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The European Union will soon provide 250 million euros in financial aid to Moldova.

The European Union will soon provide 250 million euros in financial aid to Moldova.

The EU representative office in Moldova reported this and it was also noted that along with the European Investment Bank, the EU would invest from 150 euros to 170 million euros into the energy, transport and medical infrastructure of Moldova. The EU representatives gave assurances of further support for Moldova's pro-European aspirations. "We want us to contribute more to Moldova's development in 2023, and not just to mitigate the effects of the crisis. We want this year to bring us peace and security and we want the humanity to decide to live in harmony and wellbeing in the New Year!" the European Union representative office in Moldova stated. As InfoMarket agency earlier reported, in November 2022, the President of the European Commission Ursula von der Leyen said at a joint press conference in Chisinau with Moldovan President Maia Sandu that the EU will provide Moldova with additional 250 million euros within the new aid package to overcome the energy crisis. According to her, namely 200 million euros are provided for the purchase of gas and diversification of gas supplies, of which 100 million euros will be granted in a soft loan and 100 million euros - in a grant. Besides, another 50 million euros will be provided to Moldova in direct targeted budgetary support. Ursula von der Leyen explained that the money may be used by the government, in particular, to help the most vulnerable categories of citizens in connection with a sharp rise in energy tariffs. It was also reported earlier that the assistance of the European Union and its partners, allocated to Moldova from October 2021 to December 2022 as support for overcoming current challenges, amounted to 840 million euros. Of this amount, 451 million euros was received in EU grants, 120 million euros in soft loans from the EU and 269.5 million euros in preferential loans from the European Investment Bank and the European Bank for Reconstruction and Development. // 03.01.2023 - InfoMarket.

News on the subject

In 2023, Moldova will continue to take measures for the sustainable and competitive development of the construction industry.
In 2023, Moldova will continue to take measures for the sustainable and competitive development of the construction industry.
USAID has launched a new $50 million project in Moldova in 2022 to improve rural competitiveness and sustainability.
USAID has launched a new $50 million project in Moldova in 2022 to improve rural competitiveness and sustainability.
The financial means intended for construction and maintenance of roads have been used this year in Moldova at almost 80%.
The financial means intended for construction and maintenance of roads have been used this year in Moldova at almost 80%.
Moldovan Parliament has ratified a grant agreement with the World Bank Group, providing for $43.76 million to the country to support the state budget.
Moldovan Parliament has ratified a grant agreement with the World Bank Group, providing for $43.76 million to the country to support the state budget.
Sweden will contribute $10 million to Moldova's Energy Vulnerability Reduction Fund.
Sweden will contribute $10 million to Moldova's Energy Vulnerability Reduction Fund.
Sweden will allocate over $4.5 million to develop the export potential of entrepreneurs from both banks of the Dniester River.
Sweden will allocate over $4.5 million to develop the export potential of entrepreneurs from both banks of the Dniester River.