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BackThe European Union allocated 157 million euros to Moldova as part of its development plan
The European Union allocated 157 million euros to Moldova as part of its development plan
Politics
РИА Новости39 minutes agoPolitics1 min readRussiaView original

The European Union allocated 157 million euros to Moldova as part of its development plan

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  • The European Union transferred 157 million euros to Moldova to support reforms.
  • The funds are intended to modernize infrastructure, education and create jobs amid the current economic crisis in the country.

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Why It Matters

Moldova is in a state of economic crisis, characterized by high inflation and rising public debt.

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The European Union paid Moldova 157 million euros as part of a special development plan, which became the country's largest financial support package, European Commissioner for Enlargement Marta Kos said.

“We have made a payment of 157 million euros as part of Moldova’s growth plan,” Kos said following a meeting of the EU-Moldova Association Council.

According to her, the allocation of funds is related to Chisinau’s implementation of the reforms provided for in the program, and the money should be directed to modernizing roads, education and creating jobs.

Kos also made a traditional statement about the need to speed up work to ensure Moldova’s energy independence, despite the fact that the country’s refusal of Russian gas in favor of energy resources from Europe has already led to a sharp rise in prices for the population and the start of opposition protests.

Open Questions

  • What is the specific time frame for implementing road improvement projects?

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This article was originally published by РИА Новости.

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