Finances

AUREL CIOCOI RECEIVES CHINESE INVESTOR

AUREL CIOCOI RECEIVES CHINESE INVESTOR
21 january, 2021

Possibilities of the development of trade and economic cooperation between the Republic of Moldova and the People’s Republic of China in the context of negotiations on signing a bilateral agreement on free trade were discussed on Wednesday between Moldova’s Acting Prime Minister Aurel Ciocoi and potential investor from China Mr. Chu Song.

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MOLDOVA MAY PLACE EUROBONDS WITH YIELD OF 3-3.5% – GOVERNMENTAL SOURCE

MOLDOVA MAY PLACE EUROBONDS WITH YIELD OF 3-3.5% – GOVERNMENTAL SOURCE
14 january, 2021

The cost of eurobonds placement by Moldova will not exceed 3-3.5%, a source in the Moldovan Government told Infotag. According to it, such a yield is forecasted by the representatives of foreign banks, who consulted the Government on the eurobonds issue question.

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FOREIGN EXCHANGE RESERVES OF MOLDOVA INCREASED BY $ 724 MLN IN 2020

FOREIGN EXCHANGE RESERVES OF MOLDOVA INCREASED BY $ 724 MLN IN 2020
12 january, 2021

Moldova's foreign exchange reserves exceeded $ 3.783 billion in 2020, having increased by $ 783.9 million over the year. As Infotag reports, citing data from the National Bank (NBM), in December reserves increased by more than $ 103 million.

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FINANCE MINISTRY MISSED ALMOST 300 MLN. LEI AT THE LAST AUCTION FOR THE PLACEMENT OF SECURITIES

FINANCE MINISTRY MISSED ALMOST 300 MLN. LEI AT THE LAST AUCTION FOR THE PLACEMENT OF SECURITIES
11 january, 2021

At the last auction for the placement of state securities (SS), the Ministry of Finance did not collect nearly 300 million lei. As Infotag reports, offering securities for 970 million lei, the volume of placement amounted to only 691.8 million lei.

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NBM EXPERTS STUDYING NEW RULES OF COMBATING MONEY LAUNDERING

NBM EXPERTS STUDYING NEW RULES OF COMBATING MONEY LAUNDERING
30 december, 2020

Specialists from the National Bank of Moldova have familiarized themselves with new rules of international bodies in the sphere of prevention of money laundering and terror funding.

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FUEL PRICES IN MOLDOVA HAVE INCREASED SECOND TIME SINCE BEGINNING OF DECEMBER

FUEL PRICES IN MOLDOVA HAVE INCREASED SECOND TIME SINCE BEGINNING OF DECEMBER
29 december, 2020

Since Monday, prices for gasoline and diesel have increased again.

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MOLDOVAN GOVERNMENT DECIDES TO RAISE SALARIES TO HEALTH WORKERS BY 30% SINCE JANUARY 2021

MOLDOVAN GOVERNMENT DECIDES TO RAISE SALARIES TO HEALTH WORKERS BY 30% SINCE JANUARY 2021
23 december, 2020

The Moldovan Government held an extraordinary working meeting on Tuesday and decided to push up salaries to health workers (employed in the state healthcare system) by 30% starting from January 1, 2021. The raise has been stipulated in the Law on the 2021 State Budget and in the Law on the 2021 Fiscal Policy.

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PRO-MOLDOVA CHALLENGES ANNULMENT OF 'LAW ON BILLION' WITH CONSTITUTIONAL COURT

PRO-MOLDOVA CHALLENGES ANNULMENT OF
22 december, 2020

On Monday, the Pro-Moldova Party, in the person of its leader Andrian Candu, challenged with the Constitutional Court the annulment of the 'law on the stolen billion' that was approved on December 16 by the Socialist faction and the Platform "For Moldova" group.

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BANKS' SHAREHOLDERS IN A FEW MONTHS WILL RECEIVE DIVIDENDS - NBM PRESIDENT OCTAVIAN ARMASU

BANKS
18 december, 2020

The banks' shareholders may receive dividends in a few months, - the President of the National Bank of Moldova (NBM), Octavian Armasu, said. He stated in an interview with Radio Free Europe that "the NBM had recommended refraining from paying dividends in 2020."

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BUDGET DEDUCTIONS TO REACH 30 BILLION LEI IN 2021 - GOLOVATIUC

BUDGET DEDUCTIONS TO REACH 30 BILLION LEI IN 2021 - GOLOVATIUC
18 december, 2020

In 2021, deductions from the State Budget to local budgets and to the funds of social insurance and compulsory health insurance will reach 30 billion lei, Chairman of the parliamentary Standing Committee for Economy, Budget and Finance Dr. Vladimir Golovatiuc stated at a press briefing on Thursday.

