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Raiffeisen provides humanitarian aid for Moldova
Raiffeisen helps Moldavians suffering famine after severe drought in 2007
A convoy of five trucks with 100 tons of wheat flour for Moldova was arranged by Raiffeisen Zentralbank Österreich AG (RZB), Raiffeisen International Bank-Holding AG and RZB's main shareholder Raiffeisen Regional Bank Lower Austria-Vienna AG. The wheat flour from the Titan Mills in Romania reached Chisinau on 1 April and yesterday it was distributed to hospitals, schools, kindergartens and other governmental institutions, which are in desperate need of flour due to the severe drought the country faced last year.
Raiffeisen acted as contracting partner and took over the costs of 50,000 euros.
"The situation in Moldova is severe. As an institution whose roots stem from co-operative background, Raiffeisen is led by the principle of helping people in need, this is why we did not hesitate and arranged an emergency cargo", Walter Rothensteiner, RZB's CEO and Raiffeisen International's Supervisory Board Chairman, explained.
"Our far-reaching network in the region once again proved to be a great advantage and enabled us to ensure quick help", added Herbert Stepic, CEO of Raiffeisen International and Deputy Chairman of RZB.
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