The Parliamentary Commission for Economy, Budget and Finance approved on Thursday a draft law aimed at bank rehabilitation. The parliamentary press service told INFOTAG that the new law is meant to harmonize the Moldovan legislation with the European Union standards.

The staff of Moldova's largest financial institution maib earned a net profit of 399 million lei (20.6 million euro) in the third quarter of 2024. This financial result of the bank is 21.4% more than in the same period last year.

The government approved the ratification of a grant agreement with the International Bank for Reconstruction and Development and the International Development Association.

The Executive Committee of the National Bank of Moldova (NBM) has kept the prime rate at the same level - 3.60%. As INFOTAG reports, all members of the committee voted unanimously in favor of this decision.

Fines amounting to 3.5 million lei have been imposed for passive corruption in elections. The National Anti-Corruption Center (NAC) said on Friday.

Despite sufficient foreign exchange reserves, Moldova will depend on international financial assistance to meet its needs, World Bank (WB) economists say. The bank's new report on Moldova's economic outlook says that the budget deficit will remain high.

Finance Minister Viktoria Belous met the new UN coordinator in Moldova, Yeşim Oruç Caua. The minister thanked for the support provided through specialized agencies and successfully implemented development projects.

Moldova's state budget revenues reached 49.360bn lei by early October, up by 2.900bn lei or 6.2% compared to January-September 2023.

ENTSO-E, the European network of electricity transmission system operators, has announced a 24 percent increase in the capacity limit for electricity trade to Ukraine and the Republic of Moldova. The European Commission said the quota has been increased by 400 MW to 2,100 MW. The new quota will apply from December 1, reports said.

To receive compensation, citizens will have to register on the platform compensatii.gov.md. The registration will be open after November 1. The state secretary of the Ministry of Labor and Social Protection, Corina Ajder, said in an interview with Redio Moldova.

Finance Minister Victoria Belous met with a delegation of the U.S. Treasury Department headed by Assistant Secretary of State for Europe and Eurasia Brian McCauley. The press service of the Ministry of Finance informed that the meeting was held on the margins of the annual meetings of the IMF and the World Bank.

Reforms are fundamental for a stronger, more sustainable and more innovative Europe, said Anca Dragu, president of the National Bank of Moldova (NBM), speaking at the Regional Economic Outlook (REO) in Washington on Saturday. The bank's press service told INFOTAG that the event was dedicated to the economic prospects and general problems of Central, Eastern and Southeastern Europe.

The head of the Inspectorate General of Police (IGP), Viorel Cernauteanu, said that about 39 million dollars was transferred to Moldova for bribing voters in September-October. At a briefing on Thursday he said that this money came in two different ways - through an application to a Russian bank and through couriers.

Anca Dragu, Governor of the National Bank of Moldova (NBM), met in Washington with representatives of the U.S. Treasury. The press service of the NBM informed that the participants of the meeting discussed macroeconomic perspectives, as well as international sanctions.

The net demand of economic agents for currency in September was covered by the net supply of currency by individuals by 96.3% against 85.4% a month earlier. The press service of the National Bank of Moldova (NBM) reported that the net supply of currency from individuals decreased by 74.8 million dollars (20.3%) - to 294.2 million dollars, while the net demand of economic agents - by 126.7 million dollars (29.3%) - to 305.4 million dollars.

Finance Minister Victoria Belous with State Secretary Ion Gumene and the leadership of the National Bank of Moldova (NBM) are on a working visit to Washington, D.C., where they will participate in the annual meetings of the World Bank (WB) and the International Monetary Fund (IMF) on October 21-26.

The largest commercial bank in Moldova - maib organized a management meeting in Amsterdam to review the financial institution's development strategy. The bank's management board informed the INFOTAG agency that the retreat was attended by middle and senior managers, who also held a series of discussions with international leaders in banking and fintech.

The National Financial Market Commission (CNPF) has issued the first license to the company for the management of supplementary pension funds Aragonn Grup S. A. As the Commission informed, the founder of this company is the insurance company Asterra Grup S. A.

More than a thousand farmers affected by the drought have applied for financial assistance from the state. The Agency for Interventions and Payments in Agriculture (AIPA) announced this on Tuesday.

Purcari Wineries Group plans to generate revenues of 580-630 million Romanian lei in 2027, by the company's 200th anniversary, 70% more than the 370 million lei expected in 2024. Tthis was stated by Purcari Chairman of the Board of Directors Vasile Tofan at the presentation of the multi-year development strategy of Moldova's leading wine holding at the Bucharest Stock Exchange.