BAKU, Azerbaijan, January 29. The European Bank
for Reconstruction and Development (EBRD) invested €508 million in
19 projects in Moldova in 2025, almost doubling its €280 million
investment across 14 projects in 2024 and approaching the country’s
all-time record of €525 million in 2022, Trend reports via the
EBRD.
Investment activity has accelerated sharply since the start of
Russia’s war against neighbouring Ukraine, with more than half of
the €3.0 billion the EBRD has invested in Moldova since 1992
committed over the past four years.
As of 2025, 67 percent of the Bank’s portfolio is invested in
sustainable infrastructure, 21 percent in the corporate sector, and
12 percent in financial institutions, with a strong emphasis on
private sector development.
Three areas defined the EBRD’s engagement in 2025.
The Bank expanded its support for energy security, building on
earlier large-scale assistance that helped Moldova diversify gas
and electricity supplies away from Russia. It also financed major
road and transport corridor upgrades, strengthening regional
connectivity and improving links with Romania, Ukraine and the EU’s
Solidarity Lanes.
In parallel, the EBRD stepped up efforts to boost private sector
competitiveness, providing new financing for agribusiness and
micro, small and medium-sized enterprises (MSMEs) and expanding
credit line partnerships with local banks.
These investments build on the EBRD’s intensified engagement
since 2022. As Moldova’s largest institutional investor, the Bank
has provided €1.6 billion since the start of Russia’s full-scale
invasion of Ukraine to help the country mitigate economic fallout
from the war, strengthen energy security, modernise infrastructure
and support businesses.
Overall, the EBRD has invested almost €3.0 billion in 196
projects in Moldova to date.
Beyond financing, the Bank is working closely with Moldovan
authorities on reforms and EU alignment, including strengthening
public utilities, advancing the country’s first renewable energy
auction, preparing energy efficiency investments in Chisinau and
Balti, and helping shape long-term strategies for green energy and
regional connectivity.
Support for small businesses, which account for 98 per cent of
Moldova’s economy, remains central, with continued efforts to
expand access to finance for companies upgrading to EU
standards.
Moldova’s results form part of a record year for the EBRD, which
invested €16.8 billion in 2025, up from €16.6 billion in 2024. This
included a record €2.9 billion deployed in Ukraine.
The EBRD operates across central and eastern Europe, Central
Asia, the Southern and Eastern Mediterranean, and now also
sub-Saharan Africa, and is set to publish its full financial
results for 2025 in the spring.
