The Romanian government on Friday approved a draft law on the ratification of an agreement with Moldova on a grant of 100 million euros.
This was announced by the press secretary of the Romanian government Dan Carbunaru. The document was signed in Chisinau on February 11, 2022. Romanian Prime Minister Nicolae Ion Ciuca said during the meeting that this agreement, which provides for the allocation of 100 million euros in gratuitous financial assistance to Moldova, is one of the main instruments through which Romania specifically supports Moldova's efforts for sustainable development and progress on the path of reforms and its rapprochement with the EU. As InfoMarket agency reported earlier, the target areas of grant assistance allocated by Romania will be: energy, transport, environment, infrastructure, small business, media independence, public administration reform, healthcare, culture, tourism. The funds will be provided for a period of 7 years, while to ensure their full development, the implementation of the agreement can be extended for up to 3 years. The agreement also provides for the financial contribution of Moldova, which cannot be less than 5% of the eligible costs for each project. In addition, the Government of Moldova will have to ensure exemption from taxes, fees and any other payments for equipment and materials provided by the Romanian partners in the project, public or private, financed by the contribution. Prime Minister of Moldova Natalia Gavrilita said earlier that the Cabinet of Ministers of the Republic of Moldova intends to use most of the funds from the new Romanian grant of 100 million euros for regional and local development, financing in the regions and villages of many social and infrastructure facilities, repair and modernization of kindergartens, schools, systems sewerage, treatment facilities, street lighting, implementation of social entrepreneurship projects, launching new enterprises with financial support in the form of a grant, etc. //25.03.2022 — InfoMarket.
