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- EBRD invests €508 million in 19 projects in Moldova in 2025
- Investment level close to Moldova’s record €525 million in 2022
- Strong focus on sustainable infrastructure, competitiveness and financial institutions
The European Bank for Reconstruction and Development (EBRD) invested €508 million in 19 projects in Moldova in 2025, almost double the €280 million invested across 14 projects in 2024 and close to Moldova’s all-time record of €525 million in 2022. EBRD investments in Moldova have accelerated since the start of Russia’s war on neighbouring Ukraine, with more than half of the total €3.0 billion since 1992 invested in the past four years.
“2025 was a landmark year for EBRD activity in Moldova, reflecting our deepening partnership with the country at a crucial stage of its reform and EU accession journey,” said EBRD Head of Moldova Giuseppe Grimaldi. “We are proud to support Moldova’s efforts to build a more resilient, competitive and sustainable economy.”
Moldova’s EU integration effort is a major driver of reform and the EBRD’s investment results reflect this. The Bank’s portfolio remains strongly aligned with Moldova’s long term development priorities: 67 per cent is invested in sustainable infrastructure, 21 per cent in the corporate sector and 12 per cent in financial institutions, supporting the private sector.
Three key projects defined 2025.
The EBRD expanded support for Moldova’s energy security programme, following earlier largescale assistance that has helped diversify the country’s gas and electricity sourcing away from Russia.
The Bank also financed major road and transport corridor upgrades, improving Moldova’s regional connectivity and strengthening links with Romania, Ukraine and the EU’s Solidarity Lanes.
The EBRD also continued to boost private sector competitiveness, with new financing for agribusiness and MSMEs and expanded credit line partnerships with local banks.
These investments build on the Bank’s intensified support since 2022. The EBRD is Moldova’s largest institutional investor, and since the start of Russia’s full scale invasion it has provided €1.6 billion to help Moldova mitigate the economic consequences of the war, strengthen its energy security, modernise infrastructure and support its private sector. Overall, the Bank has invested almost €3.0 billion in 196 projects to date.
The EBRD is also working closely with the authorities on reforms and EU alignment, including strengthening public utilities, advancing Moldova’s first renewable energy auction, preparing energy efficiency investments in Chisinau and Balti, and helping shape the country’s long term green energy and connectivity strategies.
Support for the smaller businesses that make up 98 per cent of the Moldovan economy remains central. The Bank continues to expand access to finance for businesses upgrading to EU standards.
The Moldova results form part of a record year for the EBRD overall, with a record €16.8 billion invested in 2025, up from €16.6 billion in 2024, including a record €2.9 billion deployed in Ukraine. The Bank operates in central and eastern Europe, Central Asia, the Southern and Eastern Mediterranean, and now also sub-Saharan Africa, and will publish full financial results for 2025 in the spring.