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Moldova has established the Fund for Entrepreneurship and Economic Development of the Country, which will provide concessional financing for SMEs.

Moldova has established the Fund for Entrepreneurship and Economic Development of the Country, which will provide concessional financing for SMEs.

This is provided for by the relevant amendments to the Law on Small and Medium Enterprises, which the Parliament adopted in the second reading. The Fund for Entrepreneurship and Economic Development of Moldova will be created within the framework of the Enterprise Development Organization (ODA) with the status of an internal unit, without forming a legal entity. The Fund will provide small and medium-sized enterprises with financing on concessional terms. Financial instruments such as preferential loans, full or partial compensation of the cost of the loan, and other financing mechanisms will be used. The Fund for Entrepreneurship and Economic Development will be financed from the state budget, funds allocated by development partners and / or donors (credits / loans, financial and technical assistance, grants), income received from lending and re-crediting, usufruct received from the investment of available financial resources, and from other legitimate sources. The size of the fund for the current year is 70 million lei. The government assumes that in the next 3 years the capitalization of the fund will reach 2.45 billion lei. According to government estimates, next year ODA will be able to provide entrepreneurs with about 1 billion lei through the fund. The Foundation for Entrepreneurship and Economic Development of Moldova is designed to create additional opportunities for economic agents so that they can access financial resources in the long term on favorable terms. // 24.11.2022 — InfoMarket.

News on the subject

In the worst-case scenario for Moldova, its 6-month electricity costs would exceed 484 million euros, 260% more than in the previous year.
In the worst-case scenario for Moldova, its 6-month electricity costs would exceed 484 million euros, 260% more than in the previous year.
Accession of Moldova to the Single Euro Payments Area (SEPA) will accelerate the achievement of the desired integration into the EU - Natalia Gavrilita.
Accession of Moldova to the Single Euro Payments Area (SEPA) will accelerate the achievement of the desired integration into the EU - Natalia Gavrilita.
The total public debt of Moldova reached a new record high, exceeding the amount of 85.5 billion lei at the end of September 2022.
The total public debt of Moldova reached a new record high, exceeding the amount of 85.5 billion lei at the end of September 2022.
The Monitorul Oficial published the Budgetary forecast for the medium term (2023-2025).
The Monitorul Oficial published the Budgetary forecast for the medium term (2023-2025).
In Iasi, a protocol was signed to amend the Moldovan-Romanian agreement on regulating the construction of some water conduits.
In Iasi, a protocol was signed to amend the Moldovan-Romanian agreement on regulating the construction of some water conduits.
Prices for fuel in Moldova in January-October 2022 increased by an average of 39.79%, and over the past 12 months (October 2022 to October 2021) - by 42.08%.
Prices for fuel in Moldova in January-October 2022 increased by an average of 39.79%, and over the past 12 months (October 2022 to October 2021) - by 42.08%.