodarstwa Krajowego (BGK), and implemented by Solidarity Fund PL in Moldova in partnership with ODA. The event also benefited from the financial support of the CONNECT Moldova–EU project, funded by the European Commission through EISMEA.