On May 17th FSEA organized a Business Breakfast with the Director of Moldova Investment and Export Promotion Organization(MIEPO) Mr. Vitalie Zaharia and FSEA members.
Liliana Busuioc, FSEA Executive Director, presented FSEA activity and members. Mr. Zaharia presented MIEPO mission which is to contribute sustainably to the economic development of the Republic of Moldova, by strengthening the competitiveness of companies that operate or plan to initiate activity in Moldova in diversifying markets. It is focused on export growth and development of investment projects. MIEPO is a public institution coordinating policy implementation for competitiveness, export promotion and investment attraction in Moldova and is financed from the public budget, though last year it obtained approx 2 mln EUR grants from EU to support agriculture and tourism sectors.
Its vision is to be a reliable and preferred cooperation partner for domestic and foreign investors in development projects that create jobs and grow exports. Also, there have been discussed MIEPO activities and the ways of supporting businesses. The main industries supported by the organization are ICT, textile industry, automotive, agriculture, and medicine. In the future, they are planning to open other sectors that will be supported. However, MIEPO supports any company that has a potential to export or create new jobs in Moldova.
The accent of discussion was related to small business more and how MIEPO can support SME’s from different industries. In this context, MIEPO can serve as “One stop shop” for entrepreneurs that want to open a business in Moldova. There they can find all the information they need from opening the business and ensuring its operational activity. In order to extend on foreign markets. SME’s can benefit also of the support of the Commercial Economy Bureaus, near the Moldovan Embassies opened last year in 11 countries in cooperation with MIEPO, Ministry of Economy and Infrastructure and Ministry of Foreign Affairs. Their role is to assist companies to find partners and extend in the countries they activate. Another way of support is through business associations where companies can benefit from 200.000 MDL grant to increase their competitiveness capacities. Members were active in addressing questions related to MIEPO support for exhibitions, support for organizing events and meetings that can expand their business on foreign markets, the situation with human resources in Moldova and the future plans.
Following to that meeting, FSEA and MIEPO will sign a memorandum of cooperation in order to offer a better support to SME’s that will lead to employment growth and increase of the export potential.
This event is a part of the project funded by a grant from the United States Department of State – A Stronger Voice for Small Businesses. The opinions, findings and conclusions stated herein are those of the author and do not necessarily reflect those of the United States Department of State.