More than 300 female entrepreneurs from 20 districts were trained to diversify the activity, marketing and sale policies as part of the Business Academy for Women (BAW) Project. The activities were presented in a news conference that was held on July 30 to close the project launched at the start of last year, IPN reports.

Project manage Ana Sochirca said ten women who developed new business ideas during the training were chosen to benefit from non-reimbursable financing of €6,000 each. “These new businesses will help create jobs and introduce new products and services on the market of the Republic of Moldova, which could later be exported to the EU. They also support regional development,” stated Ana Sochirca.

The female entrepreneurs took part in a series of training seminars to realize their entrepreneurial potential by developing the business management skills. As a result of the training, there was created a platform of entrepreneurs who will exchange experience.

Attending the conference, secretary of state at the Ministry of Economy and Infrastructure Iulia Costin said the rate of women’s participation in business in Moldova is at 27%. The authorities aim to increase the rate. “We want to build a solid business climate in the Republic of Moldova so that competitive small and medium-sized enterprises are created and these cope with the competition from imported products that conquered our market and are cheaper,” she stated.

The Business Academy for Women Project was launched at the start of 2017 with the financial support of the EU as an instrument for improving the managerial skills of female entrepreneurs. It was implemented by the Organizations for the Development of the Sector of Small and Medium-Sized Enterprises in partnership with the International Center for the Promotion of Women in Business (ICAWB).