Implementation period of Program 373 to be extended

The implementation period of the government program 373 has been extended by late 2028. The decision was approved today by the Government to provide the business environment with a clearer and more predictable medium-term planning framework.

Deputy Prime Minister, Minister of Economic Development and Digitalization Doina Nistor said at the cabinet meeting that access to funding is extremely important for our entrepreneurs to be able to make investments in their enterprises.


"By the Government's decision, we are extending the implementation period of program 373 until the end of 2028, which will provide the business environment with a clear, stable, and predictable framework for medium and long-term investment planning. Additionally, we are implementing technical adjustments to expedite the evaluation and acceptance process of investment projects more quickly and efficiently," explained Doina Nistor.


According to the project's explanatory note, the need to extend the implementation period of the Program stems from the favorable impact observed on the level of investments made by the SME sector, in the context of a predictable medium-term financing cost.


"A well-paid job serves as the best social insurance for the future, and that is our objective, to stimulate investments that bring well-paid jobs," declared Prime Minister Dorin Recean.


Entrepreneurs will be able to combine the 373 credits with other forms of financial and non-financial support from the Entrepreneurship Development Organization.

According to statistics, so far, through the Program, over 840 entrepreneurs have accessed 1,170 preferential loans totaling 3.6 billion lei. The financing generated investments in the economy of over 5.2 billion lei, productive investments that support jobs. Most investments have been made towards the production and supply of energy, accounting for 41% of total investments through program 373, the manufacturing industry 16%, as well as transport and storage 14%.

The 373 program aims to ensure access to finance for small and medium enterprises for investment projects by partially compensating the interest rate on investment loans offered by banks in the Republic of Moldova. The interest rate is compensated by the state through FACEM within the Entrepreneurship Development Organisation (ODA).