Opportunities for financing small and medium-sized enterprises in the Republic of Moldova

Abstract

Small and medium-sized enterprises are the most important pillar in ensuring sustainable economic growth in the country. The diversification and continuous expansion of their activity is a good sign of economic viability in a given country. Namely the enterprises are considered the determining factor of the economy, they represent the main source of economic growth and job creation. In recent years, however, more and more companies stop working due to financial problems they face, including: insufficiency of the necessary financial resources, imperfection of financing instruments, lack of financial-banking support, etc. From this point of view, the growing problem of financing small and medium-sized enterprises is current and very important, as it allows to identify the problems regarding the financing of entrepreneurship and to find an answer for solving them. JEL: G 32.