The Ministry of Finance will allocate over 728,000 lei (equivalent to about €35,000) to increase the share capital of the state-owned enterprise Moldovan Railways (CFM). According to a draft decision approved by the Cabinet, the money is allocated from the EBRD and EIB loans, IPN reports.

The Government Decision will enter into force on the date of publication in the Official Gazette in the context of the need to make payments for rehabilitation works, as well as in order to avoid delays in carrying out the project to rehabilitate the Bender-Basarabeasca-Etulia- Giurgiulești railway.

Recently, Minister of Infrastructure and Regional Development Andrei Spînu informed that in order to pay the overdue salaries to CFM employees, the Government will take out a 35 million lei loan from “Loteria Moldovei” - an enterprise with majority state capital known mainly for its gambling activities. No other details were provided.