Projects in Moldova

Project Summary Documents

Project Summary Documents (PSDs) are disclosed for each project prior to Board consideration. They contain project descriptions, financial details, client information, environmental issues, tender guidelines, and contact details. PSDs for private sector projects are disclosed at least 30 days prior to Board consideration and for state sector projects, at least 60 days.

Project Summary Documents 

Signed projects

Board approval is the final stage in the project approval process. After Board approval, the EBRD and the client sign the deal and it becomes legally binding. Signed project lists reflect year-end data.

Signed projects  (0.1Mb) 

Case studies

Airport modernisation project

Chisinau International Airport, the largest and busiest in Moldova, has been refurbished with the help of an EBRD loan. The Airport is the principal gateway for international flights, providing immigration, customs control, aeronautical security and other aircraft services. The modernised terminal now has an upgraded infrastructure with new furniture and equipment, improved landside access road, car parking and terminal surroundings, and restructured passenger flow arrangements to accommodate growth in international traffic.

EBRD financing helped to remove the critical transport bottlenecks, integrate Moldova into the international civil aviation network by attracting Western airlines into the market, and promote economic development by facilitating commercial arrangements and international contacts with the country. The project managed to establish modern commercial business operations at the airport, through the introduction of cost accounting and management information systems. It also improved corporate standards by making airport operations more transparent and accountable, bringing benefits for competition and the business environment in Moldova.

ProCredit Moldova

The EBRD, together with co-financiers including the International Finance Corporation (IFC), Western NIS Enterprise Fund, ProCredit Holding AG (formerly Internationale Micro Investitionen - IMI AG) and DOEN Foundation, supported with equity and a loan the creation and development of ProCredit Moldova (formerly Micro Enterprise Credit - MEC). ProCredit Moldova is intended to underpin the development of micro and small enterprises (MSEs) in Moldova, by offering small loans of up to US$ 50,000 and micro loans of up to US$ 10,000 on commercial terms. The institution concentrates on the lower end of the MSE market (loans average less than US$ 5,000), offering loans with maturities from 3 months to 2 years. ProCredit Moldova's long-term goal is to develop into a genuine "house bank" for MSEs by offering them a full range of financial services, such as current accounts and savings and time deposits.

The project aims to bridge the gap between supply and demand for institutional finance to MSEs in Moldova. Insufficient funds are available for most MSEs, due largely to lack of development of this area of the banking sector. ProCredit Moldova will demonstrate to other banks the potential of the MSE sector.