Press releases

26 February 2025, Chisinau – The private sector will benefit from better financing conditions. The Government has approved a decision it aims to make state programmes for the development of small and medium-sized enterprises (SMEs) more effective.

The new measures voted will make it easier for small and medium-sized businesses to obtain funding, cutting red tape and encouraging economic development.

The regulations are intended to harmonise the provisions of the seven state programmes for SMUs and the elimination of discrepancies in the cumulation of financial support, which limit companies’ access to resources.

The proposed changes are necessary to improve access to finance, increase transparency and boost economic competitiveness. By implementing the new regulations, SMEs will have a fairer and clearer framework for their development.

Thus, the new amendments provide for:

• Improved transparency: All operational manuals and application guides are published on the official page of the ODA. They provide clear guidance on the eligibility criteria and monitoring process.
• Extension of eligible expenditure: This includes consulting services for business planning and access to finance, thus facilitating SMEs’ access to financial resources and support for business development.
• Flexibility in co-financing: This includes regulations allowing companies without sufficient resources to cover co-financing from loans, guaranteed by the Loan Guarantee Fund or through financial instruments offered by FACEM. In this way, companies can combine funding from grants and loans, which will increase access to resources for investment, enhancing the competitiveness and productivity of SMEs.

The new regulations aim to develop the private sector by creating better financing conditions and reducing administrative barriers.

This means economic growth, with positive effects on jobs and people’s incomes.