{"id":449649,"date":"2021-09-15T18:14:44","date_gmt":"2021-09-15T18:14:44","guid":{"rendered":"https:\/\/www.moldova.org\/en\/?p=449649"},"modified":"2021-09-15T18:17:22","modified_gmt":"2021-09-15T18:17:22","slug":"moldova-will-receive-a-disbursement-of-36-million-euros-as-part-of-the-the-economic-recovery-plan","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldova-will-receive-a-disbursement-of-36-million-euros-as-part-of-the-the-economic-recovery-plan\/","title":{"rendered":"Moldova will receive a disbursement of 36 million euros as part of the the Economic Recovery Plan"},"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\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>This week, the European Commission approved the disbursement of <strong><span style=\"color: #993300;\">36 million euros<\/span><\/strong> in grant money for the Republic of Moldova. The announcement was made by Deputy Director-General for Neighbourhood Policy and Enlargement Negotiations at the European Commission, <strong>Katarina Mathernova,<\/strong> who paid an official visit to the Republic of Moldova between September 13-15, together with Managing Director for Russia, Eastern Partnership, Central Asia, Regional cooperation and OSCE, at the European External Action Service, <strong>Michael Siebert<\/strong>.<\/p>\n<p>The EU officials had meetings with President Maia Sandu, Minister of Foreign Affairs and European Integration, Nicu Popescu, Speaker of Parliament, Igor Grosu, Prime Minister of the country, Natalia Gavrilita, as well as key representatives of Government, international financial institutions and the civil society, according to a <a href=\"https:\/\/eeas.europa.eu\/delegations\/moldova\/104066\/eu-republic-moldova-relations-and-future-developments-discussed-during-high-level-visit-eu_en\">press release<\/a> issued by the Delegation of the European Union to the Republic of Moldova.<\/p>\n<p>Beside such topics as the EU-Moldova relations and prospects, the priorities of the reform agenda of the new Moldovan Government, preparations for the Eastern Partnership Summit at the end of the year and the Transnistrian conflict settlement, the officials also discussed the EU assistance in support of reforms and the Economic Recovery Plan for Moldova, which was announced in June with a total EU support of <span style=\"color: #993300;\"><strong>600 million euros<\/strong><\/span> over the next 3 years.<\/p>\n<blockquote><p><span lang=\"EN-IE\" xml:lang=\"EN-IE\">&#8220;The first measures under the Economic Recovery Plan will shortly materialize, with the expected disbursement of 36 million euros in grant money under budget support programmes to support the authorities\u2019 efforts to fight against the consequences of the pandemic. Moldova can count on EU\u2019s assistance on its path to reforms and to recovery, bringing tangible results to citizens,&#8221; Katarina Mathernova <a href=\"https:\/\/eeas.europa.eu\/delegations\/moldova\/104066\/eu-republic-moldova-relations-and-future-developments-discussed-during-high-level-visit-eu_en\">stated<\/a>.<\/span><\/p><\/blockquote>\n<p>The plan is based on assistance provided by the European Union through various bilateral and regional instruments, aiming to mobilize the funds in the form of grants, loans, guarantees and macro-financial assistance.<\/p>\n<p><em>&#8220;The Economic Recovery Plan for the Republic of Moldova involves much more, not just this financial support provided immediately. It must help <span style=\"color: #993300;\">digital transformation, strengthen infrastructure, energy efficiency, education and support small and medium-sized enterprises<\/span>,&#8221;<\/em> the EU official also <a href=\"https:\/\/www.privesc.eu\/arhiva\/96272\/Conferinta-de-presa-sustinuta-de-Ministrul-Afacerilor-Externe-si-Integrarii-Europene-al-Republicii-Moldova--Nicu-Popescu--directorul-general-adjunct-a\">said<\/a>.<\/p>\n<p>As Prime Minister <strong>Natalia Gavrilita<\/strong> <a href=\"https:\/\/gov.md\/ro\/content\/comisia-europeana-aprobat-debursarea-grantului-valoare-de-36-de-milioane-de-euro-pentru\">informed<\/a>, <em>&#8220;The Economic Recovery Plan and the 5 flagship initiatives for Moldova in the Eastern Partnership will directly contribute to the reform and consolidation of institutions, stimulate long-term socio-economic development, bring direct benefits to citizens, and unleash new economic opportunities through promoting the green agenda and digitization. Small and medium-sized enterprises (SMEs) have been hit hard by the crisis. Promoting and diversifying access to finance and reducing collateral requirements will be essential in supporting economic operators. We are grateful to the EU partners who will launch two programs to support 50 000 independent Moldovan SMEs to adapt to the new conditions.