Finances

REMITTANCES TO MOLDOVA INCREASE BY ALMOST 15%

REMITTANCES TO MOLDOVA INCREASE BY ALMOST 15%
25 september, 2020

The volume of remittances to Moldova through banks from abroad in favor of individuals amounted to US $ 921.53 million as of September 1, which is by US $ 118.78 or by 14.8% more than at the same period of 2019.

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COMPETITION COUNCIL FINES AVIA INVEST FOR 31.63 MILLION LEI FOR ABUSE OF DOMINANT POSITION

COMPETITION COUNCIL FINES AVIA INVEST FOR 31.63 MILLION LEI FOR ABUSE OF DOMINANT POSITION
25 september, 2020

The Competition Council has imposed 31.63 million lei on Avia Invest, the concessionaire of Chisinau Airport. The reason is "abuse of the dominant position in the market for providing access to infrastructure and facilities to ground services companies."

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AUDIT REVEALS 'POOR GOVERNANCE' AND 'GROSS BREACHES' WITHIN MINISTRIES

AUDIT REVEALS
24 september, 2020

Igor Munteanu, chairman of the parliamentary commission for the control of public finances and deputy of the Platform DA, expressed dissatisfaction with the results of the audit in the ministries. On Thursday, he presented the commission's report based on the results of the audit conducted by the Accounts Chamber in eight of the nine ministries - the Ministry of Finance, the Ministry of Justice, the Ministry of Defense, the Ministry of Internal Affairs, the Ministry of Foreign Affairs and European Integration, the Ministry of Agriculture, the Ministry of Health and the Ministry of Economy.

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MOLDOVA TO RECEIVE 9 MILLION EUROS FROM EUROPEAN COMMISSION FOR PUBLIC HEALTH SYSTEM

MOLDOVA TO RECEIVE 9 MILLION EUROS FROM EUROPEAN COMMISSION FOR PUBLIC HEALTH SYSTEM
24 september, 2020

Moldova will receive 9 million euros of non-refundable aid from the European Commission (EC) under the “EU for Moldova program: to help the health system in the emergency situation of a pandemic and implement reforms in accordance with the Association Agreement.”

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TWO MORE BANKS HAVE REDUCED THE LOAN TERM UNDER THE PRIMA CASA STATE PROGRAM FROM 25 TO 7 YEARS

TWO MORE BANKS HAVE REDUCED THE LOAN TERM UNDER THE PRIMA CASA STATE PROGRAM FROM 25 TO 7 YEARS
23 september, 2020

Mobiasbanca - OTP Group and Eximbank have reduced the loan term under the Prima Casa state program from 25 to 7 years.

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MARKET MECHANISMS DETERMINE LEU COURSE, NOT NBM’S DECISION

MARKET MECHANISMS DETERMINE LEU COURSE, NOT NBM’S DECISION
21 september, 2020

The National Bank of Moldova (NBM) reminded that the Moldovan leu rate is determined by market mechanisms, not by its decision, this is said in the bank's statement.

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PREMIER CHICU SAYS THAT IN 2021 MOLDOVA WILL CANCEL DOUBLE TAXATION OF DIVIDENDS

PREMIER CHICU SAYS THAT IN 2021 MOLDOVA WILL CANCEL DOUBLE TAXATION OF DIVIDENDS
21 september, 2020

In 2021, Moldova will cancel the double taxation of dividends, Prime Minister Ion Chicu announced to journalists on Monday morning, following his weekly meeting with President Igor Dodon and Parliament Speaker Zinaida Greceanii.

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​MARKET PRICE OF MOLDOVA-AGROINDBANK SHARE GROWS BY 100 LEI

​MARKET PRICE OF MOLDOVA-AGROINDBANK SHARE GROWS BY 100 LEI
18 september, 2020

The market price of the share of Moldova-Agroindbank (MAIB), the largest commercial bank of the Republic of Moldova constituted 3100 lei on Thursday following the results of trades on the Stock Exchange. This is by 100 lei more than the previous purchase and sale transaction, registered on September 7 with 21 shares of the bank.

