Seven entrepreneurs of Moldova to receive grants for promotion on foreign markets

Chisinau, 16 January /MOLDPRES/ - Seven entrepreneurs will access grants worth up to two million lei (100,000 euros) on behalf of the state for the promotion of products and services on foreign markets. The businesses were selected for financing within the Programme on Enhancement of Competitiveness of Small- and Medium-sized Enterprises (SMEs) and their Internationalization. The contracts on non-refundable financing were signed in Chisinau today.    

The overall value of investments, as a result of the implementation of investment projects, is of about 7.5 million lei, of which non-refundable financing is of about 3.8 million lei, with about 250 jobs maintained and created.  

The Organization for Entrepreneurship Development (ODA) said that  four out of all companies due to be financed worked in the rural environment and three ones – in the urban one. At the same time, five businesses work in the agro-food sector (production of teas and coffee; honey processing; fabrication of grape wines; fabrication of crackers  and sweet biscuits); one enterprise produces extendible ceilings and one company provides engineering and architecture services. They plan to extend their activity on new sales markets, such as: Romania, Belgium, United Kingdom, Germany, USA, Canada, Baltic Countries and South Korea.   

Among the entrepreneurs which signed contracts on the providing of financial support, there is also Leonid Margine from Nisporeni, the owner of a business specialized in the production, processing and sale of tea. ‘’Presently, our products reach shelves of shops from the United Kingdom, the Netherlands and Ireland. From the grant got from ODA, we are set to carry out a study for identifying new clients and partnerships in the Balti Countries and subsequently, placing our products on the market of these countries,’’ the entrepreneur said.  

Through the Programme on Enhancement of SMEs’ Competitiveness of and their Internationalization, entrepreneurs can benefit from non-refundable financing in form of business voucher (up to 100,000 lei) and a grant worth up to 2 million lei.   

Photo: ODA