Economy

24 May, 2026 / 19:30

/ 06 September, 2022

Small and medium-sized enterprises can benefit from state support for business re-tech

Agenția Informațională de Stat

Chisinau, 6 Sep. /MOLDPRES/- From August, small and medium-sized enterprises can benefit from non-refundable financial support worth up to 2 million lei (about 100 thousand euros) from the Organization for Entrepreneurship Development (ODA).

According to the government's communication and protocol department, the money is given to replace equipment and reduce production costs, so that companies can become more competitive with the help of funds provided by the state.

Bardar Bakery is one of the businesses that has benefited from several ODA grants past years. Director and co-owner of the company Victor Nistorica said that he bought a freezer and an electric generator from 2 million-lei-grant. "Thanks to this support we are in the process of total transformation. We have purchased newer and smarter machines with automated settings, more economical machines, which means less energy and gas consumption," the entrepreneur said.

ODA acting head Dumitru Pîntea said "the organization is in discussions with external partners to supplement the budgets of the grant programs, including for the modernization initiative, with resources from the EU Delegation or other donors".

This year, about 50 million lei were allocated for the re-technology and energy efficiency program. By late 2022, about 100 entrepreneurs will be supported from the resources.

Photo: Government

Comment

Latest News

Moldova to create emergency petroleum product stocks: decision approved by Government

Moldova and IMF reached agreement on new three‑year cooperation program

Moldovan green energy projects can receive funding of one million dollars

Moldovan deputy PM says more investment agreements to be announced at Moldova–EU investment conference

Moldovan Economic Development Ministry launches governmental programme “We Succeed,” to create simpler, more competitive business environment

Around 19 thousand tons of gasoline and diesel imported last week into Moldova

PHOTO // Spring Wine Vernissage in Chișinău brings together 66 wineries and over 500 wines

Moldovan authorities seek stricter rules against illegal constructions

Moldova, Ukraine strengthen energy cooperation, set priorities for preparing for next cold season

Republic of Moldova - EU investment conference scheduled for 4 June to be opened by President, European Commissioner and Prime Minister

Goods exports up by 10 percent in first three months of 2026: EU stays main market for Moldovan products

National Bank of Moldova: annual inflation rate to follow upward trend in 2026, afterwards to decline

Energy minister Athens says Moldova undergoing major transformation of its energy system

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

Moldovan PM visits settlements hit by heavy rains, flash floods from central district

Increased traffic at border in Moldova: authorities take measures to streamline traffic, come up with recommendations for travelers

PHOTO // Moldovan PM visits areas hit by torrential rains

VIDEO // Moldovan authorities step up operations amid torrential rains: over three thousand emergencies registered by 112 Service

Moldovan president calls for continuous efforts to address aftermath of heavy rains: authorities to assess damage, provide support where needed

European Night of Museums marked in Moldova: all museum institutions open doors with free entrance

Superior Council of Prosecutors comments on procedure of external evaluation of Moldova's Prosecutor General: decision adopted based on verified materials

PHOTO GALLERY // Reception dedicated to Azerbaijan’s Independence Day, captured by MOLDPRES

Azerbaijan, Moldova deepen partnership: messages of cooperation, mutual trust conveyed at reception in Chisinau

Rail traffic resumes after torrential rains in Moldova; trains continue moving to Chisinau

Energy Ministry announces emergency disconnections of 400 kV power lines; consumers stay supplied with electricity in Moldova

PHOTO // New opportunities for agricultural cooperation in Italy; Moldovan agriculture minister visits Agri-Food Center in Rome, company in region

Ambassador of Moldova to Norway presents letters of credence to His Majesty King Harald V

Three prosecutors fail external evaluation in Moldova; reports sent to Superior Council of Prosecutors

PHOTO // Moldovan energy minister participates in Istanbul Natural Resources Summit

PHOTO // Moldovan foreign affairs minister meets group of Chinese students learning Romanian

See more