Finances

NATIONAL BANK PREPARES THE CALENDAR FOR TRANSFERRING MOST OF THE CURRENCY RESERVES FROM U.S. DOLLARS TO EUROS – NBM GOVERNOR ANCA DRAGU

NATIONAL BANK PREPARES THE CALENDAR FOR TRANSFERRING MOST OF THE CURRENCY RESERVES FROM U.S. DOLLARS TO EUROS – NBM GOVERNOR ANCA DRAGU
27 june, 2024

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.

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"FINANCIAL EDUCATION FOR ALL" CAMP OPENED FOR THE FIRST TIME FOR 50 YOUNG PEOPLE IN VADUL LUI VODA

"FINANCIAL EDUCATION FOR ALL" CAMP OPENED FOR THE FIRST TIME FOR 50 YOUNG PEOPLE IN VADUL LUI VODA
27 june, 2024

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.

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​NATIONAL BANK TO APPLY STRICTER REQUIREMENTS TO BANKS TO PREVENT SYSTEMIC RISKS

​NATIONAL BANK TO APPLY STRICTER REQUIREMENTS TO BANKS TO PREVENT SYSTEMIC RISKS
25 june, 2024

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.

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​DEMAND FOR CURRENCY IN MOLDOVA IN MAY WAS COVERED BY SUPPLY OF INDIVIDUALS BY 90.1%

​DEMAND FOR CURRENCY IN MOLDOVA IN MAY WAS COVERED BY SUPPLY OF INDIVIDUALS BY 90.1%
24 june, 2024

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.

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MOLDOVA 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
21 june, 2024

“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.

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NATIONAL BANK KEEPS PRIME RATE UNCHANGED AT 3.6%

NATIONAL BANK KEEPS PRIME RATE UNCHANGED AT 3.6%
21 june, 2024

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.

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U.S. EMBASSY RECALLED ITS CONTRIBUTION TO SUPPORT REFUGEES FROM UKRAINE

U.S. EMBASSY RECALLED ITS CONTRIBUTION TO SUPPORT REFUGEES FROM UKRAINE
20 june, 2024

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.

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MINISTRY OF ENERGY PUBLISHES PROPOSALS FOR BUDGET AND TAX POLICY FOR 2025

MINISTRY OF ENERGY PUBLISHES PROPOSALS FOR BUDGET AND TAX POLICY FOR 2025
19 june, 2024

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.”

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ENERGOCOM RETURNED 300 MLN. LEI TO STATE BUDGET AND REPAID 100 MLN. EUROS FROM EBRD LOAN

ENERGOCOM RETURNED 300 MLN. LEI TO STATE BUDGET AND REPAID 100 MLN. EUROS FROM EBRD LOAN
18 june, 2024

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.

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​STATE PROVIDED 81 MILLION LEI IN FREE LEGAL AID IN 2023

​STATE PROVIDED 81 MILLION LEI IN FREE LEGAL AID IN 2023
14 june, 2024

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.

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​PARLIAMENT VOTES TO INCREASE INDEPENDENCE OF NATIONAL BANK, OPPOSITION CRITICIZES PROJECT

​PARLIAMENT VOTES TO INCREASE INDEPENDENCE OF NATIONAL BANK, OPPOSITION CRITICIZES PROJECT
13 june, 2024

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.

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PARLIAMENT ENHANCES THE INDEPENDENCE OF THE NATIONAL BANK BY COMPLYING WITH EU REGULATIONS

PARLIAMENT ENHANCES THE INDEPENDENCE OF THE NATIONAL BANK BY COMPLYING WITH EU REGULATIONS
12 june, 2024

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.

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​FINANCE MINISTRY DISCUSSED PRIORITIES OF COOPERATION PROJECTS FOR 2025

​FINANCE MINISTRY DISCUSSED PRIORITIES OF COOPERATION PROJECTS FOR 2025
12 june, 2024

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.

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NBM GOVERNOR: THE DEVELOPMENT OF A FAIR AND STABLE INSURANCE MARKET IN MOLDOVA IS AMONG THE PRIORITIES OF THE NATIONAL BANK

NBM GOVERNOR: THE DEVELOPMENT OF A FAIR AND STABLE INSURANCE MARKET IN MOLDOVA IS AMONG THE PRIORITIES OF THE NATIONAL BANK
11 june, 2024

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.

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NBM GOVERNOR ANCA DRAGU PRESENTED TO EBRD POLICY ON STRENGTHENING SUPERVISION AND RISK MANAGEMENT IN FINANCIAL SECTOR OF MOLDOVA

NBM GOVERNOR ANCA DRAGU PRESENTED TO EBRD POLICY ON STRENGTHENING SUPERVISION AND RISK MANAGEMENT IN FINANCIAL SECTOR OF MOLDOVA
10 june, 2024

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).

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INVESTOR ON TWO PATHS FOR MOLDOVA – EITHER ESTONIA, CROATIA, IRELAND OR DONBASS AND SOUTH OSSETIA

INVESTOR ON TWO PATHS FOR MOLDOVA – EITHER ESTONIA, CROATIA, IRELAND OR DONBASS AND SOUTH OSSETIA
07 june, 2024

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.

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PARLIAMENT APPROVES REPORT ON ACTIVITY OF DEPOSIT GUARANTEE FUND

PARLIAMENT APPROVES REPORT ON ACTIVITY OF DEPOSIT GUARANTEE FUND
06 june, 2024

On Thursday, the Parliament heard and approved the report on the activity of the Deposit Guarantee Fund in the banking system for 2023.

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ANCA DRAGU, GOVERNOR OF THE NATIONAL BANK, MET WITH THE DEPUTY MINISTER OF INTERNATIONAL RELATIONS AT THE JAPANESE MINISTRY OF FINANCE

ANCA DRAGU, GOVERNOR OF THE NATIONAL BANK, MET WITH THE DEPUTY MINISTER OF INTERNATIONAL RELATIONS AT THE JAPANESE MINISTRY OF FINANCE
06 june, 2024

“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.

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​FUEL PRICES HIT 2024 LOW – ANRE

​FUEL PRICES HIT 2024 LOW – ANRE
05 june, 2024

Fuel prices have been steadily decreasing in recent weeks, reaching the minimum of this year on June 5.

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LEADER OF “OUR PARTY” SUGGESTED HALVING THE EXCISE TAX ON CAR IMPORTS TO MOLDOVA

LEADER OF “OUR PARTY” SUGGESTED HALVING THE EXCISE TAX ON CAR IMPORTS TO MOLDOVA
04 june, 2024

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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