FINPractice

Room for economic growth and stabilization

Economic development allows a country to grow. An important factor in this is a transparent and corruption-free financial sector. However, in the Republic of Moldova, this sector is not fully regulated, which negatively impacts the country’s economic growth and stability.

This is where comprehensive legal reforms and an increased focus on qualifications and further training in the financial sector come in. With the support of the Austrian Development Agency (ADA), a financial center with a strong focus on practice was established in the “FINPractice” project. By integrating into the existing Center of Excellence for Economics and Finance, not only the quality of further training in the financial sector is sustainably strengthened, but also Moldova’s labour market position. New jobs allow people and companies to grow.

About FINPractice: All information about the project

Project Activities

During the project period from March 1, 2017, to December 31, 2019, we were a key project partner responsible for implementing blended learning as a teaching and learning method in the financial center and realizing the following projects:

Organizational development of the continuing education center
Building a network of over 30 Moldovan companies
Development and accreditation of curricula and a 3-language online learning platform

Target Group

Employees in the financial sector
Public institutions and government agencies responsible for regulating and supervising the financial sector
Austrian investors and financial service providers who benefit from a transparent and better-regulated market environment in Moldova
Moldovan small and Medium-sized enterprises seeking financing opportunities

Project Objectives

The aim of the project was to establish a continuing education center for the Moldovan financial sector, sustainably integrated into the existing and accredited adult education institutions of the Republic of Moldova.

Achieving More Together

FINPractice was made possible by the support of the Austrian Development Agency (ADA). Partners in the implementation were:

Grazer Wechselseitige Versicherung AG (AT) as the Lead Partner
P.R. Callidus (MD)

Other project partners were the Ministry of Education of the Republic of Moldova, the National Bank and the Financial Supervisory Authority of the Republic of Moldova, and the Center of Excellence for Economics and Finance in Moldova.

founded by

Austrian Development Agency (ADA)