PARE 1+1 programme of Moldova extended till 2018

Chisinau, 16 December /MOLDPRES/ - The PARE 1+1 programme on attracting remittances into the economy, launched in 2010 for a five-year period, has been extended till 2018, under a decision adopted by the cabinet today.

Starting from the programme's launch till present, over 11,000 consultations have been provided, 61 training courses were held, in which 1,248 migrants and their first-degree relatives participated. The Supervision Committee approved grants worth over 90 million lei, provided by the state to develop business in industry, agriculture, constructions and services. As many as 581 contracts on non-refundable financing have been concluded with entrepreneurs who invested or plan to do business with money earned abroad.

According to the Economics Ministry, investments amounting to 214 million lei have been made in the Moldovan economy during five years, with each Moldovan leu earmarked from the programme due to attract 3 lei invested in the national economy.

In 2010-2014, the PARE 1+1 Programme was financially backed by the European Commission through the matrix of policies for the sector support programme, Economic Stimulation in Rural Areas, financed by the European Union. Till 2018, the programme will be financed from the budgetary support provided by EU for the creation of the Deep and Comprehensive Free Trade Area in Moldova.

(Reporter V. Bercu, editor A. Raileanu)