Livada Moldovei project urged fruit growers in the country to access funds for the renovation and rehabilitation of orchards.
Under the project, fiscal facilities, the application of the Zero VAT rate and import facilities are granted by exempting from the payment of taxes and customs procedures and excise duties on the import of machinery or services. Minimum amount of investment allocations is five thousand euros. The credit term is a maximum of ten years with a grace period of up to four years.
The project is funded by the European Investment Bank (EIB). The implementation began in 2016, and the financing contract between the Government of the Republic of Moldova and the EIB has a value of 120 million euros. (Moldpres/Business World Magazine)
