Two Moldovan agricultural enterprises to receive 2 million euros from Polish loan

18:51 | 16.05.2016 Category: Economic

Chisinau, 16 May /MOLDPRES/ - The Polish government has approved the first two files of financing from a loan worth 100 million euros, provided for Moldova’s agricultural sector, according to a press release by the Moldovan Agriculture and Food Industry Ministry.

The Finance Ministry of Poland informed in written form the Moldovan Finance Ministry about the approval of the first two contracts. With the Polish money, the Euroforta company will invest in the construction of a house for packing and purchasing equipment for sorting, as well as the needed equipment for modernising the present refrigerated warehouse. The two financing files were approved on 11 March by the Council of Supervising the Unit of implementing the assistance loan provided by the Polish government, led by Deputy Prime Minister, Economics Minister Octavian Calmic.

The enterprise Axedum will use the loan for buying the equipment meant for re-endowing a slaughter house, as well as of the equipment and sandwich panels meant for the reconstruction/endowing of halls for breeding chicken.

The contracts will enter into force 15 days after the date on which the written agreement by the Polish Finance Ministry was submitted to Moldova’s Finance Ministry.

The Agriculture Ministry’s information and media communication service told MOLDPRES that Council of Supervising the Unit of implementing the assistance loan had so far approved applications on financing by 14 companies, of which six were approved in late last April. The agricultural enterprises asked for financing worth from 600,000 euros to 1.4 million euros.

The agreement between the governments of Moldova and Poland on an assistance loan worth 100 million euros was signed in Warsaw on 14 May 2014 and entered into force in 2015. Given that the credit expires on 1 August 2016, and the earmarked sums have not been turned to account, the Moldovan authorities said they would ask the Polish ones to extend the implementation term till August 2018. A decision to this effect has not approved as yet.

(Reporter V. Bercu, editor A. Raileanu)

Any material published on the website of the Public Institution ’’A.I.S. Moldpres’’ (Moldpres News Agency) is intellectual peoperty of the Agency, protected by the copyright. The taking over or/and use of these materials will be made only with the Agency’s agreement and with compulsory reference to source.