Moldova fuels small business growth with €480,000 fund for new entrepreneurs
The National Employment Agency (ANOFM) has launched a strategic financial initiative to transition registered jobseekers into business owners. For 2026, the agency has earmarked €480,000 (9.45 million MDL) to subsidize the launch of new micro-enterprises across the country.
The program provides grants covering up to 80% of startup costs, including registration and essential equipment. Individual subsidies are capped at approximately €15,230 (300,000 MDL), representing 20 average monthly salaries in the national economy.
A judicial career takes a sweet turn
Maria Chiperi, a former judge, exemplifies the program’s impact. Upon completing her legal career, Chiperi registered as unemployed before securing a grant of over €10,150 (approx. 200,000 MDL) to open a professional bakery.
The funding allowed her to install industrial-grade electric ovens and proofing cabinets. "I initially considered providing legal assistance or translation services," Chiperi noted, "but the idea of combining those with a bakery became a compelling new path."
Economic ripple effects
The bakery has been operational for over a year and has already created jobs. Two shop assistants were hired directly through the National Employment Agency’s database, demonstrating the program's "double-impact" on the labor market.
One employee, Ana Timoș, joined the venture in October 2025. "I learned the craft quickly," she said, highlighting how these state-backed startups facilitate rapid skill acquisition for workers in the local community.
Strategic outlook for 2026
Zinaida Iordăchescu, a department head at the NEA, confirmed that the application process requires a robust business plan. While the program faced funding gaps in 2025, the 2026 budget reflects a renewed commitment to active labor market policies.
Eligible applicants must be at least 18 years old and registered as unemployed. The grants have already supported diverse sectors, ranging from legal consulting and tourism to beauty salons and food production.
Translation by Iurie Tataru
