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Google fined €890m by EU for breaching Digital Markets Act

Google fined €890m by EU for breaching Digital Markets Act Google fined €890m by EU for breaching Digital Markets Act
  The European Commission has fined Google a total of €890 million for breaching the EU's Digital Markets Act (DMA), concluding that...
Read More...

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The European Commission has renewed its commitment to strengthening Europe’s social model, warning that rising living costs, rapid advances...
Read More...

Environmental taxes rise across most EU countries, but their economic share falls

Environmental taxes rise across most EU countries, but their economic share falls Environmental taxes rise across most EU countries, but their economic share falls
Environmental tax revenue across the European Union increased by 6.1% in 2024, reaching €371.9bn, according to new figures from Eurostat....
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EU fuel prices continue to rise in June, but pace of increases eases

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  Fuel prices across the European Union continued to climb in June, although the rate of annual increases slowed after sharp rises earlier...
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EU ends Venice Biennale funding over return of Russian pavilion

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  The European Union has permanently withdrawn a €2m (£1.7m; $2.3m) grant for the Venice Biennale after organisers allowed Russia to...
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Viktor Orban accuses Hungary's new government of 'tyranny' after election defeat

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Summer holiday rush drives nearly a third of EU tourism nights

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  Nearly one-third of all overnight stays in tourist accommodation across the European Union in 2025 were concentrated in just two months,...
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Most EU countries see higher home sales in 2025, Eurostat data shows

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  House sales increased across most European Union countries in 2025, pointing to a broader recovery in the bloc's property market after...
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EU cultural sector employs 8.9 million people as highly educated workforce drives industry

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  The European Union's cultural sector employed an estimated 8.9 million people in 2025, accounting for 4.3% of total employment across...
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Hungary joins EU’s anti-fraud prosecutor’s office in major rule of law step

Hungary joins EU’s anti-fraud prosecutor’s office in major rule of law step Hungary joins EU’s anti-fraud prosecutor’s office in major rule of law step
  The European Commission has approved Hungary’s request to join the European Public Prosecutor’s Office (EPPO), making it the 25th...
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The European Union has announced a new package of investments and strategic initiatives worth up to €641 million to support Moldova’s economic development, resilience

and integration into the European Union.

Speaking at the EU–Moldova Investment Conference, EU Commissioner for Enlargement Marta Kos unveiled the investment commitments, which will be implemented in partnership with international financial institutions, private sector investors and public stakeholders.

The package targets key sectors including energy, digital infrastructure, education and sustainable agriculture. The investments are designed to strengthen Moldova’s economic resilience, modernise critical infrastructure, improve access to finance and accelerate the country’s integration into European value chains.

Up to €433 Million Mobilised Through International Financial Institutions

Building on the EU Growth Plan for the Republic of Moldova, up to €433 million will be mobilised through a combination of EU grants, guarantees and loans in cooperation with leading international financial institutions.

New investment initiatives include:

The Agence Française de Développement (AFD), supporting energy-efficiency investments in public buildings and residential housing.

The European Investment Bank (EIB), financing the modernisation of school infrastructure across Moldova.

The European Bank for Reconstruction and Development (EBRD), strengthening digital infrastructure and services, developing strategic investment frameworks, and enhancing private-sector competitiveness and innovation.

The European Fund for Southeast Europe (EFSE) and the Green for Growth Fund (GGF), expanding access to finance for businesses and households.

€208 Million in Planned Private Sector Investments

As part of the Call for Expressions of Interest for private investments in Moldova, eight projects representing up to €208 million in planned investments have been selected.

In the presence of Commissioner Marta Kos, President Maia Sandu and Prime Minister Alexandru Munteanu, Letters of Intent were signed with:

INVL, supporting Moldova’s integration into European value chains through private equity investments.

TET, developing a secure, AI-ready data centre.

Micro Nano Tech, expanding innovation capacity in high-tech industries.

Balkan Pharmaceuticals, advancing research, education and medical training while strengthening biopharmaceutical and medical technology capabilities.

KB Container, enhancing Moldova’s manufacturing capacity for both the EU market and Ukraine’s reconstruction efforts.

Danube Logistics, improving transport connectivity and trade links with Ukraine and the European Union.

BOSAQ, developing modern, efficient and affordable water infrastructure for citizens and the agricultural sector.

VED-MAR AGRO, supporting the transition toward higher-value agri-food exports.

Looking ahead

On 22 June, the European Union and Moldova will hold the second EU–Moldova Summit, reaffirming the strategic importance of Moldova’s European future and the strength of bilateral cooperation.

The EU will continue working closely with the Government of Moldova, international financial institutions, private-sector partners and other stakeholders to advance the announced initiatives and ensure their successful implementation. The investments are expected to deliver tangible benefits for Moldova’s economy, businesses and citizens.

Background

In October 2024, the European Commission proposed a €1.9 billion Growth Plan for the Republic of Moldova, supported by the Reform and Growth Facility for 2025–2027. It represents the largest financial support package ever provided by the EU to Moldova. To date, Moldova has received €504 million under the Growth Plan.

To help achieve the plan’s objectives, the European Commission launched a Call for Expressions of Interest for private-sector investments. The initiative was open to companies, joint ventures and consortia established in the European Union, the European Economic Area or Moldova. Eligible projects were required to be located in Moldova, involve a minimum investment of €10 million, and include at least a 15% equity or own-resources contribution from project promoters. The call was open from 4 September 2025 to 4 June 2026. Photo by Parlamentul Republicii Moldova | Pagina oficială, Wikimedia commons.