Management board of investment-attraction programme approves 20 projects
The management board of the PARE 1+1 programme for attracting remittances from abroad to Moldova's economy approved 20 investment projects for various Moldovan regions.
Over 6 million lei (over 350,000 euros) has been earmarked to co-finance the projects, which allowed doubling the investments made by the enterprises founded by migrant workers and their relatives.
According to the Economics Ministry's public relations and protocol service, Deputy Prime Minister Valeriu Lazar, who is also the chairman of the management board, stressed that their there is a big demand from migrant workers. He noted that more than a half of the beneficiaries of specialized courses carried out by the Organization for the Development of Small and Medium-Sized Enterprises (ODIMM) within PARE have already applied for financing.
"We will continue backing the private initiatives and the return of the Moldovan citizens working abroad. Priority will be given to rural businesses, which create new jobs and which may help increase the exports, replace the imported goods or services," Lazar said.
Nine businesses were financed in 2010 within the PARE 1+1 pilot project from funds given by the International Organization for Migration. At present, 57 financing applications have been submitted in all.
Launched in 2010, the PARE 1+1 programme is set to attract remittances from Moldovan migrants working abroad to the economy, by providing informative, consultative and administrative support in order to start businesses, as well as by co-financing their investments, the Economics Ministry's public relations and protocol service said.
Moldpres
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