Communication

Flag of Europe
This project is funded
by the European Union
Support the Moldovan Government in identifying and preparing projects linked to the implementation of the Association Agreement
Contract No. ENI / 2020 / 417-516

'Project Preparation Facility - PPF'
Flag of Moldova

Communication

The videos for Days 1 & 2 of the workshop on Private sector participation in infrastructure & financial market development hosted by the PPF Project on 8th and 9th December are now available online
18.01.2023 | Resources

Video Day 1

Video Day 2

 

 

The prospects for private sector participation in infrastructure development and financial sector development in Moldova
14.12.2022 | Press release

The workshop on Private sector participation in infrastructure & financial market development was successfully held on the 8th and 9th of December in Chisinau. The event was organised by the EU Project ‘Support the Moldovan Government in Identifying and Preparing Projects Linked to the Implementation of the Association Agreement’ (PPF Project) and supported by the EU Delegation to Moldova.

The workshop gathered more than 80 participants from government institutions and other public bodies, international financial institutions operating in Moldova, investors, private sector associations and university students in an interactive discussion on the prospects for private sector investment in the country.

Please see detailed press release and workshop programme attached.

EU-TA-PPF_Private_Investment_Workshop_PostEvent_PressRelease_EN

EU-TA-PPF_Private_Investment_Workshop_Programme_EN

 

Pilot Session on Aid Management Platform brings transparency in aid management in Moldova one step further
01.12.2022 | Pilot session

Together with the Ministry of Finance External Assistance Department (EAD) the EU Technical Assistance “Support the Moldovan Government in Identifying and Preparing Projects Linked to the Implementation of the Association Agreement (PPF Project) hosted a pilot session about new and improved features of the new and upgraded Aid Management Platform (AMP). The event gathered ten representatives from the Development Partners including Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Czech Development Agency, Slovak Agency for International Development Cooperation, Swiss Agency for International Development Cooperation, United Nations Development Programme (UNDP), UN Population Fund and the EU Delegation to Moldova. During the session the invited participants had the opportunity to get familiar with the new functionalities, provide feedback and the see first-hand the new improved performance.

Originally developed by international NGO Development Gateways, the AMP is a public portal of the Government of Moldova; it is a tool for tacking the aid flows throughout the country. Since the PPF Project kick-off the team has been working on updating the AMP functionalities and improving user accessibility. The new AMP will facilitate the work of the Development Partners who, as main platform contributors, are responsible to regularly input data and ensure the information displayed is always up to date.

In his opening speech, the State Secretary from the Ministry of Finance Ion Gumene highlighted the importance of the AMP as the main government tool showcasing the volume and the significance of foreign development assistance in Moldova. PPF Project IT expert Leonidas Crisciunas demonstrated first-hand to the participants the new features in comparison to the old version while PPF Project External Assistance expert Rachel Mac Gowan stressed the importance of displaying accurate information on AMP through regular updates of the platform.

Feedback from the session will be reflected on the platform before the go-live and launch of public portal of the new AMP which is scheduled to take place shortly.

 

"Private sector participation in infrastructure and financial market development. How can Moldova benefit from international experience", Workshop, 8 - 9 December 2022
22.11.2022 | Workshop

On 8th and 9th December, the European Union Delegation to the Republic of Moldova and the Technical Assistance Project ‘Project Preparation Facility’ will host a workshop on Private sector participation in infrastructure & financial market development. By discussing the experience of foreign investors in Moldova and other countries, the workshop aims at exploring ways for market development in Moldova through private sector investment and financing.

The event will be held at Courtyard by Marriott Chisinau, 21/A Arborilor Street, and will welcome participants from government institutions and other public bodies, EU Member State embassies, international financing institutions operating in Moldova, investors, private sector associations, and non-government organisations. The workshop will feature speakers from companies with experience in the areas of energy, transportation, financial services as well as investment financing in Moldova.

Location: Courtyard by Marriott Chisinau, 21/A Arborilor Street, Chisinau

 

Training course on the EU Budget Support Instrument
11.11.2022 | Trainings

Echipa proiectului de asistență tehnică „Project Preparation Facility” (PPF), finanțat de UE, a livrat un curs de instruire cu tematica „Instrumentul de sprijin bugetar al UE” pentru participanții din cadrul Direcției asistență externă a Ministerului Finanțelor, în perioada 9-11 noiembrie 2022.

PPF Project expert Gnel Sedrakyan presented the conceptual and operational framework of Budget Support, and the specific procedural requirements of the European Union. During the course the participants were involved in interactive discussions and short exercises.

