EIB backs Moldova wine industry and road infrastructure with €150 million loans
EIB backs Moldova wine industry and road infrastructure with €150 million loans
Nov 24, 2010 6
The European Investment Bank (EIB) is providing €150 million in loans to Moldova, €75 million to finance the increase of the quality of the Moldovan wine industry, and another €75 million to support the rehabilitation and upgrade of priority roads.
Eva Srejber, EIB Vice-President responsible for financing operations in the Eastern Neighbour countries, who signed the loan contract with Prime Minister Vladimir Filat, commented: “EIB funds will help to increase the competitiveness of Moldova in several ways: through improving the performance and export possibilities of the key sector of the Moldova’s economy, the wine industry, and the rehabilitation, capacity and safety increase of the key roads in the country.”
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