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​PARLIAMENT PASSES ESSENTIAL BUDGET LAWS UNEXPECTEDLY AND LATE AT NIGHT

​PARLIAMENT PASSES ESSENTIAL BUDGET LAWS UNEXPECTEDLY AND LATE AT NIGHT
17 december, 2020

Late at night on Wednesday, the Moldovan Parliament approved the so-called ‘package of budget laws’ for the next year and the Concept of the 2021 Fiscal Policy – all in the absence of opposition parties, who announced yet on Wednesday noon their boycotting of the plenary meeting “because its agenda contains toxic bills”, and who then walked out of the room.

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MOLDOVAN PARLIAMENT ANNULS LAW ON RETURNING THE STOLEN BILLION

MOLDOVAN PARLIAMENT ANNULS LAW ON RETURNING THE STOLEN BILLION
16 december, 2020

On Wednesday, the 101-member Parliament of Moldova annulled the Law on the order of returning the billion U.S. dollars [equivalent] stolen from the Moldovan banking system. The annulment law was passed by the votes of 56 deputies representing the Party of Socialists, the Sor Party and the Platform “For Moldova”.

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PAS PROPOSES NOT TO RAISE VAT RATES FOR FARMERS

PAS PROPOSES NOT TO RAISE VAT RATES FOR FARMERS
16 december, 2020

The Party of Action and Solidarity suggests preserving VAT rates for agricultural producers at the present-time level.

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ADOPTION OF ‘BUDGET PACKAGE’ IS PRIORITY FOR PARLIAMENT – IGOR DODON

ADOPTION OF ‘BUDGET PACKAGE’ IS PRIORITY FOR PARLIAMENT – IGOR DODON
14 december, 2020

Incumbent President Igor Dodon believes that the adoption of the Fiscal Policy and budgets for 2021 is the Parliament’s number one priority for the present moment. He stated this after a consultative meeting with Parliament Speaker Zinaida Greceanii and Prime Minister Ion Chicu. The Premier, who is taking a course of COVID-19 treatment at home, participated in the conversation in an online mode.

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AVERAGE PAY SIZE IN MOLDOVA HAS REACHED 7991 LEI (US$464.6)

AVERAGE PAY SIZE IN MOLDOVA HAS REACHED 7991 LEI (US$464.6)
14 december, 2020

The average monthly accrued salary/wage size marked 7991.3 lei in September against 7849 lei a month in the second quarter of the current year.

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IMF REGARDS ATTEMPT TO ABOLISH BILLION LAW AS A “BACKWARD REFORM” IN THE BANKING SECTOR

IMF REGARDS ATTEMPT TO ABOLISH BILLION LAW AS A “BACKWARD REFORM” IN THE BANKING SECTOR
11 december, 2020

Rodgers Chawani, International Monetary Fund (IMF) Resident Representative in Moldova, described the legislative initiative of the deputies of the Party of Socialists (PSRM) to abolish the “law on the billion” as “an attempt to reverse the reforms begun in the banking sector”.

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STANDING COMMITTEE APPROVES BILL ON REPEALING LAW ON RETURN OF “THE STOLEN BILLION”

STANDING COMMITTEE APPROVES BILL ON REPEALING LAW ON RETURN OF “THE STOLEN BILLION”
10 december, 2020

The parliamentary Standing Committee for Economy, Budget and Finance approved on Wednesday a bill on annulling the Law on the order of returning of the US$1 billion equivalent stolen from the Moldovan banking system. The bill stipulates annulment of the 2016 Law on transforming into a national debt the time credits issued by the National Bank of Moldova (NBM) to three problematic commercial banks in 2014-2015.

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CHISINAU CITY HALL PUTS UP DRAFT OF 2021 MUNICIPAL BUDGET FOR PUBLIC DEBATE

CHISINAU CITY HALL PUTS UP DRAFT OF 2021 MUNICIPAL BUDGET FOR PUBLIC DEBATE
09 december, 2020

The Chisinau Primaria [city government] has published on its website the draft of the 2021 Municipal Budget and invited all interested people and organizations to speak out their proposals, ideas etc. by no later December 24.

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PLATFORMA DA PROPOSES OVER 30 AMENDMENTS TO DRAFT 2021 FISCAL POLICY

PLATFORMA DA PROPOSES OVER 30 AMENDMENTS TO DRAFT 2021 FISCAL POLICY
09 december, 2020

The political party called Platforma “Demnitate si Adevar” [DA, “Dignity and Justice”] has subjected the Government-prepared draft of the 2021 Fiscal Policy to a fairly strong criticism and has proposed more than 30 amendments to the document.

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SIX FORMER HEADS OF THREE BANKRUPTED BANKS PROSECUTED FOR FRAUD

SIX FORMER HEADS OF THREE BANKRUPTED BANKS PROSECUTED FOR FRAUD
07 december, 2020

Six former heads of three bankrupt banks - Banca de Economii, Unibank and Banca Sociala, as well as Shor holding, were charged on two counts - large-scale fraud and money laundering in the interests of a criminal organization.

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