Moldova: industrial output down in May 2023

The gross industrial output decreased by 7.4% YoY in May. Figures to this effect were unveiled by the National Statistics Bureau (BNS) on July 20. According to the quoted source, the gross industrial output reduced cumulatively by 6.4% since the beginning of this year. The drop of the production in January-May was triggered by the…

Moldova: 2,500 SMEs receive state support of 850 million lei

During the last year, the Ministry of Economic Development and Digitization, through the Organization for Entrepreneurship Development (ODA), offered financial support worth 850 million lei (42.5 million euros) to about 2500 small and medium-sized enterprises of Moldova. The money was given to entrepreneurs as grants, financial guarantees, interest compensation on loans or subsidizing the costs…