Small and medium enterprises in the Republic of Moldova will have access to a low-interest credit fund, supported by the state. The regulation on the activity of the Fund for Entrepreneurship and Economic Growth of Moldova (FACEM) was published on March 14 in the Official Journal.
Through this new program, businesses in strategic and priority areas of the national economy will have easier access to business financing with potential for growth and development, respectively, jobs will be created and maintained.
FACEM will be organized as an internal subdivision within the Entrepreneurship Development Organization. The government decision on approving the Regulation entered into force with the publication in the Official Journal of the Republic of Moldova.
The FACEM fund will be financed from the state budget and from the sources of development partners and will give entrepreneurs access to low-cost financing. The state contribution for 2022 is worth 70 million lei (3.5 million euros). During the following years, additional use is expected of about 2.77 billion lei (year 2023 – 450 million lei; year 2024 – 1 billion lei and year 2025 – 1.32 billion lei). (Moldpres/Business World Magazine)
