EU4Business Countries Moldova

Moldova

In Moldova, where SMEs make up 98% of the business sector, with 76% classified as micro-enterprises, creating a business-friendly environment is crucial for fostering small business development and generating broader economic growth in the country.

Key challenges faced by SMEs in Moldova include a trade deficit due to limited export capacity, low levels of product sophistication and economic diversification hindering long-term growth, and a talent shortage resulting from significant migration trends that have reduced the active working force compared to EU averages.

Through the EU4Business program, the EU has been actively supporting Moldova's SMEs. In 2022, the initiative implemented 30 different projects with a total budget exceeding EUR 132 million, benefiting 6,328 SMEs. These led to the creation of 22,427 new jobs and a significant 30% growth in the overall turnover of SMEs in Moldova.

Results in 2023

To meet such challenges, the EU has been actively aiding Moldova SMEs via the EU4Business Initiative. In 2023, the initiative funded 37 diverse projects with a total of over EUR 157 million, benefiting 2,870 SMEs. Together, the projects generated around 10,363 new jobs and drove a notable 17% increase in the total turnover of SMEs in Moldova.

€157mln

total budget of EU support

projects

2,870

SMEs supported

36%

women owned

10,363

new jobs created

€125mln

extra income generated by EU-supported SMEs

data for moldova
2023

If you want to find out more about EU4Business in Moldova, check out the local website

https://eu4business.md