EU4BUSINESS IN THE REPUBLIC OF MOLDOVA

Over 97% of all businesses in the Republic of Moldova are SMEs. They are responsible for over 50% of all jobs and generate more than 30% of the country’s income. However, they find it hard to get finance and enter new markets. The Moldovan government has simplified legislation and administration to help SMEs prosper. EU4business programmes complement these efforts by improving access to finance, helping SMEs move into foreign markets and providing training to build up business skills. Specific technical help is available to Moldovan SMEs to make sure they can make the most of the country’s free trade agreement with the EU.

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Success stories

Rodion Sobchenko, administrator of Riomax-Prim
The nutritional and medicinal value of sea buckthorn – a flowering shrub that produces compact orange fruit – has been known in Europe for generations. Yet despite its growing reputation as a “super fruit”, particularly beneficial for treating skin disorders, until now, there were no producers in the Republic of Moldova able to deliver industrial quantities of this curative product. “The thought...
Apricots are among the fruit grown on Constantin Andriuţă's farm
Constantin Andriuţă from the village of Şeptelici near Soroca has always been successful in agricultural business. Since graduating in agribusiness in 1996, his business has grown and he has succeeded in diversifying his crops, with a particular focus on horticulture. He planted apple, pear, apricot, cherry, walnut and peach orchards, eventually joining up with four other agricultural enterprises...
manager of Biox Comerţ, Roman Balan
Although the Small and Medium-sized Enterprise (SME) sector is promising in the Republic of Moldova, the lack of investment is making it uncompetitive, and this means the economic growth that could be generated by the private sector is yet to materialise. Interest rates on commercial loans offered by banks are far too high for small businesses, and the repayment terms are too short, so the...