Finances
CAPITAL REQUIREMENT FOR BANKS IN MOLDOVA IS TWICE AS HIGH AS IN EU COUNTRIES - HORIZON CAPITAL FUND (USA) PARTNER
“The regulator's requirement to the capital of banks in Moldova is twice as high as in the EU countries,” said Vasile Tofan, senior partner of Horizon Capital investment fund (USA), member of the Administrative Council of Bank maib. In an interview with INFOTAG, he said that the ratio of banks' equity capital in the Moldovan banking system is about 30%.
detailsPARLIAMENTARY OPPOSITION ONCE AGAIN PROPOSES TO INCREASE THE PROFIT TAX FOR BANKS FROM 12 TO 18%
The parliamentary opposition represented by deputies of the Communist and Socialist Bloc has once again proposed to increase the profit tax for banks from 12% to 18%.
detailsNEW EBRD MANAGING DIRECTOR FOR UKRAINE AND MOLDOVA WAS APPOINTED ARVID TUERKNER
The European Bank for Reconstruction and Development (EBRD) has appointed Arvid Tuerkner as Managing Director for Ukraine and Moldova. As reported by the INFOTAG agency, Ukraine is a priority investment destination for the bank.
detailsNATIONAL PROGRAM “CASHLESS PAYMENTS” STARTS IN MOLDOVA ON APRIL 25
In 2023, Moldova recorded more than 185 million non-cash transactions, which according to experts' estimates, constitutes an “unprecedented growth” for the republic.
detailsACCORDING TO TRANSNISTRIAN DATA, SUGAR IMPORTS FROM MOLDOVA INTO REGION INCREASED 35 TIMES IN FIRST QUARTER OF 2024
According to Transnistrian customs officials, sugar imports from Moldova to the region increased 35 times in the first quarter of 2024.
detailsATTRACTING MONEY BY BANKS IN INTERNATIONAL CAPITAL MARKETS IS STYMIED BY A SIGNIFICANT RESTRICTION OF 1%
The influx of portfolio investors into Moldovan banks, as well as banks' attraction of cheap money on international markets, is facing one problem - the regulatory restriction of a significant share in the capital of banks to 1%. This was stated in an interview to “INFOTAG: agency by the senior partner of the Horizon Capital fund (USA), Vasiliy Tofan.
detailsIMF MISSION ARRIVES IN MOLDOVA AND WILL STAY FROM APRIL 22 TO MAY 2
The next Mission of the International Monetary Fund (IMF), headed by Clara Mira, will arrive in Chisinau on April 22 and will stay until May 2. The head of the IMF permanent mission in Moldova, Svetlana Cerovic, announced this on Friday.
detailsCNPF TO CONDUCT CAPITAL MARKET DIAGNOSTICS WITH USAID SUPPORT
The National Commission for Financial Markets (CNPF) with the support of USAID is launching a diagnosis of Moldova's capital market. INFOTAG newsperson was informed by the commission, the regulator is developing a Capital Market Development Strategy for 2025-2028 for this purpose.
detailsMOLDOVA TO RECEIVE GRANT AND LOAN FROM THE COUNCIL OF EUROPE DEVELOPMENT BANK FOR THE IMPLEMENTATION OF THE “STATE HOUSING III” PROJECT
The government on Wednesday approved two projects for the ratification of agreements with the Council of Europe Development Bank to obtain a grant and loan for the implementation of the ”State Housing III” project.
detailsFINANCE MINISTRY PLACED TWO- AND THREE-YEAR GOVERNMENT BONDS TOTALING 128 MILLION LEI (7.3 MILLION USD)
The Finance Ministry has placed two and three-year state bonds totaling 128 million lei (7.3 million dollars). The National Bank of Moldova (NBM) told the INFOTAG correspondent that the average rate of fixed yield on these securities amounted to 4.93%, which slightly exceeds the annual inflation rate, which amounted to 3.94% at the end of March.
