Press releases

97 business women in Moldova will receive non-repayable funding through the National Programme “Fem for Business”, co-financed by the European Union and managed by the Organisation for the Development of Small and Medium Enterprises.

The celebrations of the 4th investment design contest signed today 16 January grant contracts for a total amount of Lei 12.35 million. It is estimated that following the realisation of investment projects some 230 new jobs will be created and 158 employees will remain. Cumulative investment in the national economy will amount to lei 18 million.

Present at the ceremony for signature of contracts, Minister for Economic Affairs and Infrastructure, Anatol Usatîi reiterated state support in driving forward and developing female entrepreneurship.

‘The Ministry of Economy and Infrastructure will continue to work towards ensuring an attractive business environment and developing support tools as well as entrepreneurial infrastructure. We will continue to encourage women to start business and contribute to the development of Moldova’s economy’.

Iulia Costin, Director General ODIMM, stressed that this programme aims to educate a new generation of female entrepreneurs that would add value to the national economy.

‘The Women in Business Programme has an important impact in our society. I am pleased that more and more women want to base their own businesses, which will contribute to economic growth and the creation of new jobs, especially in rural areas. At the same time, the implementation of the Programme was designed to support the market emergence of new qualitative, but also innovative services and products’.

Budget of the National Programme ‘Women in business” is also supplemented by the EU, which has made it possible to increase the number of beneficiaries of business grants open in rural areas.

“The empowerment of women has always been the key to EU policies. We welcome that today 97 new investment projects led by women will receive financial support through the National Programme”Fem in Business’co-funded by the European Union. Many business ideas will materialise, helping improve social welfare in the country‘mentioned Boris Filipov, Project Manager in the EU Delegation in the Republic of Moldova.

Around 49 % of the investment projects approved today are from the manufacturing industry (the light industry, the processing and packaging of agricultural products, the production of suventures with traditional reasons, repair and manufacture of furniture, the creation of three-dimensional objects, the production of combined nuisances, etc.), another 41 % will work in the provision of services (digital development centres, foreign languages, balet school; It, sports club of carting and quadricycles; beauty salons; kinetoterapie centre; cleaning services) and 10 percent of agriculture and zootechnics (water, rising pigs, cookes, sheeps, cattles, etc.).

So far, through the Women in Business Programme, the small grant component 379 investment projects have been selected for funding. The maximum amount of grants under this component is lei 165.000/beneficiary, which can be used to purchase investment items and business development services.

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