The Republic of Moldova benefits from €1.9 billion in financial support from the European Union for economic development, integration into the European single market and carrying out of essential reforms. The implementation of the Growth Plan was discussed in Chisinau by Deputy Speaker of Parliament Doina German and the Chair of the Foreign Affairs Committee of the European Parliament David McAllister. The officials held a press conference together, IPN reports.

The Moldova Growth Plan is based on three strategic pillars: increasing financial assistance and modernization of infrastructure, enhancing access to o the EU’s single market, and supporting socioeconomic reforms, said Doina German.

The official noted that Moldova is in the process of finalizing a reform agenda that includes more than 44 measures, focused on private sector development, economic resilience, governance, green transition and improvement of energy infrastructure.

For his part, David McAllister underlined the European Union's commitment to support the Republic of Moldova, both through financing and through progressive integration into European mechanisms: "Moldova has shown that it is a deeply European country, and our support is firm."

The European negotiators agreed to accelerate financial support for Moldova by providing by about €520 million more in grants and loans by the beginning of May.

At the joint conference, the European and Moldovan authorities reaffirmed their joint commitment to continue reforms and accelerate Moldova's integration into the European Union.