More Moldovan entrepreneurs sign contracts on non-refundable financing within PARE 1+1 programme

16:43 | 14.06.2016 Category: Economic

Chisinau, 14 June /MOLDPRES/ - Thirty four enterprises from Moldova, benefitting from the PARE 1+1 Programme for Remittance Attraction in the Economy, will receive grants worth over 6.6 million lei, in order to develop business.

The money will be transferred based on non-refundable financing contracts, signed by the Organization for Small and Medium-sized Enterprises Sector Development (ODIMM), which manages the programme. The contracts were signed, after the programme’s Supervision Committee had accepted the concerned companies for financing, the ODIMM press service has reported.

According to estimations by ODIMM experts, the investments made by the 34 entrepreneurs will attract about 22.7 million lei into the national economy and will create over 200 jobs.

The director of the ODIMM consultancy and business assistance centre, Tudor Lupascu, said that the signing of the financing contracts represented for some beneficiaries a first step in process of starting business, and for entrepreneurs – a possibility to extend their business and to orient themselves to export. “The ODIMM consultants are ready to back the new entrepreneurs, helping them also benefit from other programmes managed by the organization, such as the GEA Programme, which provides schooling in the field of entrepreneurship for business people, or the credits guaranteeing fund, which offers backing to entrepreneurs willing to access credits, but do not have security,” Lupascu said.

The PARE 1+1 Programme for Remittance Attraction in the Economy, managed by ODIMM, provides for the mobilization of human and financial resources of Moldovan migrant workers for a sustainable development of Moldova through stimulating the setting up and development of small- and medium-sized enterprises.

Within the programme, entrepreneurs have possibility to benefit from a grant worth up to 200,000 lei, based on the 1+1 rule, which sees that each Moldovan leu invested from remittances will be supplied by one leu within PARE.

(Reporter A. Mardare, editor A. Raileanu)

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