Another 68 local businesses received grants from the Moldovan government and the World Bank totaling MDL 28.9 million
These projects are expected to attract over MDL 45 million in investment into the national economy and create at least 447 new jobs in addition to the existing 555. The support was provided through programs managed by the Entrepreneurship Development Organization (ODA) jointly with the Ministry of Economic Development and Digitalization. Of the total grants, approximately MDL 18 million was allocated to 57 companies by the government, while another 11 companies received MDL 10.9 million under the local producer competitiveness and value chain integration Program, co-financed by the World Bank. The support is aimed at enhancing economic competitiveness, increasing wages, and strengthening local development potential. During the grant awards ceremony, Minister of Economic Development and Digitalization Eugen Osmochescu noted that transforming Moldova into a productive, innovative, and competitive economy is not just an economic goal, but a national vision. "This transformation is being achieved thanks to the courage and tenacity of our entrepreneurs, consistent policies and prudent investments, but especially thanks to a genuine partnership between the state and the business community. Only together can we build an economy that produces value, creates high-paying jobs, and gives young people real reasons to believe in the future of their country," he emphasized. Ulrich Schmitt, World Bank Group Country Manager for Moldova, noted that the World Bank Group's support is aimed at creating a competitive and predictable environment for small and medium-sized enterprises in Moldova to facilitate their growth, expand access to financing for investment, and enhance competitiveness so that Moldovan companies can integrate into regional and international value chains and benefit from technological advances and market integration. Vadim Codreanu, head of the ODA, highlighted business support programs—from grants to competitive financing through Facem Investitii BGK, FACEM Impact, and the Government's 373 program. He also encouraged entrepreneurs to combine these instruments with the local supplier development Program, which offers free consultations and customized plans to make investments more competitive in domestic and foreign markets. It is worth noting that since the beginning of the year, 693 enterprises have received grants through the local supplier development Program totaling MDL 291.6 million. This assistance has contributed to planned investments in the national economy totaling over MDL 564.5 million. Of the total number of beneficiaries, 446 companies received funding from the state budget, 156 received EU support under the "EU for Small and Medium-Sized Enterprises" project, and 84 companies received assistance under a program financed by the government and the World Bank Group. In addition, seven companies received support under the "EU4Moldova: Local Communities" program, funded by the European Union and the governments of Germany, Austria, and Poland and implemented in Moldova by GIZ (German Society for International Cooperation), ADA (Austrian Development Agency), and Solidarity Fund PL (Polish State Fund).// 11.11.2025 — InfoMarket.
