Political

Moldova risks losing 1.9 billion euros in EU funds

The Republic of Moldova risks losing access to 1.9 billion euros in European Union funds allocated for economic growth if politicians who take power abandon their commitments to the European Union.

Siegfried Mureșan, a Member of the European Parliament, warned that adhering to legislation and European values is a critical condition for ensuring these funds reach the citizens.

Whenever the Republic of Moldova has a government that upholds the law and respects its European commitments, the European Union will support it – the funds will arrive. However, if, hypothetically, a government in Moldova were to declare: we are turning our back on the European Union, no longer honoring commitments, and disregarding European laws, the European Commission would be unable to make payments to Moldova. I do not want this to happen, I do not believe it will happen, and I hope it will not happen, but we have the duty to tell the citizens of Moldova the truth.

The MEP cited the example of Hungary, which has 20 billion euros in European funds blocked due to the policies of the government led by Viktor Orban – one of the few European leaders maintaining close relations with Kremlin leader Vladimir Putin, opposing sanctions and Western military efforts to assist Ukraine in repelling the Russian invasion.

We have 1.9 billion euros allocated for Moldova, and we hope that in the future, Moldova will have cooperative authorities. For example, Hungary has 20 billion euros in European funds blocked because Viktor Orban undermines European values, attacks European institutions, and assaults independent media and the judiciary. Anyone seeking European funds must uphold European values.

The Growth Plan for Moldova, worth 1.9 billion euros, focuses on modernizing infrastructure, supporting the private sector, and financing key economic reforms necessary for European integration.

The mechanism will be implemented from 2025 to 2027 and includes the allocation of up to 385 million euros in grants, with the remainder – 1.5 billion euros – provided as loans with favorable terms, long repayment periods, and advantageous interest rates. The funds will be released twice a year, upon requests from the Government of Chișinău and after the European Commission verifies that the conditions in the reform agenda have been met.

Translation by Iurie Tataru

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