Head of EU delegation details 90-million-euros grant for Moldova
Head of the European Union Delegation in Moldova Dirk Schuebel has given details on a 90-million-euros grant given to Moldova. Contacted by MOLDPRES, the European official said that the grant cand be used only to stabilize the country's macro-financial situation.
Fifty million euros will be transferred this autumn, and the rest of 40 million in 2011. "The process of approval within the European structures is about to end, but there is a string of conditions which should be fulfilled," Dirk Schuebel said.
A delegation of experts of the European Commission is to come to Chisinau soon to analyze the situation, and the first installment will be transferred only after that. The head of the EU Delegation added: "We are happy that the European Parliament managed to quickly pass the approval procedures."
The assistance comes in the context of the negotiations on the Moldova-European Union association agreement, which started on 12 January 2010.
Moldpres
- Moldova gets financial support from the UN for 2013-2017
- Moldova is among the countries with a low external debt
- USA to invest in Transnistria
- Moldova’s air market isn’t competitive enough
- The external public debt of Moldova rose in 2011
- Moldova has the lowest wages in Europe
- Moldova might import natural gas from Ukraine
- Moldova gets 13 million euro from EU for the Transnistrian region
- Air Moldova continues to be the leading airline in Moldova
- No More Work Restrictions for Romanians in Italy and Island
- Asia, US helps Mercedes Benz sales hit record high in 2006
- Cricova: The Largest Underground Wine Cellar in the World
- What does Remortgage mean?
- Dutch bear profit rises 26 percent
- Foreign direct investment in India doubles during 2006
- Greece: Socialist government's budget deficit of 12.5% caused debt crisis
- Toyota in talks to build new China plant
- Walt Disney profit up 39 percent
- DaimlerChrysler is not planning to manufacture trucks in India