Moldova has adopted new criteria for determining the status of small and medium-sized enterprises, which will enable a greater number of companies to receive aid.
In particular, the Parliament has approved in the second reading amendments to the Law on small and medium-sized enterprises, which adjust the values of the criteria for determining the status of micro, small and medium-sized enterprises. As a result, the number of companies registered as SMEs will increase by at least 805. They will be able to take advantage of additional opportunities of support from the state, as well as at the international level. The changes provide, in particular, doubling of the turnover threshold for granting the status of micro, small and medium enterprise. Thus, the companies with an annual turnover of up to 18 million lei or with a cumulative volume of assets owned up to 18 million lei will be considered micro-enterprises. Under the current legislation, the ceiling is now 9 million lei. The category of small enterprises will include enterprises with an annual turnover of up to 50 million lei or with the total volume of assets owned up to 50 million lei instead of the present 25 million lei. Respectively, the annual turnover or total volume of assets of medium-sized enterprises will increase from 50 million lei to 100 million lei. It was also proposed to exclude the lower limit for the number of employees to be classified as small and medium-sized enterprises. This initiative will ease the conditions for granting the status of SMEs to firms, which will entail various benefits for companies. The law will take effect as soon as it is published in Monitorul Oficial (the Official Journal of Moldova). // 17.11.2022 – InfoMarket
