The expansion and modernization of the port began twenty years ago, but Moldova has not been able to complete it on its own despite international financial support. Giurgiulești is Moldova's only seaport and plays a vital role in the country's trade.
It is located on the Danube at the point where the borders of Moldova, Romania, and Ukraine meet. The port is connected to the sea via the Danube and is therefore strategically important for both Moldova and the surrounding countries. By controlling this port, Romania hopes to strengthen its position in the region.
The Giurgiulești port could serve as a complement to the Romanian port of Constanța. This would help stabilize Ukraine's exports and reduce the economic impact of the war. Moreover, Romania's takeover of the port could also strengthen economic ties between Romania and Moldova, benefiting both countries.
Promotion
The European Bank for Reconstruction and Development (EBRD) has supported Romania's takeover of the port. The EBRD, which currently manages the port, views the takeover as a way to stimulate economic growth.
Additionally, support is growing within the European Union for Moldova's integration into the European market. The takeover of the port by an EU member state such as Romania would bring Moldova closer to Europe. Moldova and Ukraine have started negotiations with the EU about possible accession to the Union.