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Moldova will receive a grant of 40 million euros from the European Union as part of the "EU for Sustainability and Governance" program.

Moldova will receive a grant of 40 million euros from the European Union as part of the "EU for Sustainability and Governance" program.

This is stipulated in the financing agreement signed between Moldova and the European Commission, which was signed on May 11 and ratified by the Moldovan Parliament on June 15. The agreement stipulates grant assistance of 40 million euros from the European Commission to strengthen the sustainability of the state and society, socio-economic recovery, with particular emphasis on good governance, stability and peace, as well as providing all opportunities conducive to inclusiveness. The agreement aims to support human capital development and promote equality of rights, to contribute to national stability and territorial integration, to consolidate Moldova's social and institutional capital, to promote regional security, to ensure the resilience of agri-food systems to external shocks and crises, etc. The agreement will be implemented with the assistance of institutions selected by the European Commission. The project implementation period is 72 months. The document is part of the EU Annual Action Plan for Moldova 2022, financed under the Neighborhood, Development Cooperation and International Cooperation Instrument (NDICI) - Global Europe. // 15.06.2023 – InfoMarket

News on the subject

Beneficiaries from Moldova will be able to access EU grants totaling 65 million euros for joint projects of the countries of the Black Sea region.
Beneficiaries from Moldova will be able to access EU grants totaling 65 million euros for joint projects of the countries of the Black Sea region.
The WB will provide Moldova with $211 million in new budget support, including a €92.1 million loan (the equivalent of $100 million) and a $111 million grant.
The WB will provide Moldova with $211 million in new budget support, including a €92.1 million loan (the equivalent of $100 million) and a $111 million grant.
The World Bank recommends that the Moldovan authorities review the mechanisms for granting VAT exemptions and benefits, as well as adjust the VAT rate system.
The World Bank recommends that the Moldovan authorities review the mechanisms for granting VAT exemptions and benefits, as well as adjust the VAT rate system.
Moldova needs to find a balance between short-term objectives of mitigating the immediate effects of the overlapping crises and supporting long-term and sustainable inclusive growth – the WB.
Moldova needs to find a balance between short-term objectives of mitigating the immediate effects of the overlapping crises and supporting long-term and sustainable inclusive growth – the WB.
Germany will provide Moldova with a grant of almost 39 million euros for renewable energy and energy efficiency projects.
Germany will provide Moldova with a grant of almost 39 million euros for renewable energy and energy efficiency projects.
Parliament passed in the first reading amendments to the state social insurance budget for 2023, providing for the reduction of its revenues and expenditures by 55 million lei.
Parliament passed in the first reading amendments to the state social insurance budget for 2023, providing for the reduction of its revenues and expenditures by 55 million lei.