Finances
NATIONAL BANK PREPARES THE CALENDAR FOR TRANSFERRING MOST OF THE CURRENCY RESERVES FROM U.S. DOLLARS TO EUROS – NBM GOVERNOR ANCA DRAGU
By the fall of 2024, the National Bank of Moldova (NBM) will have a calendar for transferring most of the country's currency reserves into euros. As INFOTAG reports, this was announced on Wednesday evening on the TV channel Rlive by the NBM governor Anca Dragu.
details"FINANCIAL EDUCATION FOR ALL" CAMP OPENED FOR THE FIRST TIME FOR 50 YOUNG PEOPLE IN VADUL LUI VODA
The competition of those willing to participate in the camp "Financial Education for All" amounted to 10 people per place. The press service of the National Bank (NBM) and the Expert-Grup center selected 50 young people who will participate in the camp. On Thursday, they gathered in Vadul-lui-Voda, where they will be trained in competent money management for three days.
detailsNATIONAL BANK TO APPLY STRICTER REQUIREMENTS TO BANKS TO PREVENT SYSTEMIC RISKS
The National Bank of Moldova (NBM) will apply stricter requirements to commercial banks to prevent systemic risks. As INFOTAG reports, this was discussed on Tuesday at a meeting of the Parliamentary Commission for Economy, Budget and Finance.
detailsDEMAND FOR CURRENCY IN MOLDOVA IN MAY WAS COVERED BY SUPPLY OF INDIVIDUALS BY 90.1%
The net demand of economic agents of Moldova for currency in May was covered by the net supply of it by individuals by 90.1% against 88.2% a month earlier.
detailsMOLDOVA NEEDS TO EXPAND ACCESS TO EUROPEAN FUNDS AND INITIATIVES - DEPUTY PRIME MINISTER FOR EUROPEAN INTEGRATION
“Moldova needs to expand access to European funds and initiatives,” Deputy Prime Minister for European Integration Cristina Gherasimov stated on Friday after a meeting with representatives of the "Weimar Triangle" countries (Poland, Germany and France) in Chisinau.
detailsNATIONAL BANK KEEPS PRIME RATE UNCHANGED AT 3.6%
The Executive Committee of the National Bank of Moldova (NBM) has kept the prime rate at the same level - 3.60%. The press service of the NBM informed that the decision was taken in the context of extending the previously adopted measures of monetary policy stimulation, which will have an effect in subsequent periods.
detailsU.S. EMBASSY RECALLED ITS CONTRIBUTION TO SUPPORT REFUGEES FROM UKRAINE
The U.S. has provided nearly 520 million dollars since February 2022 to support Ukrainian refugees in the region, of which more than 136 million dollars have been directed to humanitarian efforts in the Republic of Moldova.
detailsMINISTRY OF ENERGY PUBLISHES PROPOSALS FOR BUDGET AND TAX POLICY FOR 2025
The Energy Ministry has made a number of proposals for the draft fiscal and customs policy for 2025, aimed at “stimulating renewable energy technologies and eventually decarbonizing the energy sector.”
detailsENERGOCOM RETURNED 300 MLN. LEI TO STATE BUDGET AND REPAID 100 MLN. EUROS FROM EBRD LOAN
Energocom company returned 300 million lei to the state budget by reducing its authorized capital. The company's press service reported that this amount is part of the financial means contributed during 2022.
detailsSTATE PROVIDED 81 MILLION LEI IN FREE LEGAL AID IN 2023
Guaranteed legal assistance was provided in 2023 in 59,705 cases, for which the state spent more than 81 million lei. According to INFOTAG, such data are presented in the report of the National Legal Aid Council (CNAJGS), approved by Parliament on Friday.
detailsPARLIAMENT VOTES TO INCREASE INDEPENDENCE OF NATIONAL BANK, OPPOSITION CRITICIZES PROJECT
On Thursday, the Parliament adopted in the first reading a law aimed at increasing the independence of the National Bank of Moldova (NBM). The draft was prepared by the NBM taking into account the IMF recommendations and Moldova's commitments under the Association Agreement with the EU.
detailsPARLIAMENT ENHANCES THE INDEPENDENCE OF THE NATIONAL BANK BY COMPLYING WITH EU REGULATIONS
The Parliament will increase the independence of the National Bank of Moldova (NBM) by complying with EU regulations. The Parliamentary Commission for Economy, Budget and Finance approved the relevant draft law on Wednesday, INFOTAG reports.
detailsFINANCE MINISTRY DISCUSSED PRIORITIES OF COOPERATION PROJECTS FOR 2025
Priorities of the Ministry of Finance for future cooperation projects to be defined within the governmental negotiations in 2025, especially on assistance in the process of Moldova's accession to the European Union were the main topics of discussion at a meeting between State Secretary Vladimir Arachelov and a German delegation.
detailsNBM GOVERNOR: THE DEVELOPMENT OF A FAIR AND STABLE INSURANCE MARKET IN MOLDOVA IS AMONG THE PRIORITIES OF THE NATIONAL BANK
One of the priorities of the National Bank of Moldova (NBM) is the development of a fair, safe and stable insurance market in the Republic of Moldova. This was stated by NBM President Anca Dragu in a conversation with the Secretary General of the International Association of Insurance Supervisors (IAIS) Jonathan Dixon.
detailsNBM GOVERNOR ANCA DRAGU PRESENTED TO EBRD POLICY ON STRENGTHENING SUPERVISION AND RISK MANAGEMENT IN FINANCIAL SECTOR OF MOLDOVA
The development of the Moldovan financial and insurance market was discussed in London by Anca Dragu, Governor of the National Bank of Moldova (NBM), who met with representatives of the key institutional investor of Moldova - the European Bank for Reconstruction and Development (EBRD).
detailsINVESTOR ON TWO PATHS FOR MOLDOVA – EITHER ESTONIA, CROATIA, IRELAND OR DONBASS AND SOUTH OSSETIA
Vasile Tofan, a businessman and senior partner of Horizon Capital private investment fund, believes that Moldova is at a crossroads and must choose between prosperity and despair. As INFOTAG reports, the major investor said this at a press conference dedicated to the launch of the Citizens for Europe initiative.
detailsPARLIAMENT APPROVES REPORT ON ACTIVITY OF DEPOSIT GUARANTEE FUND
On Thursday, the Parliament heard and approved the report on the activity of the Deposit Guarantee Fund in the banking system for 2023.
detailsANCA DRAGU, GOVERNOR OF THE NATIONAL BANK, MET WITH THE DEPUTY MINISTER OF INTERNATIONAL RELATIONS AT THE JAPANESE MINISTRY OF FINANCE
“The macroeconomic context in Moldova has noticeably improved, inflation has returned to the corridor of its annual value of 5%,” said Anca Dragu at a meeting with Masato Kanda, Deputy Minister of International Relations at the Ministry of Finance of Japan, who is on official visit to Moldova on June 5-6.
detailsFUEL PRICES HIT 2024 LOW – ANRE
Fuel prices have been steadily decreasing in recent weeks, reaching the minimum of this year on June 5.
detailsLEADER OF “OUR PARTY” SUGGESTED HALVING THE EXCISE TAX ON CAR IMPORTS TO MOLDOVA
The chairman of “Our Party” Renato Usatii believes that the excise tax on importing cars to Moldova should be at least halved.
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