Results achieved by SMEs in 2016

The sales revenues of small and medium-sized enterprises (SMEs) last year came to 125 million lei, which is 41.5% of the total revenues in the economy. The SMEs numbered 51,600, an increase of 1,000 enterprises on 2015. These represent 98% of the total enterprises. The employees of SMEs in 2016 amounted to over 300,000 or 61% of the total number of employees in the national economy, IPN reports.

According to the Ministry of Economy, 40% of the SMEs worked in trade. These accounted for about 49% (61 million lei) of the total sales revenues of SMEs. The SMEs in the processing industry represented 8.5% of the total.

In 2016, 65% of the SMEs were situated in Chisinau municipality, 15% in the central districts, 12% in the northern districts, while 5% in the southern ones. The SMEs in Chisinau municipality reported sales revenues of 81 million lei (65%).

Throughout the implementation of the program to attract remittances to the economy PARE 1+1, the investments were financed with the support of the EU. The provided grants added up to 152 million lei, while investments in the economy totaled e about 550 million lei. Thus, each leu provided in the form of a grant generated about 3.6 lei invested in the economy. Of the total number of beneficiaries, 57% invested in agriculture, 24% in the service sector, while 19% in production.

The current ten business incubators host 144 companies that cumulatively employ 600 people. The turnover of these companies came to over 94 million lei on December 31, 2016.

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