Small businesses in Moldova will soon be able to bring their products and services up to EU standards, as the European Bank for Reconstruction and Development (EBRD) and EU are opening new funding opportunities.
The EBRD is providing a €5 million loan to the Chisinau-based subsidiary of Banca Comercială Română. The financing is provided within the EU4Business-EBRD credit line, which the EU supports with grants as part of its EU4Business initiative.
The funds will be available for investments to improve the products of Moldovan companies – both in the production process and for the quality of end products and services – in order to strengthen their potential to succeed in the EU market and with EU competitors.
Exporters must also meet EU standards in the areas of environmental protection, health and safety, and product quality and safety.
Find out more