The European Union and the Republic of Moldova today agreed on a two-year comprehensive strategy enhancing energy independence of the country and supporting it to overcome the energy crisis caused after Russia cut off supplies early of January.
“It has a two-fold objective of decoupling Moldova from the insecurities of Russian supply of energy and fully integrating it in the EU energy market,”- said the statement of The EU’s executive branch, the European Commission.
Overall support of EU for Moldova would account to €250 million for 2025, of which €100 million will be provided by mid-April.
In the short term, the overall package will support Moldovan consumers who are facing steep price increases on the Right Bank. It will allow to compensate all excess electricity costs for all households for up to 110 kWh every month until 31 December 2025. It will also compensate for the entire increase of electricity costs for social institutions, including kindergartens, schools and hospitals.
As part of the same strategy, funding of €60 million is also available for the more than 350,000 people in the Transnistrian region of Moldova (the Left Bank) who were left in cold in January after Gazprom discontinued energy supplies. “This support is subject to steps being taken on fundamental freedoms and human rights in the Transnistrian region and excludes energy intensive activities,”- statement said.
Additional funding of €15 million will be provided to support the energy bills of agro-food and manufacturing businesses. Furthermore, through the mobilisation of international financial institutions, additional funding of €50 million will be available for sustainable investments in energy efficiency projects by local public authorities, households and SMEs.
In the longer term, the EU support will allow Moldova to improve its energy security through investments and reforms for the energy transition and ensure the full phase out of Russian supply of energy resources.
Under the first step, the Commission has already provided €30 million EU emergency support announced on 27 January. Thanks to the joint efforts of the European Union and partners, Moldova’s energy system is providing electricity and heat without any blackouts.
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi ...
The 25th World Petroleum Council (WPC) Energy Congress began in Riyadh on Sunday (11 October), running from 11 to 15 October under the theme &ldquo...
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to...
The explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis that killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
Artificial intelligence investment is helping sustain global growth at around 3 per cent, with Asia poised to reap major benefits. But soaring energy costs, unequal investment and growing pressure on young workers threaten to leave some economies behind.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment