Press releases

38 migrants or their first degree relatives access non-repayable financial support from the State up to RON 250 thousand to start/develop a business in the Republic of Moldova. Today, company managers signed grant contracts with the Entrepreneurship Development Organisation (ODA). The total amount of grants is around RON 9 millionand the volume of investment in the economy will be around RON 22 million. Thus, according to the forecasts included in the investment projects, the 38 companies help create or maintain 142 jobsincluding 58 young people and 47 women. In the current year, this programme has been selected for funding 122 companies.

Dumitru Pîntea, Acting ODA Director reaffirmed the institution’s commitment to supporting entrepreneurial people to start or develop businesses, including diaspora workers.

“Business supported by this programme brings migrants back home and creates new jobs. Shortly, this backstop will be adjusted with a new funding window 1 + 2. Companies that have successfully implemented investment projects in the PARE 1 + 1 phase will be eligible for support under component 1 + 2 for business development. In total, under this programme, businesses opened by migrants will be able to access state grants of up to RON 750’, specified the Director.

Representatives of the 38 companies selected for funding are migrants working in 11 countries. Most people invest remittances obtained in the UK, Italy, Germany, France and Romania.

37 of the companies receiving the grant operate in the countryside, being located in 19 districts of the country. Of the total number of grant applications, 30 enterprises active in the field of agriculture: the cultivation of cereals; growing of vegetables under glass; processing of vineyards, fruit trees; animal husbandry, beekeeping.

Other 6 business the following are started in the field of service provision: transport services, maintenance and repair of motor vehicles, health and social work services, catering services2 companies are active in the manufacturing sector. the activity is the manufacture of biodegradable bags from corn starch, and the production and processing of quail meat and eggs.

Entrepreneurs who have been accepted today for non-repayable financial support include: Daniela Recan of s. Hrușova, Criuleni district. It has an agricultural business, namely the development of a quail livestock farm.

“The “PARE 1 + 1” grant will help us to develop the company’s business by launching a meat and egg processing line and making semi-finished quail meat.’ emphasised the beneficiary.

Entrepreneur Victor Timotin since then, the district of Leova is responsible for growing cereal crops (maize, sunflower).

“With this grant we want to buy a tractor in order to be able to expand the areas of processed land and increase the harvest. This purchase will allow us to carry out the agricultural works in the best possible terms, as at the moment all the works are carried out with a rented tractor ’Mentioned Victor Timotin.

The programme for attracting remittances to the economy “PARE 1 + 1” has been implemented by the Organisation for the Development of Entrepreneurship (ODA) since 2010 and aims to mobilise the human and financial resources of Moldovans working abroad in the sustainable economic development of the Republic of Moldova. The programme works on the basis of the “1 + 1” algorithm, so that each leu invested from remittances is replaced by a leu in the form of a grant. The amount of the grant is up to RON 250 000.Grant beneficiaries may be citizens of the Republic of Moldova working abroad and beneficiaries of remittances, first-degree relatives.

See the list of companies accepted for funding

{gallery}../19 august 2022{/gallery}