Economic

The Republic of Moldova will benefit from financial support of over 40 million euros from the World Bank

The Republic of Moldova will benefit from budgetary support in the amount of about 40 million euros from the World Bank. The members of the Economy, Budget and Finance Parliamentary Committee examined the draft ratification of a loan agreement in this regard.

According to a press release from the Parliament's Communication and Public Relations Directorate, the agreement provides for a loan of 37.3 million euros and a grant of five million dollars. The financial resources will be allocated in a single tranche. The loan is offered for 29 years, including the 9-year grace period, and the interest rate is variable.

The disbursement of the money was conditional on the adoption of several new normative acts, connected to the EU legislation, such as the laws on the energy performance of buildings, climate actions and the Forestry Code.

The ratification of the Loan Agreement is to be examined in the plenary session of the Parliament.

Read more

Correspondence from Bucharest // Romanian MPs and senators take oath of allegiance on Saturday
International

Correspondence from Bucharest // Romanian MPs and senators take oath of allegiance on Saturday

The new Romanian deputies took the oath today after they had their first meeting yesterday. The 446 senators and MPs will form the new Legislative, which will vote on the country's new government in the coming days. The pro-European parties are still negotiating to form the Executive, which is still led by the current Prime Minister, Social Democrat Marcel Ciolacu.

Amusement park "Găgăuzia Land" is operating unlawfully, in the face of ongoing criminal investigations. Head of the IGP reacts
Social

Amusement park "Găgăuzia Land" is operating unlawfully, in the face of ongoing criminal investigations. Head of the IGP reacts

The amusement park "Găgăuzia Land," located in the village of Congaz, continues to operate without a permit. Despite this, the park launched its winter holiday festivities on the evening of December 20. The police have concluded two criminal cases related to the park, which have been sent to the court. Viorel Cernăuțeanu, the head of the IGP, stated that only local authorities have the power to halt the park's operations. Meanwhile, the mayor of Congaz said that he is awaiting the court's final decision regarding the matter.

IMF approves new $1.1 billion installment for Ukraine
International

IMF approves new $1.1 billion installment for Ukraine

The Executive Board of the International Monetary Fund (IMF) has approved a new $1.1 billion tranche for Ukraine under its Extended Fund Facility (EFF). IMF Managing Director Kristalina Georgieva stated that "Russia's war in Ukraine continues to have a devastating social and economic impact on the country. Despite the ongoing invasion, macroeconomic stability is being upheld through effective policymaking by the Ukrainian authorities, as well as significant external support."