Moldova will increase its quota in the IMF. The government on Wednesday approved a draft law, which then has to be approved by the parliament.

“In partnership with the European Bank for Reconstruction and Development (EBRD), maib is pleased to announce the launch of an innovative program spreading small business lending risks by 40 million euros,” said maib CFO Macar Stoianov.

The National Bank forecasts an average annual inflation of 4.6% in 2024 and 4.9% in 2025. As INFOTAG reports, this is stated in the “Inflation Report” for the third quarter, presented by NBM governor Anca Dragu on Tuesday.

The European Bank for Reconstruction and Development (EBRD), supported by the European Union, signed on Tuesday a new cooperation agreement with two banks, maib and OTP, to support small and medium-sized businesses in Moldova.

The European Union will invest 32 million euros in the rehabilitation of Moldova's railroad from North to South. As the agency “INFOTAG” reports, this was announced in social networks by the EU Delegation in Chisinau.

The head of the European Union (EU) Delegation to Moldova, Janis Mazeiks, said that the EU will continue to support Moldova and invest in all regions of the country in a balanced way, regardless of how the fall elections went.”

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.