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Today: 07.02.2012
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Authorization
Competitiveness Enhancement Project – CEP

Competitiveness Enhancement Project – CEP


 

Financing provided to enterprises engaged in any economic sector for investments and for increasing their circulating assets provided that funds shall be directed towards the production of goods for export..

The beneficiaries eligible for receiving sub-loans are legal entities and physical persons, which:

  • Practice an entrepreneurial activity for at least 2 years;
  • Enterprises with private capital of minimum 75%;
  • Enterprises registered on the territory of the Republic of Moldova;
  • Exporting companies.

Activities not eligible for financing are:

  1. Production, transportation and use of pesticides or other hazardous substances and/or toxic materials;
  2. Exploitation of new land; excavating and levelling; development of hydrographic basins; hydroenergetic and thermal development;
  3. All sub-projects with a major potential impact on population;
  4. All types of military equipment;
  5. Barrages and reservoirs;
  6. Trade with wild animal products;
  7. Introduction of genetically modified products in rural communities;
  8. Production, distribution and sale of prohibited pesticides and herbicides;
  9. Fishing items in the marine environment;
  10. Application, processing or production of any products using radioactive materials;
  11. Storage of hazardous wastes, their processing, transportation or elimination;
  12. Manufacture of electric appliances and equipment that contain chlorofluorocarbons, polychlorinated biphenyl above 0.005% of the total weight of the liquid mass;  
  13. Manufacture of asbestos products; ;
  14. Manufacture or production of tobacco products and tobacco processing equipment.

Terms and conditions for providing loans to Beneficiaries:

  • Maximal amount of a sub-loan (in MDL, USD and EUR) – the equivalent of 800,000.00 EUR provided for the purpose of making investments or the equivalent of 500,000.00 EUR provided for the purpose of increasing the circulating capital;

  • Maximal amount of all sub-loans provided to a single debtor – the equivalent of 1,000,000.00 EUR;

  • Maturity period – 8 years for investments or 4 years for increasing the circulating capital.


Current interest rate – is established individually depending on the project, customer’s financial condition and credit history. 


 
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