This was announced by the Agriculture and Food Ministry, noting that by stimulating large-scale investments in milk production and adjusting subsidization policies, Moldovan consumers will be able to be sure of the quality of local dairy products.
In particular, within the Livada Moldovei project, implemented with the support of the European Investment Bank, a preferential loan worth over 1 million euros was granted to Buffalo Agro for the construction and equipment of a dairy farm. The owner also made his own contribution of more than EUR 1 million. The investment was used to build cattle housing and equip it with the necessary equipment. It is planned to purchase 480 Holstein cows in the near future.
In addition, a modern system for capturing, storing and separating manure for subsequent use as a natural fertilizer was built.
When using loans within the Livada Moldovei program, the government provides VAT and customs duty exemptions on imports of machinery and works. Buffalo Agro administrator Ion Popescu said that the company’s goal is to increase the number of dairy herd to 1,200 cows.
In general, with the support of the European Investment Bank, the Moldovan government and the Ministry of Agriculture and Food Industry, within the Livada Moldovei project, contributed to the granting of soft loans for 610 investment projects in the agricultural sector, worth 102 million euros. The beneficiaries’ own contribution exceeded the planned level of 50% of the investment value and exceeded 105 million euros.
