The Ministry of Economic Development and Digitalization announces the launch of the first state aid mechanism aimed at stimulating investments in the industry of the Republic of Moldova. According to Minister Dumitru Alaiba, the goal is to catalyze the growth of the industrial sector by providing financial support to companies that invest in business expansion and development, IPN reports.

The mechanism will be implemented in 2025-2036, with the possibility of extension. The state will refund 60% of the investment. 75% of the amount will be allocated in the form of exemptions of 50% of the income tax and 25% – in the form of grants.

"We have a plan, we have solutions that will help our economy not only to overcome the current challenges, but also to grow, to become stronger, more resilient, more diversified, ensuring a better life for our people," said Minister Dumitru Alaiba.

The total budget for the next 10 years is at least 2 billion lei, with the possibility of expanding it in case of higher demand. By 2036, total investments of at least €500 million are forecast in priority sectors.

Companies that make a new investment to the value of at least 10 million lei in the sectors of the manufacturing industry are eligible.

Starting with January 1, 2025, all those interested can submit the application file to the Ministry of Economic Development and Digitalization.