detailsRUSSIAN PAYMENT SYSTEM “MIR” IS IMPOSSIBLE TO USE IN MOLDOVA - CONCLUDES THE NATIONAL BANK
The National Bank of Moldova (NBM) has stated that servicing the Russian payment system “MIR” on the territory of the Republic of Moldova is impossible. As reported by “INFOTAG”, the NBM emphasized that it is the sole institution in the country responsible for licensing, regulating, and supervising the activities of banks in the Republic of Moldova and branches of banks from other states.
detailsBY THE END OF 2024, MOLDOVA'S DEBT TO GDP RATIO WILL NOT EXCEED 38% - FINANCE MINISTER PETRU ROTARU
External creditors assess the Republic of Moldova as a “reliable country,” said Finance Minister Petru Rotaru. According yo INFOTAG, in an interview with Europa Libera, Rotaru said that by the end of 2024, the state's debt will be less than 38% of Gross Domestic Product (GDP).
detailsECONOMIST: IN 2024, CITIZENS' INCOMES WILL INCREASE SIGNIFICANTLY AND WELFARE WILL BE TWICE AS HIGH AS IN 1991
“In 2024, the real incomes of citizens will increase significantly and the welfare of citizens will be twice as high as in the year of independence,” the author of the program "Economic Analyses with Veaceslav Ionita" said this on Fruday.
detailsBROADCASTING COUNCIL IMPOSED FINES AMOUNTING TO 3.14 MILLION LEI IN 2023
In 2023, the Broadcasting Council imposed fines totaling 3.14 million lei. As reported by INFOTAG, this was stated in its report presented to parliament on Thursday.
detailsBURSA DE VALORI DIN MOLDOVA ARE ȘANSE BUNE DE DEZVOLTARE – GUVERNATORUL BNM, ANCA DRAGU
Bursa de Valori din Moldova are șanse bune de dezvoltare, a declarat guvernatoare Băncii Naționale a Moldovei, Anca Dragu, după o vizită la București. După cum transmite servicul de presă al BNM către INFOTAG, în România, guvernatoarea BNM a discutat problemele interpenetrării piețelor de capital ale celor două țări.
detailsMOLDOVA'S STOCK EXCHANGE HAS GOOD CHANCES FOR DEVELOPMENT - NBM GUVERNOR ANCA DRAGU
The Moldovan Stock Exchange has good chances for development, stated National Bank Governor Anca Dragu following a visit to Bucharest. According to information provided to INFOTAG by bank’s press service, in Romania, the NBM governor discussed issues of mutual penetration of the capital markets of the two countries.
detailsANNUAL INFLATION IN MOLDOVA REACHED 3.94% IN MARCH
Annual inflation in Moldova reached 3.94% in March. In the first month of spring, prices in the republic increased on average by 0.46%, and since the beginning of the year, by 1.98%. This is reported by the National Bureau of Statistics.
detailsNATIONAL BANK GOVERNOR ANCA DRAGU DISCUSSES IN BUCHAREST INTERCONNECTION OF CAPITAL MARKETS OF TWO COUNTRIES
The Governor of the National Bank of Moldova (NBM), Anca Dragu, is discussing in Bucharest the interconnection of the capital markets of the two countries. The NBM press service reported that the national Bank Governor is holding talks with representatives of the Bucharest Stock Exchange (BVB), the Financial Supervision Authority (ASF) and the National Bank of Romania on the upcoming interconnection of capital markets, deepening of supervisory mechanisms as well as intervention tools.
detailsNATIONAL BANK CURRENCY RESERVES INCREASED IN MARCH BY 4.68 MLN. USD
The official currency reserve assets of the National Bank of Moldova (NBM) increased by 4.68 million dollars in March, exceeding 5.393 billion dollars by early April.
detailsTURKISH LOW-COST CARRIER EXPANDS NUMBER OF REGULAR FLIGHTS FROM CHISINAU FROM BEGINNING OF MAY
The Turkish low-cost company Pegasus Airlines will increase the frequency of regular flights from/to Chisinau from May 5.
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