UNUnited Nations Economic Commission for Europe

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UNECE RAISING AWARENESS ABOUT ENTREPRENEURSHIP DEVELOPMENT
IN THE REPUBLIC OF MOLDOVA


Geneva, 25 June 2004 - The Republic of Moldova is a small, landlocked country with 3.6 million inhabitants; the most densely populated among the countries of the Commonwealth of Independent States (CIS). At present the Republic of Moldova is the poorest country in Europe with an estimated per capita GDP of some $500 in 2003. According to estimates by the international financial institutions, 90 percent of the population, a major part of which live in the countryside, have an income of less that $1 per day. The need to raise living standards requires adequate support from the international community in the form of market access, financing, debt relief, where appropriate, coupled with continuing policy advice. This support is indispensable to strengthen the reform process in order to achieve sustainable growth and to reduce poverty.

Some 90 per cent of the economy is based on small and medium sized enterprises (SME) in the country according to the Ministry of Economy although only 30 per cent of the country’s employees work in these enterprises. Government support for entrepreneurship and the infrastructure needed for SME development has been weak. The lack of financial resources, low state support, lack of business information, frequently changing legislation are all impediments to the sound development of entrepreneurship.

H.E. Mr. Marian Lupu, Minister of Economy of the Republic of Moldova, invited the UNECE to organize jointly with the Ministry of Economy a two-day Training Workshop on “The Development of Entrepreneurship and the SME Sector in the Republic of Moldova”. The UNECE within the framework of its Regional Advisory Services Programme organized this Workshop, which will take place in Chisinau on 29-30 June 2004. The purpose of the workshop is to stimulate further development of the SME sector by taking account of the best international practice and experiences in this field. The first day of the workshop will be organized for high-level Government officials (President and Prime-Minister’s advisers, Parliamentarians, Ministers and Deputy Ministers). The second day will be dedicated to the leaders of existing SME support institutions, representatives of the business communities, entrepreneurs, NGOs, academics and journalists.

The UNECE delegation headed by Antal Szabó, Regional Adviser on Entrepreneurship and SMEs, consists of Dr. Sonia Heptonstall, Co-Founder of Heptonstall and Associates (United Kingdom), Dr. Rachel E. Golden, President of the Rachel E. Golden Foundation (United States), Dr. Krisztina Takacs Floreano, President and Founder of the Education HUMANITAS Foundation (Switzerland), Božidar Marot, Director of the Small Business Development Centre (Slovenia), Andrus Treier, Chief Financial Officer of the Credit and Export Guarantee Fund KredEx, (Estonia), and Tomislaw Bogdanic, President of the World Youth Bank (Croatia). The mission will be supported with financial contributions from the Governments of Estonia and Slovenia, The Rachel Golden Foundation and the World Youth Bank.

For further information, please contact:

Mr. Antal Szabó
Regional Adviser on Entrepreneurship and SMEs
United Nations Economic Commission for Europe
Palais des Nations, Bureau 440
CH - 1211 Geneva 10, Switzerland

Phone: + 41(0)22 917 24 71
Telefax: + 41(0)22 917 01 78
E-mail: [email protected]

 

Ref: ECE/IREEDD/04/P06