emg home
City deserted because of sludge from Mount Merapi volcano Strong earthquake hits eastern Japan Russian donation for reconstruction of Serbian monuments in Kosovo-Metohija Serbian Assembly adopts 2010 Budget review Real Sector Development: Foundation for recovery and growth of national economy EU recovery taking hold, but progress uneven Dinkic: Government supports investments in Raska Region Cooperation with EULEX to increase security in northern Kosovo-Metohija Sanader might be accused Snowmaking equipment installed on Zlatibor Plan on cooperation between Serbia and Hungary signed Council of Europe rapporteurs meet with Serbian MPs U.S. Ambassador announces better standard with integration Brazilian MoD visits Belgrade Wikileaks provide inside information for Turkish-U.S. relations FYRMacedonia gets new political party World leaders, officials watch WikiLeaks with curiosity, concern Arbitration Arrangement: Slovenia and Croatia exchange diplomatic notes US Embassy to Bucharest:: Field reporting doesn't shape final policy decisions Greece: Media strike on Tuesday ANA-MPA joins anti-smoking campaign, launches new web page Greece: Civil mobilisation ordered EC says recession in Croatia halted American government refers to Croatia in 1,686 leaked documents November temperature hits record level in Bulgaria One ship sinks in collision off Bulgarian coast, no oil spills Sarajevo: Conference on justice and security cooperation in South East Europe Thousands of leaked cables from ex-Yugoslavia Rama: It Is time for a new model of Government WikiLeaks publishes 822 secret documents on Albania WikiLeaks publishes 668 secret documents on Kosovo RSD 20,000 to 120,000 for repairing houses in Kraljevo Students in front of Serbian government with blankets, tents Inzko: BiH will get candidate status in four-five years WikiLeaks allegations cannot hurt Serbia 40 tons of marijuana, weapons and ammunition seized Snow causes chaos at Munich airport Skundric to attend Sofia Energy Conference Regional forum for boosting research in ICT sector Dinkic to open Tulip Inn Putnik Hotel Foreign ambassadors in Novi Pazar and Sjenica Albanian Flag Day marked in Kosovo Taci: Dialogue with Belgrade in February, but not on Kosovo
RSS

EIB supports with EUR 150 million wine industry and road infrastructure in Moldova

29. November 2010. | 08:16

Source: Emg.rs

The European Investment Bank (EIB) is providing two loans in Moldova: EUR 75 million to finance the increase of the quality (not the capacity) of the Moldovan wine industry and EUR 75 million to support the rehabilitation and upgrade of priority roads in Moldova

The European Investment Bank (EIB) is providing two loans in Moldova: EUR 75 million to finance the increase of the quality (not the capacity) of the Moldovan wine industry and EUR 75 million to support the rehabilitation and upgrade of priority roads in Moldova

Eva Srejber, EIB Vice-President responsible for financing operations in the Eastern Neighbour countries including Moldova, who signed the loan contract with Mr. 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.”

The first loan of will address the structural weaknesses of the Moldovan wine industry, from vineyard to final packaging and dispatch of wine. This loan will finance projects of small and medium sized enterprises that are active in this sector, including local growers, winemakers and associated industries such as bottle production.

The EIB funds will be exclusively available for investments related to the production of bottled quality wines of "Protected Designation of Origin" or “Protected Geographical Indication and will not to be used for any expansion of the Moldova’s wine growing area. This project will be implemented between the beginning of 2011 and the end of 2014.

The other loan is focused on the rehabilitation and upgrade of road sections between Chisinau – Orhei – Sarateni – Balti, the Chisinau - Calarasi – Ungheni – Sculeni and the Comrat - Ciumai. These road sections represent the Moldova’s Government’s priorities for the road sector.

This project is co-financed with a loan from the European Bank for Reconstruction and Development and grants from the European Commission through the Neighbourhood Investment Facility and it will be implemented from 2011 to 2013.

Share:

Del.icio.us
Digg
My Web
Facebook
Newsvine

Enter text:

<<

29. November - 05. December 2010.

>>