News/Press

Moldova scores well on procedures for starting a business
The Republic of Moldova has made progress in the setting up of business, according to the 2017 annual study on ‘ The Cost of Doing Business in Moldova ’, conducted by the World Bank Group. According to the data, Moldova occupies the 44th position out of 190 countries across a range of business indicators, the same position as in 2016, but with an increase in its overall score, from 72.8 to 73 out...
A new programme for structural reform in Moldova has been launched by the United States Agency for International Development (USAID), aiming to contribute to structural reforms to regulate and stimulate business and trade in the country. The programme's promoters aim to promote Moldovan exports to the European Union market over the next four years, and to make the business environment more...
6,406 enterprises were registered in Moldova in 2017
A total of 6,406 enterprises were registered in Moldova in 2017, 13% more than in the previous year. According to the State Registration Chamber, about 64% of them are registered in Chisinau. On January 1, 2018, the State Register of Legal Entities contained information about 169,400 companies, of which 57.8% (97,900) were limited liability companies, 33.3% (56,500) individual enterprises, 2.6% (...
The meeting between ODIMM and Partner Banks
On January 17, 2018, the Organization for Small and Medium Enterprises Sector Development (ODIMM) from Moldova held a meeting with partner banks to review performances of the Credit Guarantee Fund during the past year. The Credit Guarantee Fund is a state-funded programme for SMEs implemented by ODIMM as part of the national policy on facilitating SMEs' access to financial resources. The fund was...
Ana Statova welcomes her guests
Ana Statova, a single mother of two, has recently become a local celebrity in the Gagauzia region of Moldova. News about the traditional touristic complex ‘Gagauz Sofrasi’ built in the village of Congaz has travelled fast. Ambitiously named ‘The biggest village in Europe’ , Congaz is proud of the complex reproduces the setting and charm of traditional peasant houses: stoves with heated beds,...
The EU is working to support SMEs in Moldova
The EU is working to support SMEs in the Republic of Moldova to expand their export markets, with a recent training session aimed at building up the capacity of the Small and Medium Enterprise Development Organisation (ODIMM) to assist domestic companies that intend sell abroad. The training session on international practices to increase the export capacity of small and medium-sized enterprises (...
GLS Bank has made its second investment in the European Fund for Southeast Europe (EFSE). With its purchase of €27.9 million in EFSE notes, the bank is continuing to join forces with EFSE to ensure access to financing for micro and small enterprises and to support low-income private households in Southeast Europe and the European Eastern Neighbourhood Region, where it operates under the...
The EU-funded PARE 1+1 programme has approved 32 grant applications submitted by companies created by Moldovan migrants or their relatives for a total amount of 7.89 million lei. According to estimates, about 90 new jobs will be created, and cumulative investments in the national economy will amount to 19.43 million lei. Analysing the results of the PARE 1+1 Programme, the Secretary General of...
Farmers on the banks of the Dniester River in Moldova can now benefit from professional advice from the Organic Farming Consultancy Centre, established with EU support. The centre was created at the initiative of four specialised associations on the right and left bank of the Dniester River, within the framework of the EU-funded ‘Support to Confidence-Building Measures’ programme, implemented by...
Dimitri Gvindadze, Head of the EBRD office in Chișinău, with Antoine Gabizon, President of the Management Board and CEO of Mobiasbanca.
As part of the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) is providing an additional €20 million loan to Moldova’s Mobiasbanca - Groupe Société Générale to meet growing demand for finance from local businesses who are investing in improving the quality of their products and services. Moldovan companies are raising standards following the establishment of...