Moldovan migrants invest one billion lei in country's economy through PARE 1+1 programme

Chisinau, 27 February /MOLDPRES/ - The Organization for Small and Medium Enterprises Sector Development (ODIMM), through the programme on attracting remittances to the economy, today approved the first 53 investment projects from this year.

Thirty three out of those 53 companies accepted for non-refundable financing on behalf of the state are in phase of extending their activity and 20 businesses are startups. Most enterprises, 25, work in the agriculture sector, 16 businesses – in the services providing sector and 12 enterprises carry out their activity in the processing industry. Those 53 enterprises will contribute to the creation of 180 jobs. The businesses are placed in 22 districts; 44 of them will act in rural settlements and nine ones in Chisinau.   

Attending the event, a state secretary at the Economics and Infrastructure Ministry, Iuliana Dragalin, said that the government would further back the entrepreneurial support initiatives which bring value added to the national economy.

“The PARE 1+1 programme enjoys success among migrants and their relatives; the investments made by Moldovan migrants in the country’s economy since 2010 till present amount to one billion lei,’’ Dragalin noted.  

The PARE 1+1 programme has been implemented by ODIMM starting from 2010 and is aimed at mobilizing human and financial resources of Moldovans who work abroad for the sustainable economic development of Moldova. The programme works based on the algorithm 1+1, so that each leu invested from remittances is supplied by one leu in form on non-refundable grant on behalf of the state. The sum of the grant is up to 250,000 lei.