EU Grants Moldova €1.9 Billion for Development Amid Political Dispute

EU Grants Moldova €1.9 Billion for Development Amid Political Dispute

Politics

The European Union has approved a €1.9 billion financial support package for Moldova, aimed at modernizing infrastructure, building hospitals and schools, and creating jobs. This represents the largest EU aid package in Moldova’s history, including €520 million in grants and €1.5 billion in low-interest loans, CE Report quotes MOLDPRES

Speaker Igor Grosu defended the funding, stating that EU support is essential for Moldova’s progress, while criticizing the Socialist Party (PSRM) for opposing it. The Socialists argue that the aid increases Moldova’s debt burden and call for public debate on the issue.

Grosu dismissed PSRM’s claims, pointing out that previous governments sought loans from Russia instead. He emphasized that EU funds have already contributed to local development projects, unlike Russian aid.

The European assistance aims to strengthen Moldova’s resilience against hybrid threats and Russian interference, with an increased pre-financing mechanism to accelerate energy security and anti-corruption efforts.

Tags

Related articles

EU Approves €1.9B for Moldova's Growth
On May 9, Moldova is set to sign its largest-ever financial agreement with the European Union, as Prime Minister Dorin Recean and EU Enlargement Commissioner Marta Kos formalize a €1.9 billion Economic Growth Plan.
Romania and Moldova to Create Joint Visual Archive
On May 6, Romania and Moldova signed a Joint Declaration of Cooperation in Bucharest to create a Romania–Moldova Joint Visual Archive.
Türkiye, Iraq Launch Key Road Project
At a joint press conference in Ankara, Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Mohammed Shia al-Sudani highlighted the strategic importance of the Türkiye-Iraq Development Road Project.
Greece Reaffirms Support for Cyprus
During an official visit to Cyprus on Thursday, President of the Hellenic Parliament, Constantine Tassoulas, addressed the House of Representatives, emphasizing Greece’s unwavering support for a just and lasting resolution to the Cyprus issue.
Patriarch Bartholomew Visits Athens
Prime Minister Kyriakos Mitsotakis welcomed Ecumenical Patriarch Bartholomew to the Maximos Mansion on Thursday during the Patriarch's visit to Athens, marking the 150th anniversary of the Church of Aghios Nikolaos.
CEC Accredits 21 Observers for Local Elections
Moldova's Central Electoral Commission (CEC) has accredited 21 national observers to monitor the local elections scheduled for May 18, 2025.
Greece Targets Campus Violence
The Greek government is firmly committed to tackling delinquency on university campuses, Deputy Prime Minister Kostis Hatzidakis said in an interview with ERT1 on Thursday.