Press releases

48 businesses created by migrant workers or their relatives will receive financial support through the ‘PARE 1 + 1’ Economic Discharge Programme, managed by the Organisation for the Development of Small and Medium-sized Enterprises (ODSME) and funded by the European Union. On Saturday 23 June, the owners of investment projects signed financing contracts with ODIMM for a total amount of RON 11.46 million, which will help to attract RON 30.13 million in investment and create 114 jobs in the economy.

Of the total grant applications, 30 businesses are started in agriculture and oriented towards different types of activity: the cultivation of cereals and vines, the cultivation of vegetables in protected areas, the establishment of plantations of walnuts and plums, apples, sour cherries, animal husbandry (rabbits, quinchilla), beekeeping. At the same time, 12 enterprises is active in the provision of services (leisure, medical, body maintenance, catering in rural areas, transport of passengers and goods, car repairs, storage of fruit and vegetables), and 6 enterprises in the manufacturing industry, with activities in the food industry, production of concrete blocks, paving and manufacture of forged iron articles, electricity distribution and control apparatus, production of minced and granulated feed, etc.

Of the 48 businesses approved for non-repayable financial support by Supervisory Committee of the Economic Discharge Programme “PARE 1 + 1”19 are newly created and 29 companies are in the expansion phase. The analysis of remittances shows that the new beneficiaries of the Programme will invest remittances from their work in 11 countries: Italy, UK, Russia, USA, Israel, Germany, France, Denmark, Spain, Romania, Ireland.

We would point out that the PARE 1 + 1 programme is implemented by the Organisation for the Development of Small and Medium-sized Enterprises with the financial support of the European Union. Since the beginning of 2018, a further 44 businesses have been accepted for grant through ‘PARE 1 + 1’. It aims to mobilise the human and financial resources of Moldovan migrant workers in the sustainable economic development of the Republic of Moldova by stimulating the creation and development of small and medium-sized enterprises by migrant workers and recipients of remittances. The programme operates under the ‘1 + 1’ rule, so that each leu invested from remittances is replaced by a leu in the form of a grant.

Directorate for Communication and ODIMM RP