EP committees endorse EUR 1.8 bln financial package for Moldova
<p>The European Parliament's Budget and Foreign Policy Committees approved on Thursday the report on the Facility for the Republic of Moldova, worth EUR 1.8 billion.&nbsp;</p>

<p>It is the largest package of financial support the European Union has ever offered to the Republic of Moldova for development, &nbsp;<a href="https://tvrmoldova.md/article/d8a84ba9c30498aa/sprijin-financiar-record-al-ue-pentru-r-moldova-1-8-miliarde-de-euro-pentru-dezvoltare.html?mc_cid=889093f938&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Tvrmoldova.md</a> reported. Out of the total amount, EUR 420 million is in grants.&nbsp;</p>

<p>The funds will support 25,000 businesses, major infrastructure projects, and energy interconnection with the European Union.</p>

<p>In addition, the Republic of Moldova would benefit from access to the European single market, including for transport and payments in euros.</p>

<p>The government in Chisinau must present a&nbsp;reform plan&nbsp;before the money can be released. The European Parliament aims to adopt the law as soon as possible so that it can enter into force by March.</p>

<p>The new financial support was promoted by Romanian MEPs and provides for the allocation of significant funds, especially for cross-border and energy interconnection projects.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Dreamstime.com)</em></p>