In Moldova the Organization of Small and Medium Enterprises Development will be created.
The corresponding decision was taken at the session of the government on Wednesday by the initiative of the Ministry of Economy and trade. The new organization is called to replace Fund of business support and small business development. Reorganization of the fund is stipulated by its insolvency due to the absence of powers for continuation of state policy in the field of support and development of small and medium enterprises’ sector. The main targets of Organization of small and medium enterprises development will be as follows: development of production capacities of small and medium enterprises and increase of their competitiveness, facilitated access to financing, development of business spirit, development of dialogue between state and private sector. The organization will cooperate with nongovernmental organizations, private companies, financial institutions, international organizations rendering technical assistance, financial and consulting support to small and medium enterprises. In 2007, 3 mln. leis will be allocated from the state budget for small and medium enterprises support or 1 mln. leis more than in 2006. It is planned that creation of this organization will provide efficient use of means.