During 2014-2020, the Republic of Moldova could access from €610 million to €740 million in financial support from the European Union, Head of the EU Delegation in Chisinau Peter Michalko stated in the talk show “Fabrika” on Publika TV channel, IPN reports.

According to the EU Ambassador, the exact volume of financial resources depends on Moldova’s capacity and ability to absorb the money. “This money comes from the citizens of the EU member states and represents assistance that underlines the partnership relations existing between the EU and the Republic of Moldova,” stated the ambassador.

Peter Michalko said the fact that the European Union is the largest investor in the Republic of Moldova means jobs, revenues from exports that are stable and have growth prospects, opening of the gate that can bring more investments to Moldova, which would mean more opportunities for salary raises and for a better life. “At the same time, this means the introduction of the highest standards in the economy, but also in society in the broader meaning. These standards are identical to the EU’s and they can help achieve the objective defined in the Association Agreement – political association and economic integration,” said the Head of the EU Delegation.