The program for attracting remittances into the economy PARE 1+1 will be extended until 2018, in accordance with a decision approved by the interim Cabinet.
PARE 1+1 was launched in 2010 as a pilot project. During five years, the participants – migrant workers or relatives of the first degree - were offered consultancy. These attended training courses, which involved 1,248 persons.
In the period, there were signed 581 non-reimbursable financing contracts with entrepreneurs that planned to make investments in different areas of the national economy. The project’s surveillance committee accepted applications for grants to the value of 91 million lei.
Within PARE 1+1, the state provides 1 leu for every 1 leu invested by the participant in the program, but not more than 200,000 lei per business. Since the launch of the project, the investments made in the economy came to 214 million lei. Each leu allocated within this program is to attract 3 lei investments into the national economy.
In 2011 – 2014, PARE 1+1 had been financially supported by the European Commission through the budget support intended for stimulating the economy in rural areas. Until 2018, the project will be also supported with European funds, namely with the money provided by the EU for implementing the Deep and Comprehensive Free Trade Agreement and the Association Agreement between Moldova and the EU.
