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.
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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.
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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.
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