{"id":266039,"date":"2012-07-23T18:18:36","date_gmt":"2012-07-23T18:18:36","guid":{"rendered":"http:\/\/new.moldova.org\/2012\/07\/23\/ebrd-offers-5-million-for-supporting-energy-efficiency-projects-in-moldova-231939-eng\/"},"modified":"2012-07-23T18:18:36","modified_gmt":"2012-07-23T18:18:36","slug":"ebrd-offers-5-million-for-supporting-energy-efficiency-projects-in-moldova-231939-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/ebrd-offers-5-million-for-supporting-energy-efficiency-projects-in-moldova-231939-eng\/","title":{"rendered":"EBRD offers $5 million for supporting energy efficiency projects in Moldova"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p>The European Bank for Reconstruction and Development (EBRD) offers $5 million credit line to Moldova&rsquo;s ProCreditBank. The money is designed to give loans for energy efficiency projects which are to be run by the local private enterprises, Infotag news agency reports.<\/p>\n<p>&ldquo;The credits may be used for replacing outdated boilers, electrical motors, transformers and other electrical equipment so as to reduce power consumption and use power more efficiently,&rdquo; the source informs.<\/p>\n<p>This credit is part of the EBRD-funded Moldovan Sustainable Energy Financing Facility Project. The total budget raises to 22 million Euro. The Program continues part of the project which amounts 20 million Euro.<\/p>\n<p>EBRD is a significant financial contributor to Moldova. It concentrates on three areas: private enterprise, financial institutions and infrastructure.<\/p>\n<p>According to EBRD, the financial crisis underlined Moldova&rsquo;s economic dependence on consumption partly financed by remittances.<\/p>\n<p>&ldquo;The challenge for the authorities is to encourage greater export orientation through reforms to improve the institutional environment, including reducing corruption and the arbitrary interference of the state in the economy, and through measures to increase investment in infrastructure,&rdquo; the EBRD says about Moldova.<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>The European Bank for Reconstruction and Development (EBRD) offers $5 million credit line to Moldova\u2019s ProCreditBank. The money is designed to give loans for energy efficiency projects which are to be run by the local private enterprises, Infotag news agency reports.<\/p>\n","protected":false},"author":3,"featured_media":266038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-266039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p>The European Bank for Reconstruction and Development (EBRD) offers $5 million credit line to Moldova&rsquo;s ProCreditBank. The money is designed to give loans for energy efficiency projects which are to be run by the local private enterprises, Infotag news agency reports.<\/p>\n<p>&ldquo;The credits may be used for replacing outdated boilers, electrical motors, transformers and other electrical equipment so as to reduce power consumption and use power more efficiently,&rdquo; the source informs.<\/p>\n<p>This credit is part of the EBRD-funded Moldovan Sustainable Energy Financing Facility Project. The total budget raises to 22 million Euro. The Program continues part of the project which amounts 20 million Euro.<\/p>\n<p>EBRD is a significant financial contributor to Moldova. It concentrates on three areas: private enterprise, financial institutions and infrastructure.<\/p>\n<p>According to EBRD, the financial crisis underlined Moldova&rsquo;s economic dependence on consumption partly financed by remittances.<\/p>\n<p>&ldquo;The challenge for the authorities is to encourage greater export orientation through reforms to improve the institutional environment, including reducing corruption and the arbitrary interference of the state in the economy, and through measures to increase investment in infrastructure,&rdquo; the EBRD says about Moldova.<br \/>\n&nbsp;<\/p>\n<div class='heateorSssClear'><\/div><div  class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' data-heateor-sss-href='https:\/\/www.moldova.org\/en\/ebrd-offers-5-million-for-supporting-energy-efficiency-projects-in-moldova-231939-eng\/' data-heateor-sss-no-counts=\"1\"><div class='heateor_sss_sharing_title' style=\"font-weight:bold\" ><\/div><div class=\"heateor_sss_sharing_ul\"><a 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