Expanding Furniture Production for Stylish Comfortable Homes in Moldova

For over 20 years, Elite Decor, located in Chișinău, has been creating furniture with style and quality, delighting customers in Moldova. With its blend of attention to quality, unique design, as well as prompt installation the company has captured the attention and trust of its customers.

The company offers all types of built-in furniture, including kitchens, dining rooms, hallways, bedrooms, wardrobes, bookcases, offices and many others. Each project is carried out in accordance with individual customer wishes and preferences. In addition to its own production, the company also importers of a wide range of kitchen tables and chairs to complement its range.

To fulfil its aim of increasing its range of own production, the company invested EUR 50,000 in new processing equipment with increased production capacity, product quality, lower energy consumption and high health and safety parameters. To finance this machine upgrade, Elite Decor took a loan under the EU4Business-EBRD Credit Line, using the fast-track LET process. This process is particularly useful for companies investing less than EUR 300,000 in standard equipment included in the facility’s List of Eligible Equipment. No detailed technical assessments are required as all items listed were selected to fulfill the criteria of the EU4Business-EBRD Credit Line.

Apart from increased production capacity, the new equipment also uses less energy than the old machinery. Occupational health and safety are enhanced through a higher level of automation of the production processes.

After the successful implementation and verification of this project, the company received 10% of the loan value as an investment incentive, funded by the European Union.

With the implementation of this project, the company now meets several European standards, including:

• Machinery Directive (MD 2006/42/EC)
• Low Voltage and Electromagnetic Compatibility Directives (LVD 2014/35/EU)
• Eco-design Directive (2009/125/EC)

By using the simple fast-track process for small investments, Elite Décor reaped all the benefits: an easy loan application, assurance that the equipment selected from the List of Eligible Equipment is of good quality and more efficient, alignment with some important EU Directives and a 10% grant that effectively lowers the loan costs.