8 May 2024, Chisinau — Entrepreneurs in the Republic of Moldova will be able to access finance for business development more easily, within the framework of Investment Incentive Programme “373”. The government approved the changes that will increase the number of eligible beneficiaries and investments and simplify lending procedures.

Thus, the “373” programme will be extended to a wider group of beneficiaries. It will also be accessible to small and medium-sized enterprises in trade (except those trading alcoholic beverages and tobacco), as well as to the maintenance and repair of motor vehicles and motorcycles.

Another improvement relates to an increase in the maximum amount that can be granted to a single beneficiary, from 15 million to RON 40 million. It will also be allowed to finance the purchase of raw materials and materials required in the production or provision of services, up to the limit of 30 % of the value of the investment project.

At the same time, the guarantee ceiling was increased from 40 % to 80 % of the amount of the loan for the guarantees provided (the Credit Guarantee Fund (CGF) requirement) and the banking procedures for granting loans were simplified.

So far, under the “373” programme, more than 300 beneficiaries have contracted 363 loans, with a total investment value of lei 1.46 billion.