Support for local entrepreneurship: 41.7 million lei in grants for 61 companies in the Republic of Moldova
The Government of the Republic of Moldova, the European Union, and the World Bank, through the Organization for Entrepreneurship Development under the Ministry of Economic Development and Digitalization, have awarded 41.7 million lei in grants to 61 local companies. The total investment in the economy generated by these funds amounts to over 95 million lei.
Among the supported companies, 48 receive funding from the state budget, 11 are supported through European Union funds, and one investment project is financed by the World Bank.
The grants are distributed through three programs managed by the ODA. Under the Re-technology and Energy Efficiency Program, 44 companies will receive grants totaling 37.7 million lei, with estimated investments of 86.7 million lei in the national economy. These funds will be used for the acquisition of modern equipment and the implementation of sustainable energy solutions, such as installing photovoltaic panels and upgrading production lines.
Through the Women’s Entrepreneurship Support Program, nine companies will receive grants totaling 4.16 million lei. The implementation of these investment projects is expected to generate a total investment of 7.73 million lei in the economy. The funded initiatives aim to develop businesses in sectors such as milling, bakery and confectionery production, healthcare, and education.
Under the “Development of the Entrepreneurial Capacities of the Moldovan Diaspora 2” Program (D.O.M.D.E. 2), seven companies in the education, manufacturing, mental health, and tourism sectors will receive grants totaling 688,000 lei. These funds will facilitate estimated investments of 917,200 lei. The program is funded by the European Union and implemented with the support of the International Centre for Migration Policy Development and the Migration Partnership Facility, through ODA, Veneto Lavoro, and BRD.
At the event, Dumitru Alaiba, Deputy Prime Minister and Minister of Economic Development and Digitalization, emphasized the importance of this support for entrepreneurs:
“Entrepreneurs are the driving force of our economy, turning ideas into reality and directly contributing to the country’s progress. Today’s event is not just a celebration of your courage and determination but also proof that the Republic of Moldova has visionary people ready to invest and build a better future here, at home.
I thank you for the trust you have in the Republic of Moldova, for investing here, creating jobs, and contributing to the development of our economy. The government, alongside its partners, will continue to support entrepreneurs through funding programs, business-friendly policies, and measures that encourage innovation and economic growth,” stated Dumitru Alaiba.
Vadim Codreanu, Director of the Organization for Entrepreneurship Development, highlighted the impact of these funds on the entrepreneurial environment:
“The year 2025 begins with promising opportunities for Moldovan entrepreneurs. Through these grants, the Government, the European Union, and the World Bank provide essential resources for modernization, re-technology, and improving energy efficiency. We are confident that these investments will support the development of sustainable businesses capable of creating jobs and significantly contributing to the national economy,” stated Vadim Codreanu.
Throughout 2024, the Organization for Entrepreneurship Development facilitated grants for 595 companies, totaling over 250 million lei. Of this amount, nearly 179 million lei came from the state budget, while 54 million lei were provided by the European Union through the “EU for SMEs” project. The total investment value in the economy reached 532.4 million lei.
Additionally, the World Bank, through the Export Competitiveness and Internationalization Program for SMEs, supported 20 companies with nearly 8 million lei in funding.
Moreover, through the Digital Innovation and Tech Startup Support Program, 20 companies received non-reimbursable grants totaling 8.5 million lei, with financial support from the Ukraine-Moldova American Enterprise Fund, in partnership with the “Technologies of the Future” Project, funded by USAID, Sweden, and the United Kingdom.
