THE EU's European Investment Bank is to lend Moldova EUR75 million to help modernise the country's winemaking facilities.The only bad whine I can hear is from the finacial institutions.
The loan is a welcome boost to Moldova's wine industry, which is crucial to the country's economy and has been beset by export disputes with its largest customer, Russia. Russia has accused Moldova of selling it "bad wine."
The Russians have indeed instituted quite a cut,
"We have allowed 6.08 liters [of wine] and rejected as defective 655,000 liters," Gennady Onishchenko said.Ouch.