&#8221;<\/em><\/p>\n<p>President of the Republic of Moldova, <strong>Maia Sandu<\/strong>, welcomed the decision of the European Union to disburse about 745 million lei in grant money, as the official page of the President&#8217;s Office <a href=\"https:\/\/www.presedinte.md\/rom\/presa\/presedintele-maia-sandu-saluta-ajutorul-ue-acest-sprijin-european-este-si-un-semnal-de-incurajare-pentru-noua-echipa-guvernamentala\">announced<\/a>. <em>&#8220;EU support comes after a long period of freezing of European assistance, caused by former governments. We managed to relaunch the political dialogue with the European Union and resume financial assistance. The Republic of Moldova is gradually regaining the trust of its strategic partners. This European support is also a signal of encouragement for the new Government team in its commitment to clean up the institutions, fight corruption and launch development programs in the country,&#8221;<\/em> said Maia Sandu.<\/p>\n<p><span style=\"color: #000080;\"><strong>See also:<\/strong> <a style=\"color: #000080;\" href=\"https:\/\/www.moldova.org\/en\/an-economic-recovery-plan-for-moldova-600-million-euros-for-a-sustainable-recovery-from-the-covid-19-crisis\/\">An Economic Recovery Plan for Moldova: 600 million euros for a sustainable recovery from the COVID-19 crisis<\/a><\/span><\/p>\n<p>Photo: unknown<\/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\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>This week, the European Commission approved the disbursement of 36 million euros in grant money for the Republic of Moldova. The announcement was made by Deputy Director-General for Neighbourhood Policy and Enlargement Negotiations at the European Commission, Katarina Mathernova, who paid an official visit to the Republic of Moldova between September 13-15, together with Managing [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":449650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6,3,4],"tags":[1134,77,168,816,1133,35,27,1056],"class_list":["post-449649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-important-en","category-politics","category-society","tag-economic-recovery-plan","tag-economy","tag-european-union","tag-funding","tag-grant","tag-important","tag-moldova","tag-recovery"],"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\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>This week, the European Commission approved the disbursement of <strong><span style=\"color: #993300;\">36 million euros<\/span><\/strong> in grant money for the Republic of Moldova. The announcement was made by Deputy Director-General for Neighbourhood Policy and Enlargement Negotiations at the European Commission, <strong>Katarina Mathernova,<\/strong> who paid an official visit to the Republic of Moldova between September 13-15, together with Managing Director for Russia, Eastern Partnership, Central Asia, Regional cooperation and OSCE, at the European External Action Service, <strong>Michael Siebert<\/strong>.<\/p>\n<p>The EU officials had meetings with President Maia Sandu, Minister of Foreign Affairs and European Integration, Nicu Popescu, Speaker of Parliament, Igor Grosu, Prime Minister of the country, Natalia Gavrilita, as well as key representatives of Government, international financial institutions and the civil society, according to a <a href=\"https:\/\/eeas.europa.eu\/delegations\/moldova\/104066\/eu-republic-moldova-relations-and-future-developments-discussed-during-high-level-visit-eu_en\">press release<\/a> issued by the Delegation of the European Union to the Republic of Moldova.<\/p>\n<p>Beside such topics as the EU-Moldova relations and prospects, the priorities of the reform agenda of the new Moldovan Government, preparations for the Eastern Partnership Summit at the end of the year and the Transnistrian conflict settlement, the officials also discussed the EU assistance in support of reforms and the Economic Recovery Plan for Moldova, which was announced in June with a total EU support of <span style=\"color: #993300;\"><strong>600 million euros<\/strong><\/span> over the next 3 years.