Press releases

ODIMM, in partnership with Ministry of Economy, has drawn up First early warning mechanism for companies in difficulty. This mechanism will help both to avoid financial difficulties for companies and to mitigate the negative effects of the current crisis, and is designed through the transnational DanubeChance2.0 project. “Acceptance of failure to facilitate entrepreneurs’ access to second chance in the Danube Region”of which the Republic of Moldova and other 13 countries in the Danube region. Through this application, entrepreneurs facing business difficulties will be able to make an X-ray of the company, with the vulnerabilities of the business being detected, and then receive mentoring to recover and reset management.

At the same time, a draft National Programme has been drawn up. “Second Chance”for domestic entrepreneurs, who face difficulties in running their business, are on the verge of bankruptcy or want to start a new business.

At the same time, during the current year, 3 training sessions were organised through the project. Trial and Error for local entrepreneurs in the North, Central and South regions, who focused on improving company management, motivation and resource management. As a result, 5 domestic companies benefited from business acceleration services, through which business experts guided entrepreneurs in the process of revitalising or restructuring their businesses.

These achievements were presented in Budapest (Hungary) by Finodora Marcu project Manager, at the DanubeChance2.0Closing Conference.

The DanubeChance2.0 project – “Accepting failure to facilitate entrepreneurs’ access to second chance in the Danube Region” is co-financed by the European Union through the Danube Transnational Programme. The project aimed to develop second chance entrepreneurship policies and practical solutions to improve the entrepreneurial culture to avoid losing entrepreneurial potential and overcome the stigmatisation of entrepreneurs after business failure. The DanubeChance2.0 project was implemented by a consortium of 17 partners coming from 13 Danube Region countries (Slovenia, Romania, Germany, Austria, Hungary, Croatia, Bosnia and Herzegovina, Moldova, Ukraine, Belgium, Italy, Slovakia and Serbia) and the project was managed by the Hungarian organisation IFKA Public Benefit Nonprofit Ltd.