The committee for the surveillance of the program to attract remittances to the economy PARE 1+1 approved financing for 31 investment projects. The grant aid for these investment projects totals over 6 million lei, IPN reports.

Iulia Iabanji, head of the Organization for the Development of Small and Medium-Sized Enterprises, said of the total projects that will be financed, 29% belong to migrant workers who returned home from abroad, while 71% will be implemented by relatives of the first degree of migrant workers. “Of the projects approved for financing, 19 are businesses founded or managed by young people. Their implementation will contribute to the creation of about 130 new jobs,” stated Iulia Iabanji.

Nineteen businesses are started in agriculture to grow grains, vines, plants, animals and bees. Eight businesses will provide services, while four will work in the processing industry.

The analysis of the origin of remittances shows that 31 of the applicants for financing invest money earned in Italy, Russia, the UK, Ireland, Romania, Georgia, Spain and other states.

In 2016, there were approved 114 applicants for grant aid to the value of 22.35 million lei. This money will attract investments totaling over 68 million lei. In May – October 2016, there were trained 195 beneficiaries, including some of those who were admitted to the program the previous years.