EU and European Bank for Reconstruction and Development increase support for small businesses in Moldova

EU and European Bank for Reconstruction and Development increase support for small businesses in Moldova

February 4, 2021

The European Bank for Reconstruction and Development (EBRD) will provide a €15 million loan to ProCredit Bank to ease access to finance for micro, small and medium-sized enterprises in Moldova within the EU4Business-EBRD credit line. The new financing, supported by European Union funds, will help companies to become more green and competitive, and seize new export opportunities.

The financial package will allow businesses to invest in the modernisation of their equipment and production processes to EU standards in product quality, health and safety measures and environmental preservation despite the COVID-19 crisis. Ensuring high product standards allows companies to become more export-oriented and trade their goods widely, while also making them more competitive on the local market.

The EBRD is one of the largest institutional investors in Moldova. To date, it has invested around €1.42 billion in more than 140 projects in the country to support private businesses and key infrastructure and to build a greener and more sustainable economy.

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