Dombrovskis: Moldova Gains Access to Over €503 Million in EU Funding

Valdis Dombrovskis: Moldova has access to more than €503 million

The European Union has granted the Republic of Moldova access to funding totalling over €503 million in the form of grants and soft loans. This was announced by Valdis Dombrovskis, Executive Vice-President of the European Commission and Commissioner for Economic Affairs, during his first working visit to Chișinău.

Valdis Dombrovskis

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The allocated funds form part of a large-scale Economic Growth Plan for Moldova with a total budget of €1.9 billion. At a joint press conference with Moldovan Prime Minister Vasile Tofan, the European Commissioner emphasised that the country’s economic integration into the EU is already yielding tangible results.

According to him, Moldova has already successfully implemented 28 key reforms; however, in order to receive the next tranches, the authorities must fulfil a further 40 commitments by December 2026 and implement 57 reforms in 2027 (including reforms of public administration and state-owned enterprises).

The European Commission is already assessing the implementation of the steps required to unlock the next support package, amounting to €157 million. Chisinau has already physically received the first €477 million from the available fund.

The European Commissioner also praised Moldova’s progress towards financial integration with the EU. Speaking at a meeting with Anca Dragu, Governor of the National Bank of Moldova (NBM), he highlighted key economic achievements and priorities for further cooperation. During the bilateral meeting, discussions centred on the readiness and reform of Moldova’s banking sector to ensure it fully complies with the EU’s strict prudential standards.

Dombrovskis noted that “integration is a day-to-day process”. As an example, he cited Moldova’s accession to the Single Euro Payments Area (SEPA), which saved citizens and businesses around €6 million on cross-border transfers in the first six months. Other recent achievements include the abolition of roaming charges with the EU and the strengthening of energy security.

For his part, Prime Minister Vasile Tofan reaffirmed strict fiscal discipline in the spending of European funds. He stated that the government’s aim is to open all negotiation clusters with the EU by the end of this year and to proceed to the signing of the Treaty of Accession to the EU by the end of 2028.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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