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The implementation period of the EIB-financed Livada Moldovei (Fruit Garden of Moldova) project in Moldova estimated at 120 million euros is to be extended until May 27, 2023.

The implementation period of the EIB-financed Livada Moldovei (Fruit Garden of Moldova) project in Moldova estimated at 120 million euros is to be extended until May 27, 2023.

This is provided for by the government-approved amendment N3 to the Financing Agreement between Moldova and the European Investment Bank for the implementation of the Livada Moldovei project, signed on July 31, 2014. The Cabinet of Ministers at a meeting on Wednesday approved the start of negotiations and the subsequent signing of the corresponding amendment to the contract, which will extend the implementation period of the Livada Moldovei project until May 27, 2023, so that the unused credit resources can be utilized. Finance Minister Dumitru Budianschi was granted the authority to sign the amendment to the Financing Agreement between Moldova and the EIB for the implementation of the Livada Moldovei project. As previously reported, the Livada Moldovei project envisages a 120 million euros loan from the European Investment Bank to support the modernization and restructuring of the value chain in the horticultural sector in Moldova, to help Moldovan farmers develop rural business and increase their competitiveness, so that domestic producers could increase their exports to the EU. The EIB funds are allocated to increase the competitiveness of domestic horticulture and viticulture in the domestic and foreign markets by ensuring the modernization of all production processes, crop processing, post-harvest period through the introduction of modern technologies for the growth and storage of horticultural and viticultural products. The money can be used to technologize and mechanize production in horticulture by promoting intensive and super-intensive fruit production, to equip orchards with irrigation and anti-hail installations, to modernize and technologize the processes of post-harvesting and processing of fruits, to develop post-harvest infrastructure for products intended for fresh consumption, to diversify the sales markets for Moldovan fruits, to support long-term and medium-term investments for the sector of production and processing of vegetables, grapes, the development of nurseries, the production of bottled wines, the development of wine and agricultural tourism, etc. Access to money is provided through credit transactions or through leasing companies. The total cost of each subproject cannot exceed 5 million euros. So far, the EIB, within the framework of the Livada Moldovei project, has financed 264 investment projects in Moldova worth 57.3 million euros. // 25.08.2021 - InfoMarket.

News on the subject

Moldovan authorities to elaborate a new Strategy for the Development of the Livestock Sector.
Moldovan authorities to elaborate a new Strategy for the Development of the Livestock Sector.
In 2020, 99% of the exported fresh apples from Moldova were sent to Russia.
In 2020, 99% of the exported fresh apples from Moldova were sent to Russia.
Plums and grains are the most demanded Moldovan agri-food products in the EU and Moldova needs to expand their exports, seek to increase quotas for duty-free supplies - Berlin Economics stated.
Plums and grains are the most demanded Moldovan agri-food products in the EU and Moldova needs to expand their exports, seek to increase quotas for duty-free supplies - Berlin Economics stated.
AIPA approved the first applications for 5 million lei in direct payments for livestock.
AIPA approved the first applications for 5 million lei in direct payments for livestock.
Agrarians of Moldova can receive from IFAD new grants for adaptation to climate change in agriculture in the amount of up to $ 5 thousand for small farmers and up to $15 thousand for agricultural cooperatives.
Agrarians of Moldova can receive from IFAD new grants for adaptation to climate change in agriculture in the amount of up to $ 5 thousand for small farmers and up to $15 thousand for agricultural cooperatives.
Moldova will be able to increase the supply of fruits and vegetables to the countries of the Central European Free Trade Association thanks to the facilitation of trade in these products between these states.
Moldova will be able to increase the supply of fruits and vegetables to the countries of the Central European Free Trade Association thanks to the facilitation of trade in these products between these states.