Romanian Senate Agrees on EUR 100 M Aid to Moldova

Business » FINANCE | April 9, 2014, Wednesday // 17:55
Bulgaria: Romanian Senate Agrees on EUR 100 M Aid to Moldova Victor Ponta?s government says Romania has significantly contributed to Moldova?s progress on Association Agreement talks. Photo by EPA/BGES

Romania's Senate voted Tuesday to approve a draft law providing EUR 100 M of financial aid to the Republic of Moldova.

The substantiation note attached to the bill says the non-refundable package is aimed at contributing "to the promotion of the process reform in the Republic of Moldova and reduce the economic and social disparities," the Romanian agency Agerpres reports.

Since the beginning of the Crimean standoff between Russia and Ukraine, Romania has stepped up diplomatic effort to boost positive developments of Moldova, often described as the EU's poorest country.

It is now one of the staunchest supporters of Moldova's signing of an Association Agreement with the EU which is due in June this year.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: Romania, moldova, EU, aid, Association Agreement

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria