Moldova Grants 22.3 Million Lei to Boost Businesses, Create Jobs

Moldova: 80 Businesses Receive 22.3 Million Lei in Grants to Boost Economy and Create Jobs Moldova's economy is receiving a significant boost with the distribution of 22.3 million lei in grants to 80 local companies. This initiative, supported by the Moldovan government and the European Union, aims to modernize businesses and stimulate job growth. The grant recipients represent diverse sectors, promising a wide-ranging positive impact. Cornelia Revencu, founder of a Stefan Voda-based pastry company, expressed her gratitude. "This grant will allow us to purchase a new slicing and packaging machine. It's a dream come true," she said, highlighting the importance of the funding for her family business and local employment. Vadim Codreanu, director of the Organization for Development of Entrepreneurship (ODA), emphasized the government's commitment to supporting small and medium-sized enterprises (SMEs). "This is an investment in your development," he stated, "a contribution of 30% to 50% to your investments." The ODA's support extends beyond financial aid, providing guidance and resources to ensure the success of the businesses. The initiative is expected to create over 300 new jobs across Moldova, generating significant economic growth and contributing to the overall prosperity of the country. This demonstrates a commitment to supporting local businesses and fostering economic development in Moldova.