The European Union has announced an additional €52M in support to the Republic of Moldova. The assistance package will stimulate the country’s sustainable economic development and the implementation of long-term reforms, IPN reports.

The European Union will support small and medium-sized enterprises, help improve the business climate and employment. It will also boost Moldova’s green agenda, among other goals.

"The European Union will support Moldova's efforts to implement reforms related to the EU-Moldova Association Agreement and the Deep and Comprehensive Free Trade Area," the EU delegation in Chisinau said in a press release.