Finances
NATIONAL BANK GOVERNOR CONGRATULATES MOLDOVAN CITIZENS ON DAY OF PEACE AND UNITY IN EUROPE
"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."
detailsGOVERNMENT EXPANDS ACCESS TO FUNDING THROUGH THE "373" PROGRAM
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.
detailsNBM EXECUTIVE COMMITTEE REDUCES PRIME RATE TO 3.6%
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.
detailsIMF MISSION: MOLDOVA'S ECONOMIC RECOVERY IS SLOWER THAN EXPECTED
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.
detailsTAX REVENUES TO NATIONAL BUDGET EXCEEDED 22.594 BILLION LEI BY BEGINNING OF MAY
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).
detailsAIPA PROVIDED SUBSIDIES WORTH 247 MILLION LEI IN APRIL TO MORE THAN 900 FARMERS
The Agency for Interventions and Payments in Agriculture ((AIPA) transferred in April subsidies to agricultural producers totaling 247.25 million lei.
detailsLEADER OF “OUR PARTY” - THE RICHEST MOLDOVAN POLITICIAN, ACCORDING TO HIS INCOME DECLARATION
The chairman of “Our Party” Renato Usatii is the richest Moldovan politician. As INFOTAG reports, this is evidenced by his income declaration for 2023.
detailsIGOR GROSU INFORMS IMF MISSION ON SUCCESSES IN PARLIAMENTARY AGENDA
Parliament Speaker Igor Grosu met with the IMF mission led by Clara Mira, informing the mission “about the progress in the parliamentary agenda.”
detailsCAPITAL ADEQUACY OF BANKS IN MOLDOVA IS TWO TIMES HIGH THAN IN EU COUNTRIES – PARTNER OF THE FUND HORIZON CAPITAL (USA)
Capital adequacy in commercial banks of Moldova is two times higher than in the EU countries, said Vasily Tofan, senior partner of the investment fund Horizon Capital (USA), member of the Administrative Council of maib bank. In an interview with the Infotag agency, he said that the ratio of banks' own capital in the banking system of Moldova is approximately 30%.
detailsCAPITAL REQUIREMENT FOR BANKS IN MOLDOVA IS TWICE AS HIGH AS IN EU COUNTRIES - HORIZON CAPITAL FUND (USA) PARTNER
“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%.
detailsPARLIAMENTARY OPPOSITION ONCE AGAIN PROPOSES TO INCREASE THE PROFIT TAX FOR BANKS FROM 12 TO 18%
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%.
detailsNEW EBRD MANAGING DIRECTOR FOR UKRAINE AND MOLDOVA WAS APPOINTED ARVID TUERKNER
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.
detailsNATIONAL PROGRAM “CASHLESS PAYMENTS” STARTS IN MOLDOVA ON APRIL 25
In 2023, Moldova recorded more than 185 million non-cash transactions, which according to experts' estimates, constitutes an “unprecedented growth” for the republic.
detailsACCORDING TO TRANSNISTRIAN DATA, SUGAR IMPORTS FROM MOLDOVA INTO REGION INCREASED 35 TIMES IN FIRST QUARTER OF 2024
According to Transnistrian customs officials, sugar imports from Moldova to the region increased 35 times in the first quarter of 2024.
detailsATTRACTING MONEY BY BANKS IN INTERNATIONAL CAPITAL MARKETS IS STYMIED BY A SIGNIFICANT RESTRICTION OF 1%
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.
detailsIMF MISSION ARRIVES IN MOLDOVA AND WILL STAY FROM APRIL 22 TO MAY 2
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.
detailsCNPF TO CONDUCT CAPITAL MARKET DIAGNOSTICS WITH USAID SUPPORT
The National Commission for Financial Markets (CNPF) with the support of USAID is launching a diagnosis of Moldova's capital market. INFOTAG newsperson was informed by the commission, the regulator is developing a Capital Market Development Strategy for 2025-2028 for this purpose.
detailsMOLDOVA TO RECEIVE GRANT AND LOAN FROM THE COUNCIL OF EUROPE DEVELOPMENT BANK FOR THE IMPLEMENTATION OF THE “STATE HOUSING III” PROJECT
The government on Wednesday approved two projects for the ratification of agreements with the Council of Europe Development Bank to obtain a grant and loan for the implementation of the ”State Housing III” project.
detailsFINANCE MINISTRY PLACED TWO- AND THREE-YEAR GOVERNMENT BONDS TOTALING 128 MILLION LEI (7.3 MILLION USD)
The Finance Ministry has placed two and three-year state bonds totaling 128 million lei (7.3 million dollars). The National Bank of Moldova (NBM) told the INFOTAG correspondent that the average rate of fixed yield on these securities amounted to 4.93%, which slightly exceeds the annual inflation rate, which amounted to 3.94% at the end of March.
detailsRUSSIAN PAYMENT SYSTEM “MIR” IS IMPOSSIBLE TO USE IN MOLDOVA - CONCLUDES THE NATIONAL BANK
The National Bank of Moldova (NBM) has stated that servicing the Russian payment system “MIR” on the territory of the Republic of Moldova is impossible. As reported by “INFOTAG”, the NBM emphasized that it is the sole institution in the country responsible for licensing, regulating, and supervising the activities of banks in the Republic of Moldova and branches of banks from other states.
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