
Government creates new mechanism to support small and medium enterprises
Government has approved today the creation of a new mechanism aimed at boosting the development of small and medium enterprises and attracting private investments into the economy. The budget allocated for its implementation is 200 million lei over the next two years.
Thus, small and medium enterprises and tech start-ups will have access to funding for modernization, digitalization, exports expansion, and green transition.
The initiative will be implemented by the Organization for Entrepreneurship Development, with a budget allocated for the next two years amounting to 200 million lei.
“Companies in the Republic of Moldova want to grow and need investments to achieve this. Today we are discussing a first for the Republic of Moldova - the creation of the first Fund of Funds to support the growth of enterprises. Through this mechanism, we will mobilize private and institutional capital for the economy. Resources will be directed towards our entrepreneurs. The state will offer the so-called first-loss tranche to reduce investment risk. We plan to generate a multiplying effect, so for every public leu, at least 3 lei of private capital will be attracted. Through this project, enterprises will have real access to long-term financing and strategic partnerships for development. It is a visionary step through which we will consolidate competitiveness and move closer to EU economic standards,” said Deputy Prime Minister, Minister of Economic Development and Digitalization Doina Nistor said.
This mechanism, already successfully tested in countries such as Poland, France, or Estonia, aims to create a more competitive business environment and strengthen Moldova’s economy as it prepares for European Union accession.
The final beneficiaries are entrepreneurs who will invest in new technologies, create jobs, and bring added value to the national economy.
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