Economic

Growing green: Moldova's business future

A momentous trilateral agreement between the Polish Development Bank, the European Union, and the Moldovan government injects €6.6 million into the nation's entrepreneurial landscape, empowering over 5,000 businesses to tackle crucial challenges like energy efficiency, green transition, competitiveness, and climate adaptation.

facebook.com/dumitru.alaiba
Sursa: facebook.com/dumitru.alaiba

Anchoring the initiative is a €5 million loan from the Polish Development Bank, bolstered by a €1.6 million grant from the European Union. This strategic collaboration underscores a shared commitment to Moldova's economic sustainability and resilience.

"This agreement empowers our enterprises to embrace the challenges and opportunities of the 21st century," emphasised Dumitru Alaiba, Moldova's Minister of Economy and Infrastructure. "These loans will fuel investments that drive competitiveness, foster energy efficiency, and create sustainable jobs – key pillars for Moldova's economic prosperity."

Janis Mazeiks, EU Ambassador to Chisinau, echoed this sentiment, highlighting the alignment with the European Union's economic and environmental goals. "This collaboration aligns perfectly with our commitment to sustainable development and empowering member states," he stated. "By facilitating access to finance, enhancing service development, and fostering a business-friendly environment, we aim to maximise our support for Moldova's growth."

The loan terms themselves are designed to incentivize entrepreneurial participation:

This tripartite collaboration has the potential to propel Moldovan businesses onto a thriving path by bolstering competitiveness, environmental consciousness, and sustainable practices. The influx of accessible capital opens doors for innovation, job creation, and an enhanced international profile, ultimately paving the way for a more prosperous and environmentally responsible future for Moldova.

Translation by Iurie Tataru

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