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The EU will allocate Moldova 12 million euro to strengthen the country's economic growth potential through a transparent, efficient, competitive and sustainable economic environment

The EU will allocate Moldova 12 million euro to strengthen the country's economic growth potential through a transparent, efficient, competitive and sustainable economic environment

This is stipulated by the draft of a corresponding financing agreement between the government of Moldova and the European Commission, the beginning of negotiations on which the Cabinet approved. The government approved a group of negotiators led by State Secretary of the Ministry of Economy and Infrastructure Vitalie Iurcu, instructing them to hold talks with the European Commission on the early allocation of funding on mutually beneficial terms. Vitalie Iurcu was given the authority to sign protocols or other documents during the talks. Minister of Economy and Infrastructure Chiril Gaburici noted that the European Commission is expected to allocate Moldova a grant worth 12 million euro within the framework of the European Neighborhood Instrument. In addition, another 250 thousand euro will be allocated as co-financing from the EBRD within the framework of the previously approved annual EU action program. The aim of EU financial assistance is to support the potential of our country's economic growth by creating a more transparent and efficient, competitive and sustainable economic environment. The matter concerns the assistance in solving fundamental problems in the field of economic management and business environment, developing digital, trade and energy infrastructure, as well as improving the economic management and management of state assets. The program will also provide assistance to national authorities to absorb the opportunities for political, social and economic development arising from the Association Agreement and the Agreement on Deep and Comprehensive Free Trade between the Republic of Moldova and the EU. //25.07.2018 - InfoMarket.

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