“The U.S. dollar will continue to strengthen as a result of the preservation of SRF interest rates,” says Anca Dragu, Governor of the National Bank of Moldova (NBM). She said this on Tuesday evening while presenting the second inflation forecast for 2024 and 2025 to journalists of the Economic Press Club.

For the seventh month in a row, the inflation rate in Moldova remains in a steady falling trend, National Bank of Moldova (NBM) Governor Anca Dragu said. The banker presented the second forecast of the consumer price index for 2024 and 2025 at a meeting of the Economic Press Club on Tuesday evening, INFOTAG correspondent reported.

The administrative board of Moldova's largest financial institution - maib convenes the next annual general shareholders' meeting for June 19. As the bank's administrative board told the INFOTAG correspondent, the meeting will be held at the central office of the financial institution in Chisinau, August 31 1989, 127 str.

Prices in Moldova rose by an average of 1.78% in April, against 2.2% in March. According to the National Bureau of Statistics, inflation has amounted to 3.8% since the beginning of the year, while annual inflation (from April 2023 to April 2024) amounted to 3.51%.

"Congratulations Moldova! Congratulations Europe!," Anca Dragu, Governor of the National Bank of Moldova (NBM), addressed this congratulatory message to the citizens of the Republic of Moldova on May 9. The banker said that for her the Day of Peace and Unity in Europe this year has a "special significance."

The government expands access to financing for entrepreneurs through the "373" program. According to INFOTAG, the decree was adopted at the govermental meeting on Wednesday.

The National Bank of Moldova lowered the prime rate applied to the main short-term monetary policy operations by another 0.15 p.p., down to 3.6% per annum - to 3.6% per annum. As INFOTAG reports, this was announced by NBM Governor Anca Dragu at the meeting of the Economic Press Club following the meeting of the Bank's Executive Committee.

The recovery of the Moldovan economy "is slower than expected, as the country continues to suffer the consequences of the war that Russia is waging in Ukraine and face difficulties in this situation, " according to a statement by IMF Mission Chief Clara Mira, following her visit to Chisinau from April 22 to May 3.

Tax revenues to the national budget exceeded 22.594 billion lei by early May, which is 2.1 billion lei or 10.4% more than in the same period of 2023, according to operative data from the State Tax Service (STS).

The Agency for Interventions and Payments in Agriculture ((AIPA) transferred in April subsidies to agricultural producers totaling 247.25 million lei.

The chairman of “Our Party” Renato Usatii is the richest Moldovan politician. As INFOTAG reports, this is evidenced by his income declaration for 2023.

Parliament Speaker Igor Grosu met with the IMF mission led by Clara Mira, informing the mission “about the progress in the parliamentary agenda.”

“The regulator's requirement to the capital of banks in Moldova is twice as high as in the EU countries,” said Vasile Tofan, senior partner of Horizon Capital investment fund (USA), member of the Administrative Council of Bank maib. In an interview with INFOTAG, he said that the ratio of banks' equity capital in the Moldovan banking system is about 30%.

The parliamentary opposition represented by deputies of the Communist and Socialist Bloc has once again proposed to increase the profit tax for banks from 12% to 18%.

The European Bank for Reconstruction and Development (EBRD) has appointed Arvid Tuerkner as Managing Director for Ukraine and Moldova. As reported by the INFOTAG agency, Ukraine is a priority investment destination for the bank.

In 2023, Moldova recorded more than 185 million non-cash transactions, which according to experts' estimates, constitutes an “unprecedented growth” for the republic.

According to Transnistrian customs officials, sugar imports from Moldova to the region increased 35 times in the first quarter of 2024.

The influx of portfolio investors into Moldovan banks, as well as banks' attraction of cheap money on international markets, is facing one problem - the regulatory restriction of a significant share in the capital of banks to 1%. This was stated in an interview to “INFOTAG: agency by the senior partner of the Horizon Capital fund (USA), Vasiliy Tofan.

The next Mission of the International Monetary Fund (IMF), headed by Clara Mira, will arrive in Chisinau on April 22 and will stay until May 2. The head of the IMF permanent mission in Moldova, Svetlana Cerovic, announced this on Friday.