The program to attract remittances to the national economy PARE 1+1 that expires at the end of this month will be extended until 2021, IPN reports, quoting a draft decision proposed for public debates.
The obligation for the enterprises to have made profit during the past three years will be excluded from the eligibility criteria. So as to efficiently manage the financial resources allocated within the program, the regulations will be supplemented with a new paragraph - “Ineligible costs/goods” - that will include 15 categories of costs/goods that will not be financed as part of the program.
The medium-term budget framework for 2019-2021 and the sector strategy for developing the private sector and for financing PARE 1+1 for 2019-2021 envision the allocation of 40 million lei a year for co-financing about 480 businesses of migrant workers and/or their relatives of the first degree.
The Organization for the Development of Small and Medium-Sized Enterprises attracted foreign financial resources in the framework of the program “Support to SMEs in Rural Areas” that is financed by the EU Delegation to Moldova for implementing the PARE 1+1 program. A sum of €2.5 million was allocated for 2019-2021.
Thus, if the changes are approved by the Government, about 500 businesses could be additionally co-financed.
