Moldova's Orchard project urges cereals' producers to access money from state to optimize businesses

Chisinau, 19 March /MOLDPRES/ - The Moldova’s Orchard Project today made a call to the cereals’ producers of Moldova to access funds for the renovation and rehabilitation of the business infrastructure.   

„Are you cultivator or processor of cereals? Do you want to buy agricultural technology and equipment or built facilities of depositing and processing of cereals? Do you have a Peasant Farm of an Ltd company registered? You can have money through the Moldova’s Orchard project, implemented by the Agriculture and Food Industry Ministry,’’ the quoted source noted.    

Under the project, fiscal facilities are provided, the Zero quota of the value added tax (VAT) is imposed and facilities at import are provided through the exemption from the payment of customs duties and procedures and excise duties at the import of equipment and services. Within the project, the minimal value of allocations for investments is of 5,000 euros. The term of crediting is of ten years at the most, with a grace period of up to four years.

The financer of the project is the European Investment Bank (EIB). The Moldova’s Orchard Project started being implemented in 2016 and the contract on financing between Moldova’s government and EIB has a value of 120 million euros.