Moldovan economics minister says authorities willing more accessible, cheaper loans, financing for small business

Chisinau, 11 June /MOLDPRES/ – The Minister of Economy and Infrastructure, Chiril Gaburici, has discussed with President of Romanian Commercial Bank, Sergiu Manea, and members of BCR Board the funding and lending of Small and mid – size enterprises (SMEs) and participation in some investment projects in more areas of national economy.

"We want to support SMEs in Moldova as to increase entrepreneurial activity on a large scale. In this sense, we want more affordable and more acceptable funding and lending for small business entrepreneurs with a low interest rate," said Minister of Economy and Infrastructure, Chiril Gaburici. He added that Government's objectives are aimed at setting a favourable investment climate, as well as conditions for development of the business environment, especially small business. The biggest challenge for SMEs is interconnection of small companies with large companies. Related to it, Executive aims to facilitate this communication, as to increase turnover of businesses and expand economic potential.

The President of BCR stated that the Romanian Commercial Bank is interested to participate in the investment projects of the national economy more actively and to find effective ways of applying instruments for financing business environment. Also, Sergiu Manea has reiterated that BCR supports reforms implemented by the authorities in the banking financial sector. At the same time, BCR Board members were interested in socio – economic evolution of Moldova and dynamics of growth of economy sectors, especially industrial, agricultural and investment.

In the context, parties analised the evolution of national economy in 2017 and first months of 2018, which shows a significant increase in GDP in 2017 by 4.5 per cent. Concerning foreign trade, it was mentioned that in January – March 2018 exports increased by 28.4 per cent and imports by 28.7 per cent. Over the same period, investment activity increased by 2.9 per cent due to increase in private investments, supported by increase of national economy, as well as increase of the investments financed from local public budgets. Similarly, industrial production increased by 6.4 per cent and agricultural one by 1 per cent.

(Reporter V. Bercu, editor M. Jantovan)