The Cabinet on July 25 approved the initiation of talks with the European Commission on a financing agreement under which €12 million in financing will be provided through the European Neighborhood Instrument, IPN reports.

The money will be used to take measures to ensure the equitable implementation of the commercial legislation, to efficiently manage the state assets and public investments, to strengthen the protection of investors’ rights, to do reforms in the supervision of the financial sector.

In the same meeting, the Cabinet approved the initiation of talks and the signing of an agreement between the Republic of Moldova and the European Commission that envisions the allocation of €5 million in support for such areas as civil society, good governance, water and sanitation, waste management and energy efficiency.