BUCHAREST, April 9. (AGERPRES). The Senate on Tuesday approved a draft law according to which Romania provides the Republic of Moldova with a non-refundable financial aid worth 100 million euros.

The bill in question is a draft law on approving the Government’s emergency ordinance no. 7/2014 for the establishment of the financial mechanism necessary to enforce the Agreement between Romania’s Government and the Government of the Republic of Moldova on implementing the programme of technical and financial assistance based on a refundable financial aid worth 100 million euros Romania offers to the Republic of Moldova, signed in Bucharest on April 27, 2010, the additional protocol, signed in Chisinau on Sept. 23, 2010 and the second additional protocol signed in Bucharest on Aug. 10, 2011 and in Chisinau on Aug. 16, 2011.

“All necessary action will be taken with a view to drawing up cooperation projects, to contribute to the promotion of the process reform in the Republic of Moldova and reduce the economic and social disparities,” the substantiation note says.

According to the report of the Budget-Finance Commission of the Senate, the necessary amounts are provided by Romania’s Government from the budget of the Ministry of Regional Development and Public Administration, falling within the budget loans approved each year for this purpose, without exceeding the value of the projects funded according to the Agreement.

The Senate is a decision-making chamber and the Romanian Government the initiator of the bill.

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