Young entrepreneurs on both banks of the Nistru learn together how to develop their businesses

22 May 2014

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42 young people from both banks of the Nistru River shared their experience and networked during a joint conference organized on May 22-23 by the Chamber of Commerce and Industry from Tiraspol, in partnership with AXA Management Consulting. The event is part of a project funded by the European Union and UNDP within the Support to Confidence Building Measures Programme.  

Today, they had the opportunity to participate in several interactive activities, forming joint teams which competed for the best marketing strategies and tools for establishing successful business partnerships and discussed about creating a cross-river network of young entrepreneurs. On Friday, the participants will visit several successful businesses from the Transnistrian region.

The conference takes place within a project supported by the EU-UNDP Programme aiming to create employment opportunities for youth living in the Security Zone and the Transnistrian region, based on a business plan competition for people aged 18 – 35. The selected entrepreneurs benefit from grants of up to USD 15,000, individual consultancy services for a period of 10 months and assistance for the procurement of equipment and materials needed to start or develop a business. The young people will also carry out study visits to enterprises situated on both banks of the Nistru River and will become members of a network of young entrepreneurs. The network is to become a platform for communicating and disseminating good practices that will enable them to establish cooperation relations with peers on both banks of the Nistru River.

Currently, the beneficiaries are procuring all the equipment necessary to start the business. Having an action plan and a mentor by their side, the young people are at the stage of putting their business ideas into practice.
Alina Morozan from Sevirova village, Floresti district plans to start a business in her native village – a corn and sunflower seed processing line. “This project has been a real lifeline for me and my family. I am a single mom to a 10 month child and given the fact I can not find a job here I was planning to go to work abroad. Now, due to the support provided by the European Union and the UNDP I have the opportunity to raise my child and run my own business here, at home”, said Alina.  

Most of the youth participating in the project come from rural areas, and their businesses are related to agriculture.

Through the Support to Confidence Building Measures Programme, the European Union and the UNDP provide financial and technical support to joint activities of people living on both banks of the Nistru River in five key areas: business development, civil society development, social infrastructure renovation, health care and environment protection. The Programme is implemented during 2012-2015 with a total budget of 10.600.000 Euro, provided by the European Union (9,500,000 Euro) and UNDP (1,100,000 Euro).

Contact Information

Natalia Costas, Communication Consultant, SCBM Programme, (+373) 69221141, natalia.costas@undp.org