Press releases

Of the 44 enterprises approved for grants, 43 % are in the expansion/business development phase and 57 % are in the start-up phase. At the same time, 16 businesses are created by migrant workers, who have returned from abroad, and 28 by first-degree relatives of migrants. Statistics also show that 31 % of businesses are created and run by women and 48 % by young people.

Most applicants, 31 in number, will invest in agriculture: the cultivation of cereals and vines, vegetables in protected areas, animal husbandry and business development in beekeeping. In addition, 9 beneficiaries will provide leisure, construction, health and social work services, milling and car repair services. A further 4 beneficiaries concentrated their activity in the processing industry and agri-food sector: manufacture of textiles/apparel/leather, wood processing, pellet production and biscuit manufacturing.

The analysis of the origin of remittances shows that the 44 applicants invest the money from their work in 11 countries: Italy – 20 applicants; Russia – 12 applicants; United Kingdom – 3 applicants; US – 2 applicants and one applicant each from Belgium, Germany, Israel, France, Portugal, Romania and Spain.

The businesses are located in 22 districts and the municipality of Chisinau. Of all enterprises 5 are located in mill. Chisinau; 6 in the district of Hzelști; 3 each in the districts of Florești, Orhei and Telcești; 2 companies each in the Anenii Noi, Cantemir, Căușeni, Cimișlia, Nisporeni, Soroca, Sîngerei districts and one company each in the Cahul, Criuleni, Drochia, Fălești, Glodeni, Rezina, Rîșcani, Șoldănești, Ungheni and UTA Gagauzia districts.

Since the launch of the “PARE 1 + 1” programme, 1136 companies have benefited from access to finance. Investment in the economy is estimated at over RON 697.97 million, of which approximately RON 215.8 million is the amount of grants approved under the Programme. Thus, approximately RON 3,23 of investment in the economy is attracted to each leu transferred from the Programme.

The PARE 1 + 1 programme 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 remittances beneficiaries. The programme operates under the ‘1 + 1’ rule, so that each leu invested from remittances will be replaced by a leu in the form of a grant under the Programme. The beneficiaries of the grants may be migrant workers, citizens of the Republic of Moldova and beneficiaries of remittances, first-degree relatives.