SMALL AND MEDIUM ENTERPRISES IN GAGAUZIA - SUPPORTED BY FUNDING ORGANIZATIONS
Comrat, 4th of February 2016. The Governorate of Gagauzia and FinComBank brought together local and international financing institutions and small and medium enterprises (SMEs) in the region to present the opportunities of financing and developing the competitiveness of SMEs in the region. Thus, entrepreneurs of the Gagauz Yeri region became familiar with external sources of funding and other opportunities to improve competitiveness and business development. The Competitiveness Enhancement Project, funded by the World Bank, described the way in which SMEs can resort to funding, as well as the existing measures to enhance the competitiveness of SMEs. The EBRD BAS Moldova programme provided details about advisory support and support to small enterprises, in particular by co-financing consultancy services required for the development of SMEs. Also, IFAD Moldova presented business opportunities in rural areas and financial products designed specifically for SMEs.
"I think that SMEs require a special approach, particularly when talking about financial products and services intended for them, for their economic conditions are totally different compared to large enterprises. On the other hand, it is well known that SMEs are the engine of economic development of the country and provide jobs. I take this opportunity to thank the Governorate of Gagauz Yeri for the receptiveness shown to our initiative of gathering financiers and SMEs at the same table. Moreover, we, FinComBank, are proud of the outstanding success enjoyed by our customers in the