EBRD, EU and partner bank maib support expansion of Moldovan wine tourism complex
The European Bank for Reconstruction and Development (EBRD) and the European Union have teamed up with Moldovan partner bank maib to support the expansion of Castel Mimi SRL, an award-winning winery. It is based in a restored chateau in southern Moldova, surrounded by 74 hectares of vineyards.
While maib lends the winery €1.24 million to build the wellness centre in a two-floor building on the chateau premises, the EBRD will take on half the risk of the loan.
The EU will provide up to €327,000 grant to support the Castel Mimi wine tourism complex, backing a first mover in Moldova’s hospitality sector in implementing comprehensive environmental practices. The incentive is provided under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC), supported by the EU under its EU4Climate initiative.
“This investment exemplifies the Bank’s commitment to supporting sustainable economy and development, achieved through heritage-led growth. Castel Mimi proves that with the right vision and strategic backing, history and modernity can successfully coexist, and flourish,” EBRD Managing Director for Ukraine and Moldova Arvid Tuerkner said at the signing.
According to the EBRD, Moldovan wine has gained international attention in recent years and the country is now the 14th largest wine producer in the world.
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