OREANDA-NEWS. February 08, 2007. The Board of Directors of the European Bank for Reconstruction and Development (EBRD), next week, is to take a decision on a 70-million-euro financial-banking project for Moldova.

EBRD director for Moldova Michael Davey made a statement to this effect at meeting with Prime Minister Vasile Tarlev.

The two officials focused on the development of the business and investment environment in Moldova and the deepening of the EBRD-Moldova cooperation.

Tarlev underscored the importance the government attaches to the development of the national economy, attraction of investments and creation of investment-friendly conditions. The premier considers that the consolidation of cooperation relations with the donor financial institutions will significantly contribute to the implementation of these goals.

In the context, Tarlev welcomed the EBRD's willingness to create new opportunities for increasing the bank's impact on Moldova's development. Tarlev spoke out for increasing the EBRD portfolio of investment projects in Moldova, in the banking-financial sector, infrastructure development, energy, drinking water supply, etc.

Michael Davey highly appreciated the Moldovan government's progress in achieving macroeconomic stability, promoting reforms and creating conditions for investors. Davey reiterated the EBRD's firm wish to extend and deepen the cooperation relations with Moldova in different sectors and to give a fresh impetus to the implementation of mutually advantageous investment projects.

Referring to the main projects proposed for the next years, Davey listed the restoration of drinking water networks and sewerage systems, construction of power networks, capital overhaul of flight strips of the Chisinau International Airport, etc.

In 1991-2007, the European Bank for Reconstruction and Development provided Moldova with 223 million euros to finance 60 projects.