The European Commission Will Provide a 60 Million Euros Grant to Moldova for Crisis Management in the Energy Sector

The European Commission Will Provide a 60 Million Euros Grant to Moldova for Crisis Management in the Energy Sector
by
08 December 2021 | 08:54

Moldova and the European Commission will sign a financing agreement for the management of the energy crisis in Moldova. The representatives of the Parliament announced that the European Commission would offer to Moldova a grant of 60 million euros.

The note from the Legislature states that on Wednesday, December 8, the Foreign Policy and European Integration Commission approved the start of negotiations and the signing of the Financing Agreement between the Moldovan Government and the European Commission on “Contract for State Consolidation and Resilience for Moldova.”

The funds will be provided in the form of non-reimbursable assistance under the Neighborhood, Development Cooperation, and International Cooperation Instrument – Global Europe.

The purpose of the agreement is to mitigate the socio-economic impact of rising gas prices, increase the Government’s capacity to provide personalized services to vulnerable groups, and long-term socio-economic recovery, energy security, and energy transition in Moldova.

The amount is to be disbursed in a single installment by the end of this month. The initiative to conclude the agreement belongs to the European Commission.

AUTHOR MAIL eng.zdg@gmail.com

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