The European Bank for Reconstruction and Development (EBRD) and the European Union are providing €10 million in new financing for Moldova-Agroindbank (MAIB) and Victoriabank, following steps by Moldova ’s key lenders to achieve transparency of...
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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Two meetings have been held in Chisinau in support of SME development in Moldova, organised by the OECD in the framework of the EU-funded project ‘ EU4Business: From Policies to Action ’. On 2 April, the working group of the project on ‘Supporting...
The European Fund for Southeast Europe (EFSE) has announced the expansion of its fund structure to promote lending in local currencies. Backed by a contribution of €44 million from the European Union’s EU4Business initiative, and €12 million from...
Success stories
Designing and building one’s own house is a dream for many, but with millions of decisions to make, the dream can soon turn into a nightmare. “The roof is your first line of defence against snow, rain, hail, heat. A stress-free experience is what Roof Art offers its clients,” Ilarion Ursu, the CEO of Moldova ’s RoofArt explains during a perfect elevator pitch. “When roofing your house, there are...
Getting the finance to start or develop any small or medium-sized enterprise can be tough at the best of times. In Moldova, it can be especially hard. But are things changing? Business Planet visited Soroca, in the north of the country, to see how farms are benefiting from a special European initiative. AMG Kernel is Europe's biggest walnut farm. It covers 750 hectares and exports nearly 80...
Moldova
10/10/2018
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...