Two new business clusters have been launched in southern and northern regions of the Republic of Moldova with the EU’s support. The clusters cover creative industries in Cahul and textile companies in Soroca and offer the opportunity to bring businesses together to develop joint projects.
“Clusters help to develop the economic potential of regions, create new jobs, new products and new businesses,” said Gintautas Baranauskas, representative of the EU Delegation in the country.
The State Secretary of the country’s Ministry of Economy and Infrastructure, Iulia Costin, described clusters as a driver for economic development: “The multiplication of clusters in the regions will contribute to the acceleration of innovation-based economic processes and will support the development of priority sectors of the national economy, which have the potential to generate high added value.”
Support for the development of small and medium-sized enterprises (SME) is a key priority of the EU4Business initiative, which supports government efforts by improving access to finance, helping SMEs move into foreign markets and providing training to build up business skills.
