Social

Moldova Boosts Cereal Production with Farm Loan Program

From March 1 to April 19, 2024, a total of 226 applications were submitted for the Emergency Agricultural Loan program, according to the Organization for Entrepreneurship Development (ODA).

All applications received during this period were approved.

The program, which offers loans of up to 500,000 lei per applicant, has seen a total demand exceeding 70 million lei thus far.

This financial instrument is specifically designed to support micro and small farmers engaged in cereal production. It enables eligible farmers to secure loans with a maximum value of 500,000 lei, which benefit from a 90% state guarantee.

The program is also available to farmers with existing loans classified as substandard under the regulations established by the National Bank of Moldova.

Farmers interested in benefiting from this credit program can contact commercial banks until May 31, 2024.

Translation by Iurie Tataru

Read more

Chancellor of Germany, Olaf Scholz, will pay a visit to the Republic of Moldova
Political

Chancellor of Germany, Olaf Scholz, will pay a visit to the Republic of Moldova

The Chancellor of Germany, Olaf Scholz, will pay a visit to Chisinau this summer. The announcement was made by the official during a press conference in Berlin, together with the president Maia Sandu.

Rodica Mazur Rodica Mazur

Rodica Mazur

Israel's army says three hostages' bodies recovered
International

Israel's army says three hostages' bodies recovered

Israeli forces have recovered the bodies of three hostages from Gaza, the Israel Defense Forces (IDF) say, BBC reports.

Poland to spend over 2.3 bln euros to fortify eastern border
International

Poland to spend over 2.3 bln euros to fortify eastern border

Poland will spend over 2.3 billion euros ($2.5 billion) to fortify its eastern border, the EU’s eastern flank, against potential enemies, Prime Minister Donald Tusk said on Saturday, AFP reports.

Carolina Străjescu Carolina Străjescu

Carolina Străjescu