en

 

Economy
09 August, 2026 / 17:47
/ 09 November, 2022

Moldova to borrow 60 million euros to modernize energy, railway system

Moldpres
Agenția Informațională de Stat

Chisinau, Nov. 9 /MOLDPRES/- Moldova will get a loan worth 60 million euros by the French Development Agency. The parliamentary commission on foreign policy and European integration approved an agreement in this regard today.

Under the document, the money will be used to strengthen social protection programs, to mitigate the impact of rising gas prices and to adopt reforms to develop renewable energies. Also, the financial resources will be used for the adoption of a new railway transport code and the reform of the sector.

The loan to be contracted provides for a maturity of 15 years, including the five-year grace period. Its repayment will be made twice a year, in 20 equal installments. The loan will be disbursed in a single installment, the deadline is 13 October 2023.

Photo: serviciilocale.md


 
Latest News
/ 5 days ago

Energocom continues gas procurement for next cold season

/ 7 days ago

State to intervene to help citizens, if natural gas prices rise; Moldovan parliament speaker says government to come up with solutions, state cannot leave people facing price hikes

/ 7 days ago

Energocom company of Moldova urges consumers to reduce electricity use during peak hours

/ 31 July, 2026

VIDEO // Available fuel stocks increase in Moldova; energy minister says measures adopted yield results

/ 31 July, 2026

Two years since launch of MIA Instant Payments in Moldova: over 31 million transactions processed, with total value of around 28.5 billion lei

/ 31 July, 2026

VIDEO // Investments in government securities exceed 1.3 billion lei via eVMS.md platform in Moldova

/ 31 July, 2026

State-owned companies of Moldova increase profit more than fivefold in 2025; who tops ranking

/ 30 July, 2026

Moldovan parliament obliges gas supplier from Transnistrian region to create strategic reserves

/ 30 July, 2026

Moldova to receive 350,000-dollar grant for implementing Register of Movable Collateral system

/ 30 July, 2026

Strategic transport infrastructure projects to benefit from faster authorization procedures in Moldova

/ 30 July, 2026

Benefits for consumers in Moldova: smart meters' data to be read remotely, processed automatically

/ 30 July, 2026

Moldova’s agricultural sector to benefit from new 150-million-euros financing programme

/ 29 July, 2026

Moldova to modernize 134 km of road with funding from top European bank

/ 29 July, 2026

VIDEO // Fuel stocks replenished with new imports of petrol, diesel in Moldova