EBRD and EU unlock fresh funding for SMEs in Moldova

EBRD and EU unlock fresh funding for SMEs in Moldova

    • €5 million loan to Mobiasbanca-OTP Group to boost SME growth
    • EU grants complement EBRD loans as part of EU4Business-EBRD credit line
    • On-lending for local companies to upgrade to EU standards

Small and medium-sized enterprises (SMEs) in Moldova are to benefit from greater access to finance as the EBRD and the European Union (EU) unlock fresh funding.

The EBRD is providing an additional €5 million loan to Mobiasbanca-OTP Group for on-lending supported by EU grants under the EU4Business-EBRD credit line. The new loan to Mobiasbanca complements two previous ones of €10 million and €20 million since the launch of the programme back in 2016.

The joint financing programme supports Moldovan companies to boost production locally and trade more successfully on the European market. By investing in better equipment and meeting EU standards, the companies are able to improve the working conditions of their employees, environmental sustainability and offer goods and services of better quality at home and abroad.

To date, the EU4Business-EBRD credit line has provided more than €65 million to five local partner banks for on-lending with over 230 businesses already benefiting from the programme.

Angela Sax, EBRD Head of Moldova, said: “We are delighted to be joining forces with the EU and Mobiasbanca once again and meeting growing demand from local companies. Access to finance is critical for business growth, and it becomes even more important today as we stand ready to help companies weather the economic impact of the global coronavirus pandemic.’’

Peter Michalko, Ambassador of the European Union to Moldova said: “I would like to highlight the EU’s commitment to support the SMEs, as a key element for inclusive economic development, because Moldova’s economic success depends largely on the growth of small and medium-sized enterprises. Difficulties in accessing finance are one of the main obstacles obstructing the growth of SMEs, especially during this difficult time. The EU4Business-EBRD credit line is one of the EU instruments which will contribute to limiting the economic consequences of the Covid-19 outbreak and it includes loans, grants and technical assistance. These additional resources will help the companies from Moldova to increase their competitiveness and to take advantage of the opportunities provided by the Deep and Comprehensive Free Trade Area (DCFTA).”

László Diósi, Chairman of the Executive Committee – CEO, Mobiasbanca-OTP Group commented: “We thank EBRD partners for again trusting Mobiasbanca-OTP Group to offer the €5 million loan to be able to assist local companies during this period. This on-lending is supported by EU grants for clients under DCFTA.  It is timely financial support for our customers; as many companies are now experiencing uncertainty. The available funds will provide a perspective on development plans and confidence in the future.”

The EBRD is the leading institutional investor in Moldova. Since the start of its operations in the country, the Bank has invested over €1.3 billion in 134 projects in Moldova’s financial, agribusiness, energy, infrastructure and manufacturing sectors.

Towards High Quality and Resource Efficient Printing

Towards High Quality and Resource Efficient Printing

SRL Canpas Cop was founded in 2002 in Chisinau. The main activity of the company is to produce color labels of any shape and complexity on plain and self-adhesive paper, polypropylene and any other material compatible with flexographic technology. With the aim of raising its production quality while improving environmental compliance and health and safety of the workforce the company invested in upgrading its machinery.

The new machinery consumes less energy and also reduces wastes that normally occur in printing processes. It also conforms with the Health and Safety aspect defined by the European Union. The implementation of the investment will ensure the highest level of safety.

The investment was financed with a EU4Business-EBRD Credit line loan and the company received free-of-charge technical support from the team of international experts or the optimization of the investment.  After the successful project verification SRL Canpas Cop received 15% of the loan amount as a grant cashback, funded under the EU4Business initiative of the European Union.

With the investment, the company now meets a wide variety of European standards, including:

    • Directive 2006/42/EC on machinery, and amending Directive 95/16/EC (recast)EN 1672-2 (2009) food processing machinery – Basic concepts – part 2: hygiene requirements
    • Directive 2014/30/EU on the harmonisation of the laws of the Member States relating to electromagnetic compatibility (recast) Text with EEA relevance
    • Directive 2014/35/EU on the harmonisation of the laws of the Member States relating to the making available on the market of electrical equipment designed for use within certain voltage limits
    • Directive 89/391/EEC introducing the Measures to Encourage Improvements in the Safety and Health of Workers at Work
    • Directive 89/391/EEC introducing the Measures to Encourage Improvements in the Safety and Health of Workers at Work
    • 2003/10/EC – Minimum health and safety requirements regarding the exposure of workers to the risks arising from physical agents (noise)

Clinic reaches Eu treatment standard

Clinic reaches Eu treatment standard

The company MedPharmConsult SRL has been providing medical services at the two sites of its Terramed clinic since 2011. The clinics have always provided high-level medical services with highly trained staff and modern equipment, offering a comprehensive range of medical and dental treatments for adults as well as children.

