Moldovan state provides opportunities of starting businesses to another 41 migrants

Chisinau, 14 April /MOLDPRES/ - The first 41 companies from 2022, launched by migrants or their first-degree relatives, will receive financing worth up to 250,000 lei on behalf of the state for starting and developing a business in Moldova. The investment projects submitted by Diaspora representatives today were approved by the supervision committee of the Programme PARE 1+1, managed by the Organization for Small- and Medium-sized Enterprises Sector Development (ODIMM).     

The overall sum of grants is of about 10 million lei and the volume of investments in the economy will stand at about 24 million lei. Thus, according to the forecasts included in the investment projects, those 41 companies will employ 150 people, of whom 70 young persons and 40 women.   

The ODIMM acting director, Dumitru Pintea, reaffirmed the institution’s commitment as to backing all people with entrepreneurial spirit to do business, including workers from the Diaspora. ‘’ODIMM supports economic agents at all stages of business development, providing them with consultancy, mentoring and non-refundable financing. At present, for the PARE 1+1 Programme, we continuously receive applications on registration and investment projects, in order to attract remittances into the national economy and support the return of migrant workers home,’’ Pintea said.       

The managers of those 41 companies selected for financing are migrants who work in over 15 states. Most of them are people who invest remittances got in Italy, Romania, the United Kingdom and Germany.

About 80 per cent of the companies beneficiaries of grants work in the rural environment, located in 23 districts of Moldova. Twenty one out of all requests for non-refundable financing work in the agriculture sector: cultivation of cereals, growing vegetables in greenhouses, processing vine plantations, fruit trees and animal husbandry.  

The PARE 1+ 1 programme on attraction of remittances to the economy has been implemented by the Organization for Small- and Medium-sized Enterprises Sector Development since 2010 and its goal is to mobilize human and financial resources of Moldovans who work abroad for the sustainable development of Moldova. The programme works based on the 1+1 algorithm, so that each Moldovan leu invested from remittances is supplied by one leu in grant. The sum of the grant is up to 250,000 lei. Beneficiaries of grants can be citizens of Moldova who work abroad and beneficiaries of remittances, first-degree relatives.       

Photo: ODIMM