About the program
The budget of this program of support for processing industry enterprises is 2 billion lei, of which 1.5 billion lei – partial exemption from income tax and 0.5 billion lei – grant. The state aid provided for each investment project consists of a grant (25%) and partial exemption from income tax (75%).
It is assumed that about 150 enterprises can become beneficiaries of state aid under the “Scheme”. The maximum amount of support under the project should not exceed 20% of the budget of this program. Agreements on regional state aid can be signed up to December 31, 2034, if the budget of the “Scheme” allows, and the money is paid until December 31, 2036. Large and medium-sized enterprises located in all districts of RM and in Gagauzia can receive reimbursement of up to 60% of investments, small enterprises – up to 75%. Those located in Chisinau – up to 50% and 60%, respectively.
Before signing the Agreement on granting regional state aid, the enterprise must ensure a financial contribution of at least 25%.
Investments – 60 million lei
The agreement signed by Deputy Prime Minister, Minister of Economic Development and Digitalization Doina Nistor and the general director of Imcomvil Group Ltd., Veaceslav Curci (he owns 98.94%), provides for state support for investments of about 60 million lei. The state undertook to cover 50%, or 30.2 million lei. Of this, 7.5 million lei will be a grant, and 22.7 million lei will be a 50% income tax exemption for up to 10 years.
Who are these people?
The company was founded in 2001, starting its activity by importing and distributing products under the brands “Mechta Khozyaiki” and “My Family”. Gradually it became the exclusive distributor in Moldova of Heinz, SolPro, Müller, Uhrenholt, Schwartau products. In 2007, the company built its own warehouse.
In 2018, a factory was built to produce snacks, which were produced under two brands – Piffi & Puffy and Cronx. Two years later, the production was modernized and its capacity was increased by building a new shop. Snacks under the YAW! TM were added, which became the locomotive for all products. It is currently exported to 12 countries, including the USA, Germany, Israel. The basic assortment consists of baguette type snacks with different flavors, as well as different types of “sticks”.
For the company’s 20th anniversary, its new corporate identity, Sapico, was created. Today Imcomvil Group is the largest snack manufacturer and the leading distributor in Moldova in the FMCG (FMCG) and HoReCa sector with a wide range of food products. It is a family business run by Veaceslav and Lilia Curca and their two children. The youngest son Mikhail is the plant administrator.
The company infrastructure (warehouses, production, sales offices, two branches – in Balti and Cahul) covers 15 thousand square meters. There are more than 200 employees in the team. The company’s own fleet of vehicles consists of more than 120 vehicles, which are used for distribution to retail outlets throughout the country, the number of which has exceeded 6 thousand. According to public sources, the net profit of Imcomvil Group for 2023 amounted to 39.6 million lei.
What will the money be spent on?
The investment will be used to purchase modern equipment and create a new snack production line. Thanks to the expansion of technological capacities, it is planned to create at least 60 new jobs. It will also contribute to the development of the food sector in the republic and increase exports of Sapico products.
“This is more than a contract. It is a clear signal that the state is a real partner of the business environment. There are people behind this contract. A family that believed in their idea, worked hard and proved that it is possible to build a quality business in Moldova. Today we give them a hand of support and we do it with the confidence that their investment will benefit not only the company, but also the whole community,” Doina Nistor said after signing the contract.
