Press releases
The program for attracting remittances into the economy, “PARE 1+ 1” was extended for a further three years
Program “PARE 1+ 1” it was extended until the end of the year 2024. For the implementation of the programme, Ministry of Economy foreseen, for the years 2022-2024financial means worth lei 30 million annually. A decision to this effect was approved at today’s Government meeting.
Economy remittances programme “PARE 1+ 1” it is intended for migrant workers or their first-class relatives who invest money obtained across borders in initiating or expanding a business in the Republic of Moldova.
Programme applicants follow courses in the field of entrepreneurship so that they can then obtain a grant of up to RON 250 thousand. “PARE 1+ 1” provides for each leu invested in remittances to be fitted with a leu from the programme.
During the years 2010-2021, the programme achieved the following results:
• 2649 persons have been trained;
• 1815 investment projects were approved for financing;
• 739 new business was launched, representing 41.6 % of all programme beneficiaries;
• 564 migrant workers have returned home and launched a business;
• 48.70 % of entrepreneurs were young people up to 35;
• 1524 beneficiaries (84 %) operate in villages and cities in the country and in mun. Chisinau and Bălite are registered 16 % of companies.
Among the participants in the Programme are migrants working more than 35 countries. The largest share is made up of persons investing remittances from Italy, the Russian Federation and the United Kingdom. It should be noted that 32 % of total beneficiaries “PARE 1+ 1” are women, i.e. 571 businesses are created and/or managed by women.
Program “PARE 1+ 1” it is implemented by the ODIMM (Organisation for the Development of the Small and Medium-sized Enterprises Sector) since 2010 and aims to mobilise the human and financial resources of Moldovan workers abroad in the sustainable economic development of the Republic of Moldova, while also boosting official cash transfers.
The programme is financed from the State budget and is cleared by European Union funds.
