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About 25% of Moldovan light industry enterprises ceased their activities during the pandemic.

About 25% of Moldovan light industry enterprises ceased their activities during the pandemic.

According to the Ministry of Economy and Infrastructure, Chairperson of the Light Industry Patronage Association Silvia Lazu said this during a meeting with the head of the department Ion Chicu and Director General of the Organization for the Development of the Sector of Small and Medium Enterprises of Moldova (ODIMM) Iulia Costin. A total of 457 enterprises are currently operating. It is noted that of the total number of enterprises that have ceased their activities, 5% are in technical downtime and another 52% of enterprises provided their employees with paid or unpaid leave. Only 75% of light industry enterprises in Moldova did not stop their activities, but not all employees continued to work. Enterprises were involved in the production of masks and protective medical equipment. Iulia Costin urged companies to join the Small and Medium Business Digitization Support Tool, which was launched in June to support the development of e-commerce tools in the context of restrictions imposed during the pandemic crisis. The new program is designed to help businesses build websites and online stores, as well as provide grants for the purchase of digital technologies and solutions. InfoMarket previously reported that, about 460 entrepreneurs have completed the ODIMM course in e-commerce and business digitization by now. The SME Digitization Support Tool was launched in June. The program consists of 3 stages: information and communication; entrepreneurial education; business financing. The tool to support the digitization of small and medium-sized enterprises is funded from the state budget and supplemented by funds from the European Union. The tool is implemented by ODIMM in agreement with development partners - GIZ Moldova, StartUp Moldova and GoOnline. // 19.10.2020 - InfoMarket.

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