€5.5m to help Moldovan firms cut energy use

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 […]

World Bank funds Moldova’s climate scheme

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 […]

Kids get classes in renewables

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 […]

EU to help Moldova modernise water network

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 […]

International bank helps Moldovans cut energy bills

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 […]

Not mould-ova money – East European country gets efficiency cash

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 […]