EU4Business aids creation and development of Business Hubs to improve the economic and social sector in Moldova
EU4Business has been assisting in the creation of Business Hubs, or business support centres, to boost Moldova’s economy since 2018. The purpose of these centres is to support small- and medium-sized enterprises (SMEs) in the region by providing various training and mentoring sessions, along with guidance and consulting.
The European Union is allocating over €300,000 to support new business start-ups and business development on both banks of the Nistru River.
The EBRD is lending €50 million to Moldova’s largest bank – maib – to reinforce its funding base in the challenging economic environment caused by the war on Ukraine. It will also enable maib to continue supporting the Moldovan economy, with a focus on private businesses.
The European Fund for Southeast Europe (EFSE) will provide a 7-year subordinated loan in Moldovan lei equivalent to €15 million to MoldovaAgroindbank (maib).
Apparel brands from Moldova and Belarus exhibited their wares at the Who’s Next and Première Vision trade fairs in Paris with the support of the Ready to Trade project being implemented by Centre for the Promotion of Imports from developing countries (CBI) and International Trade Centre (ITC) under the EU4Business initiative.