On 15 December, the European Investment Bank and the European Bank for Reconstruction and Development signed letters of acknowledgment for loans of €30 million each with the Republic of Moldova, in the presence of Moldovan President Maia Sandu and Deputy Director General of the European Commission Katarína Mathernová.
These loans, combined with an earlier contribution of €15 million by the European Commission and further in-kind support from the Republic of Moldova, will contribute to the project on ‘Increasing energy efficiency — expanding the refurbishment of district heating systems in residential buildings in Chisinau and Balti’, one of the five flagship initiatives for the Republic of Moldova under the European Union’s Economic and Investment Plan for the Eastern Partnership. With this latest assistance, the EU will help the Republic of Moldova to reduce its reliance on fossil fuels, reduce energy bills, and contribute to their climate goals.
In addition, the EU is helping Moldova by providing immediate technical assistance and expertise in the energy sector.
Furthermore, the €60 million budget support also signed today on the margins of the Eastern Partnership Summit aims to address the negative impact of the crisis on vulnerable groups and to improve the country’s preparedness and resilience to potential future crises.
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