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The substantial EU assistance totaling up to 600 million euros under the Economic Recovery Plan will help strengthen the economy of Moldova, increase investments, improve the business climate, and demonopolize the economy.

The substantial EU assistance totaling up to 600 million euros under the Economic Recovery Plan will help strengthen the economy of Moldova, increase investments, improve the business climate, and demonopolize the economy.

This was stated by Prime Minister Natalia Gavrilita during a meeting in Brussels with members of the European Parliament delegation at the EU-Moldova Parliamentary Association Committee, where a discussion of future relations between the EU and Moldova and areas in which the parties can intensify cooperation took place. Prime Minister highlighted the priorities on her government's agenda: continuing justice reform and fighting corruption; managing the COVID-19 pandemic; promoting economic recovery and providing conditions for economic growth and job creation; strengthening state institutions and the country's resilience. The meeting also discussed the financially substantial economic recovery plan estimated at up to 600 million euros in subsidies, loans, guarantees and investments. Prime Minister noted that this support is necessary to maintain and strengthen the Moldovan economy and will help to increase investment, improve the business climate, demonopolize the economy and promote digital transformation. Natalia Gavrilita assured that all the resources provided to Moldova will be used to stimulate a greener and more sustainable economy. “I am here to resume the dialogue between Moldova and the European Union. Our partnership is strong, but I believe there is room for even deeper cooperation and closer political, economic and sectoral ties. I am convinced that this partnership is a guarantee of the prosperity of our country, and I hope that we will continue to strengthen our cooperation,” said Natalya Gavrilita. MEPs reaffirmed their support for the Moldovan government and its ambitious reform agenda. // 29.09.2021 - InfoMarket

News on the subject

A € 36.4 million EU grant allocated to Moldova is intended to further combat COVID-19 and support police reform.
A € 36.4 million EU grant allocated to Moldova is intended to further combat COVID-19 and support police reform.
The EU will provide financial support for the implementation of the reform program in Moldova, and the parties will strengthen bilateral cooperation, including in the field of security and defense.
The EU will provide financial support for the implementation of the reform program in Moldova, and the parties will strengthen bilateral cooperation, including in the field of security and defense.
The second tranche of the European Union's macro-financial assistance OMNIBUS in the amount of 50 million euros will go to Moldova in early October.
The second tranche of the European Union's macro-financial assistance OMNIBUS in the amount of 50 million euros will go to Moldova in early October.
Moldova’s external public debt in January-August 2021 increased by $27.08 million (+ 1.2%), amounting to $2 billion 268.5 million as of the end of August this year.
Moldova’s external public debt in January-August 2021 increased by $27.08 million (+ 1.2%), amounting to $2 billion 268.5 million as of the end of August this year.
The inflation rate in Moldova at the end of 2021 will reach 6%, which is 2 pp. higher than the indicator set in the budgets for the current year.
The inflation rate in Moldova at the end of 2021 will reach 6%, which is 2 pp. higher than the indicator set in the budgets for the current year.
A new mechanism for control and authorization of the heads of the NCFM, NAER, the Competition Council and other bodies controlled by the parliament has been approved in Moldova.
A new mechanism for control and authorization of the heads of the NCFM, NAER, the Competition Council and other bodies controlled by the parliament has been approved in Moldova.