EU steps up its support for Moldova with an additional €53 million

Following the Ministerial Conference held in Berlin to launch the Moldova Support Platform established by Germany, France and Romania, the European Union initiates a budget support program for the immediate period, IPN reports, quoting the EU Delegation to the Republic of Moldova.

Commissioner for Neighborhood and Enlargement, Olivér Várhelyi, announced an additional EUR 53 million to help the Republic of Moldova cope with the multiple repercussions of the Russian military aggression against Ukraine. This support will take the form of a budget support program to be delivered as quickly as possible.

Through the EU Civil Protection Mechanism, 18 countries (17 Member States plus Norway) have offered large quantities of shelter items, energy supply and medical aid. The Commission has also mobilized medical equipment from the rescEU medical stockpiles hosted by Hungary and the Netherlands.

This EUR 53 million budget support comes in addition to other ongoing crisis support provided by the EU to Moldova, which includes the EUR 150 million Macro-Financial Assistance Program to be disbursed in the coming months.

In addition to the crisis management, the EU continues to support Moldova’s long-term recovery and resilience, in particular through the Eastern Partnership Economic and Investment Plan, aiming to mobilize around EUR 3.4 billion in public and private investments for five flagships: SME support, trade facilitation, energy efficiency, connectivity and human capital development. Last week the European Investment Bank and Moldova agreed EUR 150 million loan to connect Moldova to the TEN-T network.

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