The surveillance committee of the program to attract remittances to the economy PARE 1+1 approved financing for 44 investment projects to the total value of 8.42 million lei. According to the Ministry of Economy, the investments are to attract 24.34 million lei to the economy. It is estimated that over 130 new jobs will be created, IPN reports.
Almost 70% of the applicants for grants intend to start or develop businesses in agriculture. Among other areas that are to be financed are animal breeding, development of beekeeping, breeding of purebred dogs, ostrich breeding, chinchilla breeding and others.
Almost 60% of the companies that will get grants are developing the business, while 43% are at the launch phase. Twenty three businesses are created by migrant workers who returned from abroad, while 21 are started by relatives of the first degree of migrants. 34% of the businesses are created and managed by young people, while 20% of these are run by women.
The PARE 1+1 program works based on the “1+1” rule according to which the state provides 1 lei for each leu invested from remittances.
