Europe

Moldova speeds up EU membership as Brussels launches €1.9bn investment plan

Moldova, an economically fragile country caught up in Russia's hybrid war, is keen to make rapid progress toward EU membership. With the opening of the first chapter of accession negotiations, the EU launched a €1.9 billion investment plan. The plan, conditional on domestic reforms, aims to draw in businesses.

European Union flags in front of a building
European Union flags in front of a buildingPhoto: antonio filigno / Pexels
France 24 Europe2 h ago

Moldova, an economically fragile country caught up in what officials describe as Russia's hybrid war, is keen to make rapid progress toward European Union membership. The opening of the first chapter of accession negotiations signals fresh momentum in the process.

With that step, the EU launched a €1.9 billion investment plan for the country. The plan is conditional on domestic structural reforms, and Brussels hopes it will draw in businesses and drive broader change across the economy.

For Moldova, the EU path carries both economic and geopolitical weight. The government wants to keep the pace of reforms high and advance its membership timetable despite external pressure on the country.

GeopoliticsTradeEuropeFrance 24 Europe
This article is an AI-curated summary of the original story published by France 24 Europe. The illustration is a stock photo by antonio filigno from Pexels and is not from the original story.

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