First state aid scheme for industrial investment available for Moldovan businesses

Chisinau, Jan 3 /MOLDPRES/- Companies developing business in the manufacturing industry can apply for the first state aid mechanism, launched for the first time in our country, which means that the state will refund up to 60 percent of the value of investments made. The Ministry of Economic Development and Digitalization has released a guide explaining step by step how entrepreneurs can benefit from the support.

"As promised a few weeks ago, the state aid mechanism for investment is ready to support businesses that want to grow here at home. We have also prepared the Applicant's Guide - a simple tool that explains step by step how you will benefit from this support," Deputy Prime Minister, Minister of Economic Development and Digitalization Dumitru Alaiba said.

The new mechanism will support companies that will invest in areas such as the electronics industry, the chemical and pharmaceutical industry, the automotive machinery and components manufacturing industry, the textile and clothing industry, the construction materials industry, and the food industry.

Eligible businesses can invest in modernizing production processes, expanding existing capacities or developing new production units, all of which contribute to increasing the competitiveness and development of the local economy.

The total budget of the scheme for the next 10 years is at least 2 billion lei, and the authorities estimate total investments of at least €500 million in priority sectors by 2036.

To receive support, companies must meet several eligibility criteria. One of them is that the investment must be a new one, specifically in manufacturing sectors. Its value must be at least 10 million lei.

The applicant's guide can be found here.