The company upgraded key equipment in one of the clinics to increase the intervention precision as well as to improve its occupational health and safety standards.  The investment allows the company to offer medical services and working conditions compliant with local as well as EU standards. After the successful project verification the company received 15% of the loan value as a grant incentive, funded under the EU4Business initiative of the European Union.

With the investment, the company now meets a wide variety of European standards, including:

    • Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC 

    • Directive 2013/35/EU of The European Parliament and of the Council on the minimum health and safety requirements regarding the exposure of workers to the risks arising from physical agents (electromagnetic fields) (20th individual Directive within the meaning of Article 16(1) of Directive 89/391/EEC) and repealing Directive 2004/40/EC 

    • Directive 2013/59/Euratom – protection against ionising radiation of 5 December 2013 laying down basic safety standards for protection against the dangers arising from exposure to ionising radiation, and repealing Directives 89/618/Euratom, 90/641/Euratom, 96/29/Euratom, 97/43/Euratom and 2003/122/Euratom 

    • Directive 2014/35/EU of the European Parliament and of The Council of 26 February 2014 on the harmonisation of the laws of the Member States relating to the making available on the market of electrical equipment designed for use within certain voltage limits 

    • Directive 2006/42/EC of the European Parliament and of The Council of 17 May 2006 on machinery, and amending Directive 95/16/EC (recast) 

    • Directive 2014/30/EU of the European Parliament and of The Council of 26 February 2014 on the harmonization of the laws of the Member States relating to electromagnetic compatibility (recast) 


Directive 2014/68/EU on the harmonisation of the laws of the Member States relating to the making available on the market of pressure equipment (recast)

SRL“Regina Naturii” improves its leadership in the honey market

SRL“Regina Naturii” improves its leadership in the honey market

SRL“ Regina Naturii ” was founded in 2014 as an apicultural company. Since 2016 the main activity of the company revolves around processing and exporting of honey. With a loan from EU4Business-EBRD Credit Line, SRL“ Regina Naturii ” invested in a honey heating room, raw material deposit and in vehicles for transportation of raw material and final products.

The main goal of the company was to increase competitiveness, product quality, environmental protection through improvements of the production and administrative building and purchase of new vehicles designated for raw material and final product transportation, as well as better honey processing and storage.

After the successful project verification the company received 15% of the loan value as a grant incentive, funded under the EU4Business initiative of the European Union.

Invested in:
  1. Honey production process:
    • Honey heating room
    • Raw material deposit
  1. Transportation of raw material and final products:
    • Dacia Dokker VAN x2
    • Ford Transit Van 350 LWB.
  1. Auxiliaries:
    • Waste water treatment plant Topas 50
    • Trailer for bee hives
    • Power supply system and other
  1. Auxiliaries:
    • Loan Amount: EUR 323,000
    • Grant Amount (15%): EUR 48,450

EU Directives met:

    • Regulation (EC) No 1935/2004 on materials and articles intended to come into contact with food;
    • Council Directive 2001/110/EC of 20 December 2001 relating to honey
    • EU Regulation 2023/2006 on good manufacturing practice for materials and articles intended to come into contact with food”.
    • EN 1672-2 (2009) food processing machinery – Basic concepts – part 2: hygiene requirements;
    • ISO 22000 Food safety management systems. Requirements for any organization in the food chain
    • Directive 2006/42/EC on machinery, and amending Directive 95/16/EC
    • Directive 2014/35/EU relating to the making available on the market of electrical equipment designed for use within certain voltage limits
    • Directive 2014/30/EU relating to electromagnetic compatibility
    • Council Directive 91/271/EEC of 21 May 1991 concerning urban waste-water treatment

