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EIB will allocate more than 40 million euros to increase productivity and competitiveness of the agricultural sector of Moldova.

EIB will allocate more than 40 million euros to increase productivity and competitiveness of the agricultural sector of Moldova.

This was stated by the head of the European Investment Bank (EIB) in Moldova Alberto Carley at a meeting with the Minister of Agriculture and Food Industry Vladimir Bolea. According to the Ministry of Agriculture, the sides discussed new financial opportunities that may be created for Moldovan farmers and agricultural educational institutions. Vladimir Bolea said that the ministry welcomes the acceleration of scientific and technological progress, and in this regard, the development of projects aimed at improving the educational and research process in agricultural colleges and faculties of agriculture will be welcomed. At the same time, the head of the Ministry of Agriculture proposed the idea of developing financing packages for agricultural producers who want to build/rehabilitate irrigation systems, develop business in the livestock sector or orient their activities to the processing sector. In this context, Alberto Carlei said that in the nearest future the EIB might allocate over 40 million euros for the Livada Moldovei (Fruit Garden of Moldova) project, in order to increase productivity and competitiveness of the agricultural sector. He also announced the EIB's intention to implement the mechanism, which will facilitate the payment of money to the beneficiaries' accounts in optimal terms and under flexible conditions. // 08.09.2022 - InfoMarket

News on the subject

The Ministry of Agriculture along with the government is developing a package of urgent measures to reduce the negative impact of the current multiple crises on farmers.
The Ministry of Agriculture along with the government is developing a package of urgent measures to reduce the negative impact of the current multiple crises on farmers.
My Village agricultural fair has been launched in Chisinau with the Moldovan government promising to strengthen support for the agricultural sector.
My Village agricultural fair has been launched in Chisinau with the Moldovan government promising to strengthen support for the agricultural sector.
Export of Moldovan wine for 7 months of 2022, compared to the same period in 2021, decreased in value terms by 20.1% to $75.3 million.
Export of Moldovan wine for 7 months of 2022, compared to the same period in 2021, decreased in value terms by 20.1% to $75.3 million.
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The Agency for Intervention and Payments in Agriculture (AIPA) has approved 113 requests worth over 4 million 633.9 thousand lei for partial reimbursement of excise duties on diesel for the first half of 2022.
The state will purchase more than 41,700 tons of food wheat from the 2022 harvest to replenish state and mobilization reserves.
The state will purchase more than 41,700 tons of food wheat from the 2022 harvest to replenish state and mobilization reserves.
Moldovan banks will not apply penalties for a certain period of time to farmers with a good credit history.
Moldovan banks will not apply penalties for a certain period of time to farmers with a good credit history.