Over 250 Moldovan companies supported by BAS Moldova Program

Since the beginning of its activity in Moldova in 2005, the EBRD’s Business Advisory Services Program (BAS) has supported over 250 Moldovan SMEs operating in various sectors of the economy, such as agriculture, food processing, IT, retail trading, apparel industry. The total value of BAS assistance to Moldovan companies is close to €1.4 million, Info-Prim Neo reports, quoting a communique from the Program. The support offered by BAS Program to Moldovan SMEs includes assistance at identifying and defining enterprise business needs, cooperation in selecting the most effective local consultants to address specific business issues faced by enterprises and grant assistance. BAS Program is supporting beneficiary companies by reimbursing up to 70 percent of the consultancy project costs, with a limit of €10,000. Furthermore, BAS Moldova helps to boost the competitiveness of Moldovan SMEs by organizing specialized trainings and seminars with participation of high-level international experts. “SMEs are one of the key vehicles for the development of a healthy economy. Thus, it is very important to assist these companies in order to foster their competitiveness on the market,” said Veronica Arpintin, National Director of BAS Moldova. The EBRD’s BAS Program started operations in 1995 and has since undertaken about 9,500 projects in 22 countries, mobilizing close to €95 million in donor funding.