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<cfResPublDate>2019-12-27</cfResPublDate>
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<cfTitle cfLangCode='EN' cfTrans='o'>Modern modalities of financing: particularities and opportunities</cfTitle>
<cfKeyw cfLangCode='EN' cfTrans='o'>modern modalities of financing; factoring; forfeiting; crowdfunding; Securitization; venture capital; syndication; grants; mezzanine financing</cfKeyw>
<cfAbstr cfLangCode='EN' cfTrans='o'><p>In the context of a well-defined market economy, the economic agents need to obtain, under the most advantageous conditions, the financial means necessary for the financing of their activity, which has in the course of time led to the development of complex financing methods, more efficient and accessible to the client legal. The presence of the monopoly on the borrowed lending market by local commercial banks creates impediments to the development and assurance of financial performance of economic agents. One of the fundamental problems of the development of entrepreneurship in Moldova is access to finance, which is often quite complicated and costly. International practice reflects developments within the financial system alongside commercial banks and other non-bank financial institutions, including factoring companies, which ensure healthy competition in the financial services market and free and fast access to borrowed funds. This view is conditional on the need to explore international practice in the area of access to borrowed resources, including the main aspects of modern financing arrangements. The practice of developed countries highlights the presence of new ways of financing, also called modern ways that offer the possibility of a complex package that includes financing and other aspects such as the debtor&rsquo;s debt management.</p></cfAbstr>
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