„REPROMED SRL“ invests in latest medical equipment offering highest standard medical services in Moldova

„REPROMED SRL“ invests in latest medical equipment offering highest standard medical services in Moldova

REPROMED Medical Center is a privately owned Clinic founded in 2012, specialized in diagnostic and treatment of reproductive disorders. In 2018 REPROMED started the construction of a new medical center, which aims to offer the highest standard medical service to people (local and from neighbouring countries). In order to equip the new medical center to cater for the best services to patients, the owners decided to purchase new equipment and relevant accessories with support of the EU4Business-EBRD Credit Line.  With this investment, REPROMED has become fully compliant with corporate requirements and applicable EU Directives. In addition to the new equipment, the Company is going to set management standards, thus improving service quality and occupational health and safety standards across the organization. After the successful project verification, the company receives 15% of the loan value as a grant incentive, funded under the EU4Business initiative of the European Union.

Invested in:

    • XRAY, Floor plate & Affiniti 70 by Philips Medical Systems
    • Sterilclave90 by COMINOX
    • Colonoscope by Pentax Medical
    • Fibro gastroscope by Pentax Medical
    • Mammography 

Invested Volume:

    • Loan Amount: EUR 569,502.30
    • Grant Amount (15%): EUR 85,425

Eu Directives met

    • Directive 93/42/EEC concerning medical devices
    • Directive 2013/35/EU of The European Parliament and of the Council on the minimum health and safety requirements regarding the exposure of workers to the risks arising from physical agents (electromagnetic fields)
    • Directive 2013/59/Euratom – protection against ionising radiation of 5 December 2013 laying down basic safety standards for protection against the dangers arising from exposure to ionising radiation, and repealing Directives 89/618/Euratom, 90/641/Euratom, 96/29/Euratom, 97/43/Euratom and 2003/122/Euratom
    • Directive 2014/35/EU of the European Parliament and of The Council of 26 February 2014 on the harmonisation of the laws of the Member States relating to the making available on the market of electrical equipment designed for use within certain voltage limits
    • Directive 2014/30/EU of the European Parliament and of The Council of 26 February 2014 on the harmonization of the laws of the Member States relating to electromagnetic compatibility (recast)

EBRD and EU open new funding opportunities for SMEs via BCR Chisinau

EBRD and EU open new funding opportunities for SMEs via BCR Chisinau

  • New €5 million loan to BCR Chisinau
  • Funds provided under EU4Business-EBRD credit line to boost trade with European Union
  • Investments to finance upgrades of local businesses to EU standards

Angela Sax, EBRD Head in Moldova, said: “Moldovan businesses face strong competition both on the EU market but also domestically, where they need to keep pace with foreign companies. Upgrading standards and improving the quality of products and services will help them become more competitive. The EBRD is delighted to continue making funds available to help Moldovan firms raise the bar at home and abroad.”

Juan Luis Martin Ortigosa, the CEO of BCR Chisinau, commented: “Thanks to this agreement with EBRD, BCR Chisinau will offer its SME customers a tool for implementing new investment projects which will contribute to improving their competitiveness in the local and international markets”.

Small businesses in Moldova will soon be able to improve products and services to European Union (EU) standards, as the EBRD and EU are opening new funding opportunities to upgrade firms’ operations.

The EBRD is providing a €5 million loan to the Chisinau-based subsidiary of Banca Comercială Română, or BCR. The financing is provided within the Error! Hyperlink reference not valid., which the EU is supporting with grants as part of its EU4Business initiative.

The funds will be available for investments to improve the products of Moldovan companies – both in the production process and for the quality of the end results – so as to strengthen their potential to succeed in the EU market and with EU competitors. Exporters must also meet EU standards in the areas of environmental protection, health and safety, and product quality and safety.

The Association Agreement signed between Moldova and the EU, which entered into force in July 2016, provides Moldovan producers with access to the EU’s single market. To make full use of the opportunities under the Deep and Comprehensive Free Trade Agreement (DCFTA), local producers need to take steps to improve their competitiveness, for instance by upgrading their technology and equipment.

