The Government of Moldova, the European Union, and the World Bank Group have awarded grants totaling 24.7 million lei to 66 Moldovan companies. The funding will stimulate nearly 44 million lei in investments and create around 500 new jobs.
Companies will use the grants to acquire modern equipment and optimize production, increasing competitiveness and productivity. The Organization for Entrepreneurship Development (ODA), in partnership with the Ministry of Economic Development and Digitalization (MDED), managed the programs through which the grants were awarded.
Grant Breakdown:
- The Government of Moldova granted 7.77 million lei to 26 companies.
- The European Union provided 4.2 million lei to 20 companies.
- The Government and the World Bank Group awarded 12.74 million lei to 20 companies under the Local Producers Competitiveness and Integration into Value Chains Programme.
During the announcement, Deputy Prime Minister and Minister of Economic Development and Digitalization Doina Nistor said the government aims to build an economy based on added value, technology, and innovation.
FOR THE MOST IMPORTANT NEWS, FOLLOW US ON TWITTER!
“These grants show our commitment to supporting entrepreneurs. When we invest in businesses, we create jobs, keep families together, and strengthen communities,” Nistor said.
Adam Grodzicki, Deputy Head of Cooperation at the EU Delegation to Moldova, highlighted the long-term benefits Moldova could gain from future EU integration.
Aureliu Casian, Executive Director of the World Bank’s Competitiveness Enhancement Project Implementation Unit, noted that World Bank investments help companies become more efficient and export-ready.
ODA Deputy Director Nina Potînga reaffirmed the agency’s dedication to supporting entrepreneurship:
“Entrepreneurs are the true engine of development, and we will remain their trusted partner.”
The ODA Program Impact in 2024
Since the beginning of 2024, ODA programs have granted 194 million lei to 471 companies, generating over 383 million lei in planned investments.
- Two hundred ninety-three companies received funding from the state budget.
- The 147 companies received EU support through the EU for SMEs project.
- The 24 companies received support from the Government–World Bank program.
- Seven companies received funding through the EU4Moldova: Local Communities program, implemented by GIZ, ADA, and SFPL, and funded by the EU and the governments of Germany, Austria, and Poland.