Economy

14 May, 2026 / 16:55

/ 05 November, 2024

Around 100 Moldovan entrepreneurs to benefit from €10.7 million grant from Germany

Agenția Informațională de Stat

Chisinau, Nov 5 /MOLDPRES/- A grant worth 10.7 million euros, offered to the Republic of Moldova by Germany will be used to support the development of small and medium enterprises in our country. The Ministry of Economic Development and Digitalization (MDED) and the Organization for Entrepreneurship Development (ODA) have signed an agreement on implementation of the Project SME Development Facility of Moldova.

The document supplements the grant and draft agreement signed on March 11, 2024 between KfW, MDED and ODA, through which the Republic of Moldova will benefit from a non-reimbursable grant of up to 10.7 million euros from the Government of the Federal Republic of Germany through the German Development Bank (KfW) aimed at developing the local business environment.

According to the agreement, the funds are earmarked for two strategic directions. The grant of €10 million is earmarked exclusively for Moldova's Fund for Entrepreneurship and Economic Growth (FACEM), managed by ODA, to support the re-accreditation of Partner Financial Entities (PFEs), which will provide investment loans to small and medium-sized enterprises.

ODA director Vadim Codreanu said that the new SME development facility will provide small and medium-sized enterprises with access to financial resources, supporting them in expansion and consolidation.

Comment

Latest News

First electrified railway segment of Moldova, part of connection with EU; Deputy PM says segment strategic step towards modern, cheaper, more efficient transport

VIDEO // Moldova Presents exhibition to be staged in Brasov on June 27–28

Energy Minister at SolarPower Europe Summit: Solar and storage systems are now instruments of sovereignty, resilience and secure access to energy

Deputy Prime Minister about sugar market situation: We will hold discussions with all stakeholders

IMF team of experts coming to Chișinău

Giurgiulești–Cahul railway line fully operational

Salary arrears of employees of Moldovan Railways company fully paid off

IMF team of experts comes to Chisinau during May 7–20

Moldovan finance minister participates in EU Economic and Financial Dialogue in Brussels

Moldovan energy minister in Brussels says energy security no longer political promise, but system under construction

Moldova represented at annual high-level meeting of Economic and Financial Dialogue between EU and countries candidates for accession

PHOTO // Energy Minister approached regional energy security strengthening in Brussels

Moldova adopts North Carolina’s agricultural extension model to support local farmers

Opportunities of strategic investments presented at Moldova – EU Conference, held in Chisinau on June 4

President condemns massive drone attack on Ukraine

PHOTO GALLERY // Deputy Prime Minister discussed regional security and Transnistrian conflict with OSCE representatives

PHOTO // OSCE Secretary General in Chișinău: We are committed to strengthening efforts for comprehensive and peaceful settlement of Transnistrian conflict

Prime Minister in talks with OSCE officials

President to receive European Order of Merit: Ceremony planned for next week in Strasbourg

Parliament terminates another agreement with CIS

Drivers with vehicles registered abroad to be fined more easily in Moldova

PHOTO // Universul Cultural Center takes shape

Civil society invited to consultations with Parliament on decision-making process

Speaker urged Moldovans to support Satoshi in Eurovision final

Speaker invited citizens to event dedicated to International Day of Families

Eurovision 2026: Second semifinal takes place today

Moldova and Ukraine initialed new sanitary-veterinary certificates for poultry meat and feed

PHOTO // Moldovan athletes win two bronze medals at U-17 Wrestling Championships in Bulgaria

DOC // Road accidents to be recorded in single national register

On Europe Day, President reaffirmed Moldova’s commitment to EU accession

See more