EU4BUSINESS IN THE REPUBLIC OF MOLDOVA

Over 97% of all businesses in the Republic of Moldova are SMEs. They are responsible for over 50% of all jobs and generate more than 30% of the country’s income. However, they find it hard to get finance and enter new markets. The Moldovan government has simplified legislation and administration to help SMEs prosper. EU4business programmes complement these efforts by improving access to finance, helping SMEs move into foreign markets and providing training to build up business skills. Specific technical help is available to Moldovan SMEs to make sure they can make the most of the country’s free trade agreement with the EU.

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At work in a textile factory in Moldova
Two new business clusters have been launched in the southern and northern regions of the Republic of Moldova, with the support of the European Union. They concern creative industries in Cahul and textile companies in Soroca, and offer the...

Success stories

manager of Biox Comerţ, Roman Balan
Although the Small and Medium-sized Enterprise (SME) sector is promising in the Republic of Moldova, the lack of investment is making it uncompetitive, and this means the economic growth that could be generated by the private sector is yet to materialise. Interest rates on commercial loans offered by banks are far too high for small businesses, and the repayment terms are too short, so the...
Whether in restaurants, our kitchens and bathrooms or large-scale businesses, tiles are everywhere in our daily lives. Chinese producers have discovered this opportunity and taken a significant market share in recent years. But European consumers have other options closer to home. Keramo Rosso produces its ceramic tiles in Taraclia, southern Moldova, in a factory which employs about 150 employees...
The Exporters ’ Academy was recently launched in the Republic of Moldova by the Moldovan Chamber of Commerce and Industry (CCI), so that Moldovan entrepreneurs could become familiar with the rules of exporting to the European market. As part of this initiative, the European Bank for Reconstruction and Development in April 2018 organised two trainings in cooperation with the CCI – one for beginner...