The course was structured in 5 modules: Introduction to Budget Support, Budget Support Cycle of Operations, EU Budget Support eligibility criteria, EU Budget Support disbursements and indicators, and Preparing and implementing EU Budget Support programmes.

EU-TA-PPF_EU_Budget Support Instrument_09-11.11.22_EN

 

The PPF Project participated at the inauguration of the photovoltaic plant in Nisporeni
24.09.2022 | Event

At the invitation of the Nisporeni Mayor, the EU-funded Project Preparation Facility (PPF) Technical Assistance experts participated at the inauguration ceremony of the Nisporeni photovoltaic plant held on 22 September 2022.

It is the first photovoltaic plant with a capacity of 800 kW for Nisporeni Municipality needs. The plant was installed and put into operation by a Moldovan company in collaboration with the Nisporeni Municipality and the support of a Danish private investor.

PPF Project experts Spyros Valatas and Constantinos Kyriakopoulos represented the PPF Project at this event. Our team welcomes the photovoltaic plant project as an opportunity to build further on the implementation of the energy policy objective of the Moldovan Government to increase the renewable energy sources to 30% of total electricity consumption by 2025.

As part of Component 3 - Enhancing the capacities of the line ministries in the management and implementation of projects financed from external sources, the PPF Project team offers, amongst others, support in assisting selected public institutions in identification of public investment projects on the basis of strategic priorities. The PPF Project team experts prepared a technical note on the Energy Sector Policy and Investment in Moldova. The analysis provided a comprehensive analysis of the electricity and gas markets, described the current challenges and key issues faced by the Moldova’s energy sector, and discussed the prospects of investing in energy infrastructure.

EU-TA-PPF_Photovoltaic_plant_Nisporeni_22.09_EN

 

Nisporeni public authorities trained in financial analysis and risk assessment
23.09.2022 | Trainings

From 21 September to 23 September 2022, selected employees from the Nisporeni Municipality and Rayon Council participated in the Financial Analysis and Risk Assessment training course delivered by the EU-funded Project Preparation Facility (PPF) Technical Assistance team.

The training course aimed to strengthen the capacities of the local public authorities by familiarising them with the modern tools and methods for performing financial analysis and risk assessment of projects. Over the course of three days the participants were also involved in practical exercises to enhance their practical understanding of the subject matter.

The course was structured in 6 modules: Cash flow analysis and performance metrics, Applications of cash flow analysis to bond and stock valuation, Capital structure and financial ratio analysis, Capital asset pricing model and cost of capital, Introduction to risk modeling and Risk classification and risk mitigation.

The training course was delivered by the PPF project experts Constantinos Kyriakopoulos and Daniela Cotorobai.

EU-TA-PPF_Fin_Analysis_training_21-23.09_EN

 

The Costing of Public Investment Projects training delivered at the regional level
16.09.2022 | Trainings

The EU-funded Project Preparation Facility (PPF) Technical Assistance team expanded its reach at the regional level. The Project experts delivered the Costing of Public Investment Projects training in Nisporeni municipality on 14-16 September 2022.

The participants from Nisporeni Municipality and Rayon Council were provided with both theoretical and practical training sessions aimed to enhance their ability to cost capital investment projects.

The course was structured in 6 modules: Cost classifications, terms and concepts, Marginal and absorption costing, Standard costing, Variance analysis, Relevant costs for decision making and Costing for capital project.

Project experts Irina Grigoryan and Eugenia Busmachiu who delivered the training received positive feedback from the participants at the end of the training.

EU-TA-PPF_Costs_training_14-16.09_EN

 

Europe Day 2022 Online Quiz Awards Ceremony
22.06.2022 | Event

To mark the successful completion of the online quiz competition offered to students of Moldovan universities by the PPF Project on the occasion of Europe Day 2022, an awards ceremony was held at the Ministry of Finance on the 22nd of June 2022. The ceremony was chaired by Ion Gumene, State Secretary of the Ministry of Finance.

The students achieving the highest scores in the online quiz competition were invited to the ceremony. Iurie Pashinschi, Director of Institutional Management Directorate of the Ministry of Finance, made a presentation of the volunteering, internship and employment opportunities at the Ministry of Finance as well as the process of recruitment of engagement. In his presentation, Ion Gumene emphasised the importance of the Ministry of Finance in public governance and encouraged the students to consider employment in the public sector of Moldova and the Ministry of Finance.

Following the presentation, the students had the opportunity to raise questions and a lively exchange took place with the officials of the Ministry of Finance in the panel, as well as with Josip Juric the Programme Manager responsible for the PPF Project at the EU Delegation to Moldova, and with the PPF Project team.

