Moldova

The European Bank for Reconstruction and Development is investing €20m in Vestmoldtransgaz, the gas transmission company operating the newly-built Ungheni-Chisinau gas pipeline

The new trolleybuses will operate on electricity to address the environmental challenges of the city

Moldova faces the risk of disrupted supply if Russia and Ukraine fail to extend a gas transit agreement that expires on 31st December 2019

The interconnector, scheduled to be completed by 2024, is expected to considerably enhance the stability and reliability of Moldova’s electricity supply

Businesses in Moldova will have access to finance to help them reduce their energy consumption. The European Bank for Reconstruction and Development (EBRD) has provided Mobiasbanca-Groupe Societe Generale with a €5.5 million (£4m) loan for on-lending to private firms. The cash will be used to invest in energy efficiency and renewable projects. The loan will […]

The World Bank has approved $2 million (£1.29m) worth of financing for a climate project in the Republic of Moldova. The Disaster and Climate Risk Management Project supports the ability to forecast severe weather and improve the country’s overall capacity to prepare for and respond to natural disasters. The scheme aims to strengthen weather forecasting, improve […]

School kids in Moldova will learn about renewable energy. Students will be taught about how electricity is generated from mini turbines and how solar ovens are used to cook food. The “Renewable Energy Sources” course will also give practical advice on using energy more efficiently at school and at home. In previous years, kids at […]

The EU is providing part of a €59 million (£49m) loan to help modernise the water infrastructure in Moldova’s capital. The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) is giving €24 million (£20m) each to water firm Apa Canal Chisinau while the EU is contributing €11 million (£9.14m). The […]

A London based bank has provided loans worth €10 million (£8 million) to a Moldovan bank to help households and businesses cut their energy bills. The loans from the European Bank for Reconstruction and Development are expected to help Moldova-Agroindbank provide long-term funding to industrial and residential clients implement energy saving projects under the country’s […]

A Moldovan bank is getting a €5 million (£4m) loan to help people borrow money to put energy saving measures into their homes. The European Bank of Regional Development (EBRD) loan will give long-term funding to private homes and household associations through Moldindconbank, the third largest commercial bank in Moldova. Moldova relies heavily on expensive […]