An additional €2.5 million will be added to the Women in Business programme in the Republic of Moldova thanks to a new grant from the government of Sweden.
The Women in Business programme, implemented within EU4Business initiative by the European Bank for Reconstruction and Development (EBRD) helps female entrepreneurs to innovate through business advice, training, long-term coaching, mentoring and networking opportunities.
To help women transform and grow their businesses and make them more competitive, the EBRD is drawing on its network of international advisers and local consultants in such areas as strategy, marketing, operations, quality management, energy efficiency and financial management. Swedish funds will partly cover the cost that firms incur for these advisory services in Moldova.
Since 2011, the Women in Business programme has helped over 160 Moldovan women entrepreneurs to grow their businesses. An overwhelming majority have registered an increase in turnover, by an average of 140 per cent, within a year of completing advisory projects. More than half have increased their numbers of employees, creating almost 500 new jobs in total.
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