The initiative is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), co-financed by the Swiss Government and implemented with technical support from the German Agency for International Cooperation (GIZ).
The main objective of the project is to help Moldovan enterprises adapt to European Union standards. Under the programme, local businesses will gain access to expert advice, support in finding new markets, as well as assistance in introducing innovations and improving staff skills.
In addition to working directly with entrepreneurs, the project aims to strengthen relevant state institutions and business associations. It is expected that the implementation of RISE will attract new investment to the country, stimulate the creation of high-quality jobs and accelerate the integration of Moldova’s economy into the single European economic area.
The RISE project forms part of a broader grant package from the German Federal Ministry for Economic Cooperation and Development (BMZ) totalling 12.9 million euros. These funds are allocated directly across four priority initiatives in Moldova (RISE, FACE, SPS and the quality infrastructure project).
The Swiss Agency for Development and Cooperation (SDC) is a co-donor to the programme; however, the exact amount of Bern’s additional contribution specifically to the RISE budget had not been disclosed in publicly available sources at the time of the project’s presentation.
This story was translated with the assistance of artificial intelligence.
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