On April 5th FSEA attended the EBRD launching of the first credit line that will enable small and medium-sized enterprises (SMEs) to take advantage of opportunities under the Deep and Comprehensive Free Trade Area (DCFTA) with the EU.
The EU4Business-EBRD Credit Line aims to help local SMEs to invest in improvements to their product quality and modernisation of their services to meet EU standards. The project will support the integration of the Moldovan economy into European markets.
Small and medium enterprises in all branches of the national economy can apply to Mobiasbanca – Groupe Société Générale, under the credit line EU4Business-EBRD Credit Line for attractive solutions and long-term financing for business development, investment in new technologies and equipment to meet EU standards, including:
- investment with a grant component from 10% to 15% of the contracted loan amount, payable upon completion of the investment project
- a wide range of purposes eligible for funding
- free technical assistance from leading companies in the fields of engineering and consulting in Italy
- independent advice to the project implementation, verification, certification and validation by the Allplan company
- The maximum amount which may be incurred by SMEs within EU4Business-EBRD credit line is 3 million Euro, a maximum term of 120 months.
The EBRD is the largest institutional investor in Moldova. Since the start of its operations in the country, the Bank has invested over €1.1 billion in more than 110 projects in Moldova’s financial, agribusiness, energy, infrastructure and manufacturing sectors.
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