<\/p>\n<blockquote><p><span lang=\"EN-IE\" xml:lang=\"EN-IE\">&#8220;The first measures under the Economic Recovery Plan will shortly materialize, with the expected disbursement of 36 million euros in grant money under budget support programmes to support the authorities\u2019 efforts to fight against the consequences of the pandemic. Moldova can count on EU\u2019s assistance on its path to reforms and to recovery, bringing tangible results to citizens,&#8221; Katarina Mathernova <a href=\"https:\/\/eeas.europa.eu\/delegations\/moldova\/104066\/eu-republic-moldova-relations-and-future-developments-discussed-during-high-level-visit-eu_en\">stated<\/a>.<\/span><\/p><\/blockquote>\n<p>The plan is based on assistance provided by the European Union through various bilateral and regional instruments, aiming to mobilize the funds in the form of grants, loans, guarantees and macro-financial assistance.<\/p>\n<p><em>&#8220;The Economic Recovery Plan for the Republic of Moldova involves much more, not just this financial support provided immediately. It must help <span style=\"color: #993300;\">digital transformation, strengthen infrastructure, energy efficiency, education and support small and medium-sized enterprises<\/span>,&#8221;<\/em> the EU official also <a href=\"https:\/\/www.privesc.eu\/arhiva\/96272\/Conferinta-de-presa-sustinuta-de-Ministrul-Afacerilor-Externe-si-Integrarii-Europene-al-Republicii-Moldova--Nicu-Popescu--directorul-general-adjunct-a\">said<\/a>.<\/p>\n<p>As Prime Minister <strong>Natalia Gavrilita<\/strong> <a href=\"https:\/\/gov.md\/ro\/content\/comisia-europeana-aprobat-debursarea-grantului-valoare-de-36-de-milioane-de-euro-pentru\">informed<\/a>, <em>&#8220;The Economic Recovery Plan and the 5 flagship initiatives for Moldova in the Eastern Partnership will directly contribute to the reform and consolidation of institutions, stimulate long-term socio-economic development, bring direct benefits to citizens, and unleash new economic opportunities through promoting the green agenda and digitization. Small and medium-sized enterprises (SMEs) have been hit hard by the crisis. Promoting and diversifying access to finance and reducing collateral requirements will be essential in supporting economic operators. We are grateful to the EU partners who will launch two programs to support 50 000 independent Moldovan SMEs to adapt to the new conditions.&#8221;<\/em><\/p>\n<p>President of the Republic of Moldova, <strong>Maia Sandu<\/strong>, welcomed the decision of the European Union to disburse about 745 million lei in grant money, as the official page of the President&#8217;s Office <a href=\"https:\/\/www.presedinte.md\/rom\/presa\/presedintele-maia-sandu-saluta-ajutorul-ue-acest-sprijin-european-este-si-un-semnal-de-incurajare-pentru-noua-echipa-guvernamentala\">announced<\/a>. <em>&#8220;EU support comes after a long period of freezing of European assistance, caused by former governments. We managed to relaunch the political dialogue with the European Union and resume financial assistance. The Republic of Moldova is gradually regaining the trust of its strategic partners. This European support is also a signal of encouragement for the new Government team in its commitment to clean up the institutions, fight corruption and launch development programs in the country,&#8221;<\/em> said Maia Sandu.<\/p>\n<p><span style=\"color: #000080;\"><strong>See also:<\/strong> <a style=\"color: #000080;\" href=\"https:\/\/www.moldova.org\/en\/an-economic-recovery-plan-for-moldova-600-million-euros-for-a-sustainable-recovery-from-the-covid-19-crisis\/\">An Economic Recovery Plan for Moldova: 600 million euros for a sustainable recovery from the COVID-19 crisis<\/a><\/span><\/p>\n<p>Photo: unknown<\/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\/moldova-will-receive-a-disbursement-of-36-million-euros-as-part-of-the-the-economic-recovery-plan\/' data-heateor-sss-no-counts=\"1\"><div class='heateor_sss_sharing_title' style=\"font-weight:bold\" 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name=\"twitter:data1\" content=\"Maria Dulgher\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/moldova-will-receive-a-disbursement-of-36-million-euros-as-part-of-the-the-economic-recovery-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/moldova-will-receive-a-disbursement-of-36-million-euros-as-part-of-the-the-economic-recovery-plan\\\/\"},\"author\":{\"name\":\"Maria Dulgher\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/#\\\/schema\\\/person\\\/4cd49a1f49c7d48a105c8a4cb7e3a2bf\"},\"headline\":\"Moldova will receive a disbursement of 36 million euros as part of the the Economic Recovery 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