The EBRD is supporting these efforts with its EU4Business-EBRD credit line, which is available in GeorgiaMoldova and Ukraine. Through partner financing institutions such as BCR Chisinau, the credit line helps businesses to become more competitive and upgrade their product and service standards, thereby facilitating trade with the EU market. The EU supports this project as part of its DCFTA Facility for SMEs.

The EBRD is the largest institutional investor in Moldova. Since the start of its operations in the country, the Bank has invested close to €1.3 billion in more than 120 projects in Moldova’s financial, agribusiness, energy, infrastructure and manufacturing sectors.

Participation of the EU4Business – EBRD Credit Line in Moldova Eco Energetics

Alinierea la directivele UE ca la unele beneficii foarte atractive - de exemplu reducerea costurilor de energie, reducerea emisiilor de carbon ... sunteți pregătiți pentru a reduce consumul de energie și pentru comerțul cu Europa?

La data de 16 octombrie 2018 Linia de Creditare EU4Business-BERD a participat la workshop-ul ”Instrumente de finanțare în domeniul eficienței energetice” organizat de Agenția pentru Eficiență Energetică. Evenimentul a avut loc în cadrul Zilelor «Moldova Eco Energetică», ediția a opta, care s-a desfășurat la Chișinău în perioada 15 – 18 octombrie. La workshop au participat experți naționali și internaționali care au prezentat mecanismele de finanțare accesibile în Republica Moldova, pentru inițierea, lansarea și dezvoltarea unei afaceri în sectorul energiei verzi. Printre ei si Managerul de proiect al Linei de Creditare EU4Business-BERD în Moldova Giovanni Vaccari a prezentat un program unic de finanțare pentru companiile din Republica Moldova,  care doresc să implementeze proiecte de eficiență energetică și energie regenerabilă, și în același timp să se alinieze la directivele UE.

IM RoofArt SRL– Rainwater Systems

IM RoofArt SRL– Rainwater Systems

RoofArt offers a wide range of rainwater systems and metal tiles in Republic of Moldova. roof drainage systems are designed to directed the atmospheric precipitation (rain or snow) from the top of the roof surface towards the soil or the drainage system. Founded in 2009, the company’s production facilities are housed in two factory buildings, located on a 3000m2 area. Using the easy LET process, the company upgraded its production, fully aligning the products with EU standards. This will allow the company to increase its exports to EU markets while also decreasing its per unit production cost.

Investment Volume:

  • Investment Cost: EUR 286,400
  • Loan amount: EUR 286,400
  • Grant amount (10%): EUR 28,640

Invested in:

  • Profiling & cutting sheet metal profile
  • Storey Line PROFILES
  • Roll forming line

EU Directives met:

  • 2006/42/EC Machinery Directive,
  • 2014/35/EU relating to the making available on the market of electrical equipment designed for usewithin certain voltage limits
  • 2014/30/EU Directive 2014/30/EU relating to electromagnetic compatibility (recast).
  • Regulation (EU) No 305/2011 laying down harmonised conditions for the marketing of constructionproducts and repealing Council Directive 89/106/EEC

Salviana SRL invests in modern packaging machine – increases the product quality and meets several EU regulations

Salviana SRL invests in modern packaging machine – increases the product quality and meets several EU regulations

“Salviana SRL” is engaged in wood processing and produces cardboard boxes/packaging for fruit and vegetable.  Fruit and vegetables for Moldova have great potential for export market development.  But fruit and vegetables also have to meet strict EU regulations.  Not only the produce itself, but also its packaging.  The company Salviana invested in modern packaging machine, which increase the product quality, health and safety of employees and the company’s productivity. With this investment the company moves closer to fulfilling EU directives on packaging and can also support its own clients in Moldova to supply their produce in compliant packaging.  The company followed the simple LET process for standard technologies.  After the successful project verification the company receives 10% of the loan value as a grant incentive, funded under the EU4Business initiative of the European Union.

Invested Volume:

    • Loan Amount: EUR 50,400
    • Grant Amount (10%): EUR 5,040

Invested in:

    • T3 model packaging machine

EU Directives met:

    • 2014-35 of the European Parliament and of the Council of 26 February 2014 on the harmonisation of the laws of the Member States relating to the making available on the market of electrical equipment designed for use within certain voltage limits
    • 2006-42 on machinery, and amending Directive 95/16/EC (recast)