You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

EU Commission approves additional 52 mln euro macro-financial aid for Moldova

EU Commission approves additional 52 mln euro macro-financial aid for Moldova EU-Moldova

CHISINAU (Moldova), May 5 (SeeNews) - The European Commission (EC) said on Thursday it will mobilise an additional 52 million euro ($55 million) for Moldova to advance the country's long term resilience, recovery and reforms.

The funds will be used to achieve milestones foreseen in the Economic and Investment plan for its Eastern partners and support the implementation of the EU-Moldova Association Agreement, the Commission said in a press release.

"The EU continues to work with its Moldovan partners to implement long lasting reforms that benefit the people. The past couple of years have been extremely difficult, with the Covid-19 pandemic, the gas crisis and now the impact of Russia's war in Ukraine all taking their toll," neighbourhood and enlargement commissioner Olivér Várhely said.

"We remain committed to accelerate the implementation of the Economic and Investment plan to ensure Moldova's long term recovery, and build up its resilience."

This additional support complements the ongoing crisis support provided by the EU to Moldova which includes 53 million euro budget support and 150 million euro macro-financial assistance to be disbursed in the coming months.

The EU has also granted Moldova 13 million euro in humanitarian assistance, 15 million euro for dignified and efficient processing of Ukrainian refugees and the secure transit and repatriation of third-country nationals and 15 million to support the EU Border Assistance Mission, which has recently redirected its activities to assist the Moldovan border guards in managing the arrival of refugees.

In addition to the crisis management, the EU supports Moldova's long-term recovery and resilience, in particular through the Eastern Partnership Economic and Investment Plan, that aims to mobilise around 3.4 billion euro in public and private investments.

In a resolution adopted on Thursday, the European Parliament called on the Commission to give Moldova the EU candidate status, after the country applied for EU membership in March.

Also on Thursday, Romania's president Klaus Iohannis signed a decree granting Moldova a non-reimbursable aid of 100 million euro ($113 million) to support bilateral cooperation in the areas of energy, transport, environmental protection, climate change, public works and infrastructure. The aid was approved by the Romanian government in February.

($=0.9439 euro)

YOU CAN SUBSCRIBE TO OUR WAR IN UKRAINE IMPACT ON SEE NEWSLETTER HERE

Share this story
SeeNews in Brief

View our Newsletters

 
Compare