Moldova Gets EU Loan For Winemaking Sector
Moldova Gets EU Loan For Winemaking Sector
Nov 19, 2010 6
CHISINAU -- The European Union will lend Moldova 75 million euros ($102 million) to help it modernize its winemaking facilities, RFE/RL's Moldovan Service reports.
Moldovan Deputy Agriculture Minister Vasile Bumacov told RFE/RL today that the loan would come from the European Investment Bank, the EU's long-term lending agency.
Wine and wine-based spirits are Moldova's main exports. The EU recently decided to almost double Moldova's annual quota of wine exports to the bloc of some 500 million people.
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