Romanian senate adopts law on 150-million-euros loan for Moldova

Chisinau, 26 April /MOLDPRES/- The Romanian Senate's plenum adopted a law on the 150-million-euro-worth loan offered to Moldova on 25 April. The senators partially admitted an application on review, sent to parliament by Romanian President Klaus Iohannis and preserved the article on imposing conditions to Chisinau, according to official webpage of the Romanian parliament.

The law was adopted with 68 votes pro and one vote against, in the form passed by the Chamber of Deputies. More senators said that Romania could not set conditions to Moldova for providing the loan, and asked to remove the article under which the notification and confirmation of fulfilling the measures and conditions needed for disbursing the installments are made by exchange of letters approved by government decision. The proposals seen in the report by the competent commission were rejected in the plenum.

The Romanian Chamber of Deputies' plenum on 30 March ruled, with 252 votes for, to reject an application on review by Romanian President Klaus Iohannis on ratification of the agreement for refundable financial assistance between Romania and Moldova. The MPs passed the law with amendments. The agreement signed on 7 October 2015 sees refundable financial assistance between Romania, as lender and Moldova, as borrower, amounting to 150,000,000 euros.

Romania conditioned the providing of money on the adoption of reforms by Moldova. In late last January, Romanian Prime Minister Dacian Ciolos sent to his Moldovan counterpart a list including seven measures for creating conditions needed to transfer the first installment worth 60 million euros from the 150-million-euro refundable loan.

(Reporter V. Bercu, editor M. Jantovan)