OREANDA-NEWS. April 27, 2011. To co-fund the business projects, over 6 million leis were allocated to double investments of the enterprises established by labor migrants or their relatives, who decided to invest the money earned abroad into a business, according to the Ministry of Economy’s press service.

The Deputy Prime Minister and Minister of Economy Valerii Lazar said migrants’ demand for getting such support from the state under the PARE 1+1 is high. Over half of the audience of the special courses carried out under the Program by the Small- and Medium-Sized Enterprises Development Organization have already submitted their applications for getting financing.

The Administrative Board of the PARE 1+1 evaluated results of the pilot project launched in 2010 and decided to continue to finance the Program within the available budget resources, according to the “first to come – first to be served” principle. Some additional funds will be found to replenish the PARE 1+1 budget.

“We will continue to support private initiatives and return of our citizens, working abroad. The priority will be given to projects in rural areas, enabling to create new work places in sectors, contributing to the growth of export, replacement of the imported production or in the area of services”, said Valerii Lazar. He urged the Small- and Medium-Sized Enterprises Development Organization to be as much flexible and transparent as possible when examining and approving projects for co-funding.

Under the pilot program PARE 1+1 launched at the end of 2010, 9 projects were financed at the expense of funds provided by the International Migration Organization. 57 projects have been presented for financing. PARE 1+1 aims to attract Moldovan labor migrants’ money transfers to the economy by providing them with information, consultations and administrative support to start up a business and by co-financing their investment projects. PARE 1+1 stipulates that Moldovan labor migrant and their first degree relatives will be receiving 1 leu from the government for each invested leu, earned by them abroad, provided that this money is used for establishing and developing an enterprise with private capital.