Moldova's MSMEs, start-ups get 500,000 euro aid from Italy

The funds will be deployed through the Central European Initiative (CEI) by the EBRD, the bank said in a press release on Tuesday.

"MSMEs make up the majority of Moldova’s private sector, but they have faced a number of challenges since the start of the war on Ukraine, including transportation, logistics and supply chain disruptions, already exacerbated by Covid-19," the lender said.

Since starting operations in the country, the EBRD has invested more than 2 billion euro across 170 projects in Moldova’s financial, agribusiness, energy, infrastructure and manufacturing sectors.

($=0.917721 euro)