Monday, October 5, 2009

EBRD to give Moldova 80 million Euros

The European Bank for Reconstruction and Development recently announced that it would offer help to Moldova worth about 80 million Euros. The money would be used for transportation, city infrastructure, and energy supply projects.

The ruling Alliance for European Integration has said that it will need a lot of financial support from Western countries and international organizations in order to overcome the economic crisis. The coalition has also been less willing to ask for financial help from Russia and China, which have promised to offer loans to Moldova that are worth 500 million U.S. dollars and one million U.S. dollars respectively.

h/t www.stireazilei.md

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