Steering Committee PARE 1 + 1 Program in Moldova approves grants for 34 companies

Chisinau, 2 September /MOLDPRES/ - Committee Surveillance Program for Attracting Remittances in Economics "PARE 1 + 1" approved today 34 grant applications submitted by companies created by migrants or their relatives, totaling 6,8 million lei.

Press service of the Ministry of Economy stated that, according to Director General of the Organization for Development of Small and Medium Enterprises (OSME), Iulia Iabanji, of all applications received, 20 businesses were created by migrant workers who returned from abroad, 14 businesses being constituted of their first-degree relatives. About 30 per cent of business is created and managed by women, 59 per cent created and managed by young people.

ODIMM analysis shows that over 76 per cent of the grant recipient firms are in business expansion phase and 23% - during the launch. Of the total grant requests, 23 were started in business-oriented agriculture and various types of activity: growing grain and grape-vine, growing plants and animals, providing services mechanized. 8 other companies active in the supply of services (transport and storage services, recreation and leisure, health and social assistance) and 3 enterprises in manufacturing (textiles, food processing, grain processing and packaging).

After locating the place, enterprises are located in 17 districts of the country, of which 20% operate in Chisinau, and 80% in rural areas.

Iulia Iabanji also said that the institution she headed carried out an extensive project to promote PARE 1 + 1 program, including diplomatic missions, Diaspora, development partners, etc.

PARE 1 + 1 aims to mobilize human and financial resources of Moldovan migrant workers in Moldova's sustainable economic development by stimulating the creation and development of small and medium enterprises by migrant workers and remittance recipients. The program operates by the rule "1 + 1", so that every leu invested in remittances will be substituted with a leu in the form of grants under the program. Grantees are migrant workers, citizens of Moldova and beneficiaries of remittances, first-degree relatives.

(Reporter A. Mardare, editor M. Jantovan)