News

On 27 June this year, the Monitoring Committee of the pilot programme for attracting remittances to the economy “PARE 1 + 1” held a meeting, at which the results of the implementation of the programme were presented by ODIMM and 158 grant applications of migrant workers or their first-degree relatives were analysed. The total amount of investment projects submitted represents RON 108 million, including the grant component of RON 28.5 million and the own resources of migrant workers of RON 79.5 million.

At the meeting, the members of the Supervisory Committee approved the award of the grant component (RON 9.4 million) for the implementation of 51 investment projects, which will generate cumulative investments of RON 40.7 million. Thus, each RON granted under the Programme for the implementation of these projects will attract RON 4 in investments in the national economy.

Migrant workers and first-degree relatives from all over the Republic participated in the project and the areas of activity were among the most diverse. Areas of activity may include: the production of wool and knitting articles, the sewing of clothes, the manufacture of milling and pastry products, the processing of wood, the manufacture of furniture, social care homes, etc. A new element is the granting of funding for the procurement of machinery for the production of lighters, which confirms an important criterion for the selection of beneficiaries, namely that of innovative projects.

The financial means expected to be invested come from the work of migrants from 29 different states, with a major share of those from Italy at 49 %, followed by Russia at 10 %, with the rest originating in 27 other states in the EU, the CIS, the US, Africa and South Korea.

Deputy Prime Minister, Minister of the Economy Valeriu Lazăr asked the members of the Programme Advisory Committee to identify the regions that have become less involved in this project now, including the future involvement of the country’s less developed regions in the project. “We cannot afford the luxury of funding some and the same districts. This project is a tool that the State uses for the development of the country. This is why it is important to create development centres where they are still lacking. It is our moral duty to help, guide, incentivise them to launch their own businesses by participating in the project "concluded the Deputy Prime Minister.

Note: The PARE 1 + 1 programme aims to mobilise the human and financial resources of Moldovan migrant workers in the sustainable economic development of the Republic of Moldova by stimulating the creation and development of small and medium-sized enterprises by migrant workers and remittances beneficiaries. The programme will operate under the ‘1 + 1’ rule, thus each leu invested from remittances will be replaced by a leu in the form of a grant under the Pilot Programme.

The pilot programme for attracting remittances to the economy ‘PARE 1 + 1’ for the years 2010 to 2012 is approved by Government Decision No 972 of 18.10.2010, and is intended for migrant workers or their first degree relatives who wish to invest in launching or/and developing their own business.