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Substantial EU finacial aid to improve judicial system and investment climate in Moldova

The European Union announced on December 12 that it plans to double aid to Moldova over the next four years. The EU said it will give Chisinau 209 million euros so it can take "decisive" steps to reform human rights, basic freedoms, the judicial system and the investment climate. Brussels also said it plans to give Moldova another 45 million euros in 2007 and 2008 to bail the government out of its current debt problems, bringing the total aid until 2010 to 254 million euros To take effect, the donation package must be agreed to by each of the 25 EU member states.