EU further increases its budget support to Moldova

On 15 July, EU Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, announced that the €53 million budget support to Moldova announced earlier this year would  be increased to €75 million.

Together with the €60 million budget support adopted at the end of last year, this brings the European Union’s total budget support package for Moldova to €135 million since December 2021. 

This budget support package addresses rising energy costs as well as the severe impact of Russia’s war against Ukraine.

This additional support will help Moldova cope with the multiple consequences of Russian military aggression against Ukraine. In particular, it will help Moldova’s most vulnerable populations cope with rising energy prices and will support Moldova’s long-term socio-economic recovery, energy security and energy transition. 

The support is expected to be provided as soon as possible before the end of the month.

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Press release