The Bank operates in Moldova in line with the European Neighbourhood Policy (ENP), the Eastern Partnership (EaP) and other EU bilateral agreements. The Bank provides financing to key sectors, including small businesses, transport and the management of water and energy. The EIB has helped Moldova diversify its energy sources by supporting projects such as the Ungheni-Chisinau gas interconnection. In 2019, we provided a €25 million loan to finance projects that are part of the country’s Waste Management Strategy.
We are collaborating with Moldova to expand and upgrade the Trans-European Transport Network (TEN-T). Improved connections among the EaP countries and with the EU will contribute to meeting EU climate change goals and to safer journeys.
Climate action is a central part of EIB financing and energy efficiency is a high priority. In partnership with Moldova and the European Commission, we support the thermal rehabilitation of public and residential buildings.
Our projects foster the local and regional economy, as well as the development of the private sector and small and medium-sized enterprises (SMEs). The EIB supports SMEs and mid-caps in Moldova through a number of private sector banks. We also work with the government in the agro-industry sector, in particular in the fruit and wine value chain, helping Moldovan companies succeed internationally.
The European Investment Bank (EIB), the lending arm of the European Union, will provide €55 million for the ProCredit group to create new credit lines for small and medium-sized enterprises (SMEs) in Ukraine, Georgia and Moldova and support a faster recovery of their economies from the COVID-19 pandemic. The credit lines can be made available in multiple currencies, including in the local currencies.