Moldova Received €840 Million in Loans and Grants from the EU in 15 Months

In a year marked by crises and uncertainty, the European Union (EU) has been close to Moldovan citizens. More than €840 million is the amount offered to our country between October 2021 and December 2022 to overcome difficulties, reports tvrmoldova.md The assistance includes: - 451 million euros in grants provided by the EU; - 120 million euros in concessional loans offered by the EU; - 269.5 million euros in soft loans from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). The 840 million euros of assistance offered by the EU, EIB and EBRD are earmarked for several sectors important for the Republic of Moldova: - 150 million euros for overcoming the energy crisis and supporting vulnerable groups; - 75 million euros to improve energy security; - 150 million euros of macro-financial assistance; - 112 million euros for economic recovery, business development and support of civil society; - 38 million euros for refugee crisis management; - 30 million euros for border management; - 9 million euros for cyber security of the Republic of Moldova, the fight against disinformation and the development of independent media; - 47 million euros for the modernization of the defense sector; - 229.5 million euros for the development of the railway infrastructure. “The Republic of Moldova is not only a neighboring country or our partner, it is a candidate state to join the European Union. It is part of the European family and the family must remain united in good times as well as in bad,” said Ursula von der Leyen, President of the European Commission, during her visit to Chisinau in November 2022. Thus, the European Union, together with its institutions, the EIB and the EBRD, has been and remains Moldova’s most important development partner.