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The European Union renewed the budget support of Moldova, transferring the first tranche of grant aid in the amount of 14.54 million euros.

The European Union renewed the budget support of Moldova, transferring the first tranche of grant aid in the amount of 14.54 million euros.

The European Commission renewed Moldova’s budget support, transferring today 14.54 million euros to support the implementation of the EU-Moldova Free Trade Agreement, to finance vocational training and to help implement the action plan on visa liberalization. According to a press release from the European Commission, the European Commissioner for Neighborhood Policy and Enlargement Negotiations, Johannes Hans, said in this connection that unblocking EU assistance is a clear sign of support for Moldova and its citizens by the European Union. “It is also a high appreciation of the measures already taken and the encouragement of the authorities to continue in the same spirit, about strengthening the rule of law and democracy and fighting corruption. The EU is firmly committed to supporting and accompanying Moldova on this reform path” he said. As noted in a press release from the European Commission, the EU recognized the progress of the new government in several areas. Thus, the new Moldovan government expressed its resolute commitment to fulfill the reform agenda, in accordance with the provisions of the EU-Moldova Association Agreement, highlighting the fight against corruption as a top priority. At the same time, the parliament began work on a new legislative agenda. Some of its decisions concerned a legislative initiative to abolish the previous mixed election system and implement the recommendations of the Venice Commission. The parliament also created an investigative commission on banking fraud in 2014 and adopted decisions aimed at helping to depoliticize state institutions and fight corruption. Local elections were scheduled for October 20, and the new authorities pledged to ensure their conduct in a reliable, transparent and inclusive manner. In addition, the new government also renewed relations with the International Monetary Fund, and the IMF team and the Moldovan authorities reached a technical agreement on the fourth and fifth assessments of the economic program with the fund. The IMF also recognized the authorities' progress in strengthening macroeconomic policies and stressed the need to maintain the pace of reform and take decisive steps in the fight against corruption. Recall that the total amount of budget support from Moldova by the EU this year is expected to exceed 45 million euros. The resumption of payments follows a nearly two-year period during which such payments were suspended due to the deterioration of the rule of law situation in the country. // 23.07.2019 - InfoMarket.

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