The European Union has allocated €157 million in financial support to Moldova, APA reports.
The additional funding was disbursed at the 10th EU-Moldova Association Council following the European Commission’s positive assessment that Moldova had successfully completed 18 reforms linked to the Growth Plan.
The reforms cover all seven areas of the Plan: private sector development, economic resilience, economic governance, social cohesion and labour markets, energy, green transition, and good governance.
With the latest payment, the total amount made available to Moldova under the Plan has reached €661 million.
The European Commission noted that Moldova continues to demonstrate steady determination and progress on its Reform Agenda, turning reforms into opportunities for people and businesses.
The Commission continues to support Moldova in implementing the Growth Plan. The instrument is intended to support Moldova’s economic growth and job creation by accelerating reforms and improving the country’s access to the EU Single Market, thus bringing Moldova closer to EU membership.
In October 2024, the European Commission proposed a €1.9 billion Growth Plan for Moldova, underpinned by a Reform and Growth Facility for 2025-2027. It is the largest EU financial support package for the country.
Between 2021 and 2025, the EU allocated more than €1.2 billion in grants to Moldova. This includes direct budget support for energy security and the clean energy transition, assistance to 1.2 million households to help cope with rising electricity bills, and support for justice sector reforms aimed at strengthening independence and improving efficiency.
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