The Cabinet endorsed the agreement on the provision of an assistance loan between the Governments of Moldova and Poland, which was signed in Warsaw on May 14, 2014. The accord is to be ratified by Parliament, IPN reports.

The loan of over €100 million is repayable in 25 years, with a grace period of five years, at an annual interest rate of 0.15%.

The money will go to support projects to modernize the agrifood sector, especially the production of vegetables, provision of sowing, planting and harvest equipment, and construction of postharvest and cold storage facilities

The poultry breeding farms will be modernized. There will be created a unit for making powdered eggs, which are in demand on the EU market, and built bird slaughterhouses.