EU unveils €641 million investment package to boost Moldova’s economy

Economy & Policy, Europe-Asia

BRUSSELS, Belgium (NPA) — The European Union has announced investment plans and project initiatives worth up to €641 million aimed at strengthening Moldova’s economy, improving infrastructure and accelerating the country’s integration into European markets.

The announcement was made by the European Commissioner for Enlargement, Marta Kos, during the EU-Moldova Investment Conference.

According to the European Commission, the package brings together funding from international financial institutions, private sector partners and public stakeholders to support key sectors including energy, digital infrastructure, education and sustainable agriculture.

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The initiative is designed to enhance Moldova’s economic resilience, expand access to finance, modernise infrastructure and deepen integration into European value chains.

A major component of the package includes up to €433 million mobilised through a combination of European Union grants, guarantees and loans in partnership with leading international financial institutions.

Under the arrangement, the Agence Française de Développement (AFD) will support energy-efficiency projects in public buildings and residential housing, while the European Investment Bank (EIB) will finance the modernisation of school infrastructure across Moldova.

The European Bank for Reconstruction and Development (EBRD) will support the development of digital infrastructure and services, strengthen strategic investment frameworks and enhance private-sector competitiveness and innovation.

The European Fund for Southeast Europe (EFSE) and the Green for Growth Fund (GGF) will help expand access to finance for businesses and households.

In addition, eight private-sector projects worth up to €208 million in planned investments were selected under the EU’s Call for Expressions of Interest for private investments in Moldova.

Letters of Intent were signed in the presence of Moldova’s President Maia Sandu, Prime Minister Alexandru Munteanu and Commissioner Kos.

The selected projects include investments in private equity, data centres, technology innovation, pharmaceuticals, manufacturing, logistics, water infrastructure and agricultural exports.

Among the companies involved are INVL, TET, Micro Nano Tech, Balkan Pharmaceuticals, KB Container, Danube Logistics, BOSAQ and VED-MAR AGRO.

The EU said the investments are expected to support Moldova’s economic transformation, improve connectivity, strengthen industrial capacity and create new opportunities for businesses and citizens.

Looking ahead, the European Union and Moldova are expected to hold their second EU-Moldova Summit on June 22, where both sides will reaffirm their strategic partnership and commitment to Moldova’s European integration ambitions.

The investment package forms part of the EU’s broader Growth Plan for Moldova, a €1.9 billion programme proposed in October 2024 to support reforms, economic growth and development between 2025 and 2027.

According to the European Commission, Moldova has already received €504 million under the Growth Plan, making it the largest financial support package ever provided by the EU to the country.

EU officials said they will continue working closely with the Moldovan government, international financial institutions and private-sector partners to ensure the successful implementation of the announced projects and deliver tangible benefits for citizens and businesses.