A significant portion of the 1.9 billion euros, promised by the European Union under the Economic Growth Plan, will be directed towards supporting local entrepreneurs. According to the Minister of Economic Development and Digitalization, Doina Nistor, the funds will contribute to increasing the budget of the Organization for Entrepreneurial Development (OED), the main tool through which the state supports small and medium-sized enterprises.
“We will provide much greater support for businesses through the ODA. This is our most important vehicle to support small and medium-sized enterprises. We want to support more businesses led by women, by young people. We have over a billion lei support through the ODA. This support will increase, this year we added 200 million lei to the ODA budget to expand the support programs,” declared Doina Nistor during the “Cutia Neagra” show on TV8.
The remainder of the funds will cover essential investments in infrastructure, education, and digitization, with the aim of modernizing living conditions and stimulating the national economy.
“When we talk about the Growth Plan, we are also talking about infrastructure such as roads, schools, hospitals, investments in universities, investments in digital infrastructure. All these investments will help us achieve a more developed social infrastructure, which is necessary for both citizens and the business environment. Companies also need roads, and employees need infrastructure in rural areas to stay there,” declared Doina Nistor.
The Minister mentioned that the loan granted by the EU has favorable conditions and is intended to accelerate essential investments for the country’s development.
“The interest rate of the loan is very advantageous for the Republic of Moldova and it is a long-term credit. Many countries are following this step because we need the money now and we want to invest it today, not in 10-20 years”, emphasized the Minister of Economic Development and Digitalization.
The European Parliament approved the Economic Growth Plan for Moldova on March 11, 2025, and established a pre-financing of 18% of the total, which is 315 million euros.
