Business information centers will be set up in eight districts in the development region South as part of the Southern Gate of Moldova Open to Promotion of Business and Investment Project that was launched on July 25. These will provide consultancy to about 30 entrepreneurs, IPN reports.

The eight districts are: Basarabeasca, Cahul, Cantemir, Causeni, Cimislia, Stefan Voda, Leova and Taraclia. Investment profiles and a portal to promote investment opportunities will be designed there.

According to the Ministry of Agriculture, Regional Development and Environment, the project’s activities will strengthen the capacities of providers of consultancy services working in the region so as to offer training programs and high-quality services for entrepreneurs and will enhance the competitiveness of SMEs by ensuring high-quality formation and consultancy services and by improving the institutional capacity to promote foreign investment in the region’s economy.

Head of the Operations Section of the EU Delegation to Moldova Aneil Singh in the launch said the project is a good example of regional cooperation for supporting the private sector, which directly contributes to achieving the European economic development and job creation objectives.

Head of Cimislia district Iovu Bivol reiterated that this initiative is an important step towards the economic development of the South region, including Cimislia district.

The Southern Gate of Moldova Open to Promotion of Business and Investment Project is financed by the EU as part of the initiative “Mayors for Economic Growth” and is implemented by the Cimislia District Council. The cost of the project is about €336,000 and the implementation period is 18 months.