Authorities from Gagauz autonomy to provide grants to back local entrepreneurship

Chisinau, 27 July /MOLDPRES/ - Twenty economic agents from the Autonomous Territorial Unit Gagauz-Yeri, southern Moldova, will benefit from grants of the fund for supporting the local entrepreneurship, created by the autonomy’s administration. The first contracts were signed at the department for economic development of the Comrat executive body on 26 July.      After getting the needed certificates, beneficiaries will receive up to 200,000 lei from this fund, to carry out their projects through investment in new production technologies.  

The manager of an enterprise from Ceadar-Lunga, Vladimir Sarioglo, said that he would buy new equipment with this grant, which will allow him extending the business and create not less than seven jobs, according to the website www.gagauzinfo.md.     At the same time, beginner businesses will be backed, such as, for instance, a start-up led by Alexandr Guboglo. The entrepreneur manages an enterprise which still does not have its own history; yet, due to authorities’ grant, he will be able to buy needed equipments to develop business ideas.    

The fund for backing the entrepreneurship from the Gagauz autonomy is worth 3.6 million lei.   

(Reporter L. Grubii, editor L. Alcaza)