At the closing of the ceremony, students were given certificates of completion and EU-branded gifts.

EU_TA_PFF_Europe_Day_2022_22.06.2022_En

 

Europe Day 2022: Results of two surveys on basic economic/financial education in Moldova
26.05.2022 | Survey results

On the occasion of the Europe Day 2022 celebration the PPF Project team prepared and run two mini surveys on basic economic/financial issues concerning Moldova. The purpose of this initiative was to measure the basic economic/financial knowledge and serve as an opportunity for people to increase their knowledge of fundamental economic and financial matters.

Survey results

 

Second Project Steering Committee (PSC) meeting
16.05.2022 | Steering Committee

The EU-funded Project Preparation Facility (PPF) Technical Assistance team held its second Project Steering Committee (PSC) meeting in the Ministry of Finance on 11 May 2022.

The PSC meeting was chaired by Ion Gumene, State Secretary of the Ministry of Finance, and co-chaired by Josip Juric, European Union Delegation Task Manager. The Ministry of Foreign Affairs and European Integration was represented by Anton Lungu, Head of the Economic and Sectoral Cooperation with the EU.

EU_TA_PPF_PSC_Meeting_11.05.22_en

 

Europe Day 2022: Quiz for university students in Economics, Finance and Business
09.05.2022 | Quiz

The PPF Project team organized an online quiz for students, on the occasion of marking Europe Day 2022!

Students are invited to answer the questions below and win the contest! Prize: set consisting of eco peat, umbrella, mug, USB and key ring. 

List of questions

 

Training Course on Costing of Public Investment Projects
18.04.2022 | Trainings

The PPF Project team delivered a training course on Costing of Public Investment Projects to participants from Moldelectrica state enterprise, National Agency for Energy Regulation (ANRE), Energy Efficiency Agency and the Moldova Energy Projects Implementation Unit (MEPIU) on 12-14 April 2022.

The course aimed at improving the participants’ ability to cost capital investment projects. It was structured in 6 modules: Cost classifications, terms and concepts, Marginal and absorption costing, Standard costing, Variance analysis, Relevant costs for decision making and Costing for capital project.

The course was delivered by project experts Irina Grigoryan and Eugenia Busmachiu.

 

Financial analysis and risk assessment training course
04.04.2022 | Trainings

A training course in Financial Analysis & Risk Assessment was delivered to Moldelectrica state enterprise, National Agency for Energy Regulation (ANRE), Energy Efficiency Agency and the Moldova Energy Projects Implementation Unit (MEPIU) by the EU-funded Project Preparation Facility (PPF) Technical Assistance team on 29–31 March 2022.

PPF Project experts Constantinos Kyriakopoulos and Daniela Cotorobai presented modern tools and methods for performing financial analysis and risk assessment and involved the participants in short exercises to enhance their practical understanding of the subject matter.

The training course was structured in 6 modules: Cash flow analysis and performance metrics, Applications of cash flow analysis to bond and stock valuation, Capital structure and financial ratio analysis, Capital asset pricing model and cost of capital, Introduction to risk modeling and Risk classification and risk mitigation.

 

Public Financial Management Training
09.03.2022 | Trainings

The EU-funded Project Preparation Facility (PPF) Technical Assistance team designed and delivered a specialised training course on Public Financial Management (PFM) for Ministry of Finance External Assistance Directorate (EAD) team. The training took place on 3 and 4 March 2022.

The training course was designed to deepen the understanding of the EAD on PFM systems and discuss key issues that concern the area of external assistance management.

The training course covered the entire PFM cycle: strategic planning, budget preparation, budget execution, accounting & reporting, external audit & parliamentary scrutiny, and policy review. The training method was interactive using practical exercises adapted to the actual Moldovan PFM systems and active engagement by the EAD team participants.

The course was delivered by the PPF Project Team Leader, Yiannis Hadziyiannakis.

 

New Component 5 "Debt Management" added to PPF Project
07.03.2022 | Project implementation

On 18 February 2022, the EU Delegation approved Contract Addendum 1 to the PPF Project including debt management (New Component 5) as part of the PPF Project. The EUD responded to a request made by the Ministry of Finance in December 2021.

 

A fresh start for the Aid Management Platform (AMP) in Moldova
27.02.2022 | Workshop

The Ministry of Finance (MoF) together with the EU funded-Project Preparation Facility (PPF) Technical Assistance Project organised an online workshop on 27 January to present the upgraded version of the Aid Management Platform (AMP) to Moldova’s Development Partners (DP). The workshop was conducted on the 8th anniversary of the AMP’s launch.

EU-TA-PPF_AMP_Workshop_EN.pdf

 

Promoting public investment projects for growth and development in Moldova
30.11.2021 | Workshop

On 16-17 November 2021, the Ministry of Finance (MoF) with the support of the EU TA PPF Project, delivered an on-line workshop to raise awareness of the newly formed line ministries about the management of the external assistance and the process of selecting and budgeting public investment projects.

EU-TA-PPF-Workshop_EN

 

Public Investment Management in Moldova: reform priorities
30.11.2021 | Documents

Investment is a key contributor to the sustainable growth and development of any economy. It is of particular importance for a transition economy, which experienced a severe depression at the start of the transition process, characterised by dis-investment and a significant depreciation of its capital stock.

EU-TA-PPF-PIM_in_Moldova_EN

 

Note on definition and measurement of inflation
30.11.2021 | Documents

A note on inflation, its definition and measurement, its costs and redistribution effects, its causes in the short and medium term and the inter-relationship between inflation and growth with an appendix on the evolution of inflation in Moldova.

 

EU-TA-PPF-Note_on_inflation_EN

 

“Financial Analysis and Risk Assessment” training course, 28-30 September, 2021
19.10.2021 | Trainings

During 28 - 30 September, 2021 the PPF Project organised the second cycle of delivery of the “Financial Analysis and Risk Assessment” training course. The course is offered to the Ministry of Finance State Treasury and State Assets Directorates.

Structured in 6 modules, the course covers important topics related to the analysis and application of cash flow, performance metrics, capital structure, cost of capital, risk modeling, classification and mitigation, and more. The course combines theory and several short exercises to enhance practical understanding and improve analytical skills.

The course trainers are PPF Project experts, Constantinos Kyriakopoulos and Daniela Cotorobai.

 

Planned project activities
16.07.2021 | Project implementation

Planned project activities to be implemented during the second half of the 2021-year by the PPF Project are included in the attached file.

 

 

EU-TA-PFF-Planned activities_EN

Summary of the results achieved
16.07.2021 | Project implementation

During January-June 2021, the PPF Project has continued implementing its planned activities with international experts’ missions in Moldova despite the COVID pandemic.

The summary of results achieved is included in the attached file.

EU-TA-PFF-Results achieved_EN

“Financial Analysis and Risk Assessment” training course, 1-3 June, 2021
01.06.2021 | Trainings

The PPF Project is pleased to announce an online training course on the tools and methods for performing financial analysis and risk assessment. The course was designed for the employees of the Ministry of Finance and will be delivered during 1-3 June, 2021.

Structured in 6 modules, the course will combine theory with exercises aimed at enhancing the participants’ analytical and practical skills.

The course will be delivered by the Project experts, Constantinos Kyriakopoulos and Daniela Cotorobai.

 

Landmark issuance of 7-year government bond for the first time in the history of the Republic of Moldova – 21 April 2021
21.04.2021 | Technical Assistance

The MoF team has succeeded to issue for the first time a 7-year government bond in the domestic market. The success is significant and against the odds of the unfolding COVID-19 crisis and other current difficulties. It is also a reflection of the MoF commitment to continue developing the domestic market for government securities and extend the maturity profile of overall government debt denominated in MDL. The success also marks the beginning of a renewed channel of communication between the MoF and the Primary Dealer banks of Moldova, geared towards the common goal of developing the Moldovan capital market. Our team is proud to have assisted the MoF in this process which is an essential element towards sustainable government financing as well as economic development.

Delivery of the training course on "Costing of Public Investment Projects"
12.04.2021 | Trainings

From 30 March to 8 April 2021 the Project delivered online the first two cycles of the newly designed training course on ‘Costing of Public Investment Projects’ to officials of Moldovan central public authorities and the Ministry of Finance. 

 

EU TA PPF Training course outline Costing

EU TA PPF Training course test in-out results Costing

Launching of Training Needs Assessment in Finance and Risk Analysis
23.03.2021 | Trainings

As part of our Project’s training package, we are in the process of designing a training course on Financial Analysis and Risk Assessment Skills. In order to ensure that the design of this course is suited to needs, we have prepared a Training Needs Assessment.

EU TA PPF Training Needs Assessment Finance.

1st Steering Committee Meeting
16.03.2021 | Steering Committee

The 1st Steering Committee Meeting of the Project took place on 12 March 2021. The Project Steering Committee supervises the implementation of the Project. The Meeting is routinely co-chaired by the Ministry of Finance and EU Delegation.

 

EU TA PPF Agenda of 1st Steering Committee Meeting

EU TA PPF Presentation of progress March 2021

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