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PROMO-LEX MAINTAINS THAT INITIATIVE GROUPS HAVE NOT RENDERED ACCOUNT FOR THEIR EXPENDITURES TOTALING 735K LEI

PROMO-LEX MAINTAINS THAT INITIATIVE GROUPS HAVE NOT RENDERED ACCOUNT FOR THEIR EXPENDITURES TOTALING 735K LEI
18 september, 2020

The initiative groups, which are collecting citizens' signatures in support of their presidential candidates, have not yet rendered an account of their expenditures totaling 735 thousand lei, Pavel Postica, the Program Director of the Promo-LEX Association, reported on Thursday.

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DODON STATES THAT MOLDOVA MAY RECEIVE 6.5-7 BILLION LEI IN ASSISTANCE BEFORE END OF 2020

DODON STATES THAT MOLDOVA MAY RECEIVE 6.5-7 BILLION LEI IN ASSISTANCE BEFORE END OF 2020
17 september, 2020

Before the end of the current year, Moldova may receive 6.5-7 billion lei equivalent as financial assistance from Russia, the European Union and the International Monetary Fund, President Igor Dodon stated on the Prime television on Wednesday night.

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TRANSFERS FROM STATE BUDGET TO COVERING SOCIAL FUND DEFICIENCY EXCEED 2.439 BILLION LEI

TRANSFERS FROM STATE BUDGET TO COVERING SOCIAL FUND DEFICIENCY EXCEED 2.439 BILLION LEI
17 september, 2020

The revenues of the social insurance budget by the beginning of September reached almost 16.209 billion lei (US $ 953.4 million), which is by 1.167 billion lei or by 7.7% more than at the same period of 2019.

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CEC REJECTS OPPOSITION’S ACCUSATIONS CONCERNING ITS IGNORING OF ELECTION CAMPAIGN FUNDING LEGISLATION

CEC REJECTS OPPOSITION’S ACCUSATIONS CONCERNING ITS IGNORING OF ELECTION CAMPAIGN FUNDING LEGISLATION
16 september, 2020

The Moldovan Central Election Commission has dispelled the accusations put forth by the Party of Action and Solidarity (PAS) that the Commission is allegedly ignoring the legislation on the funding of election campaigns. The CEC reminded that unlike parliamentary and local elections, presidential elections are run not by political parties but by individuals – real persons.

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CHINESE EMBASSY GIVES 26 LAPTOPS TO MOLDOVAN SCHOOLS

CHINESE EMBASSY GIVES 26 LAPTOPS TO MOLDOVAN SCHOOLS
15 september, 2020

The Chinese Embassy donated 26 laptops with licensed software to the education system of the Republic of Moldova as a part of the "Give a Computer for Education" campaign on Monday.

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FOR STEALING MONEY FROM BANKS SHOULD BE PUNISHED THOSE WHO PARTICIPATED IN IT - EU AMBASSADOR TO RM PETER MICHALKO

FOR STEALING MONEY FROM BANKS SHOULD BE PUNISHED THOSE WHO PARTICIPATED IN IT - EU AMBASSADOR TO RM PETER MICHALKO
15 september, 2020

For the theft of a billion dollars from Moldovan banks in 2014-2015, should be punish those who directly participated in it and the money is to return to the country. EU Ambassador to Moldova Peter Michalko stated this on Monday.

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PARLIAMENT APPROVES AMENDMENTS TO 2020 BUDGET

PARLIAMENT APPROVES AMENDMENTS TO 2020 BUDGET
11 september, 2020

On Friday, the parliament approved amendments to the law on the state budget for 2020 by votes of 59 deputies. The budget revenue will decrease by 649.5 million lei - to 37.2 billion lei (primarily due to the reduction in tax revenues from VAT on imported goods and grants from international organizations); expenditure - by 1.8 billion lei - to 53.2 billion lei (mainly due to a reduction in expenditures on projects with external financing).

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​MOLDOVAN PARLIAMENT RATIFIES MEMORANDUM ON EU’S 100M-EURO MACRO-FINANCIAL ASSISTANCE

​MOLDOVAN PARLIAMENT RATIFIES MEMORANDUM ON EU’S 100M-EURO MACRO-FINANCIAL ASSISTANCE
11 september, 2020

On Thursday afternoon, the Moldovan Parliament ratified the Memorandum on supplying a 100-million-euro macro-financial assistance to Moldova by the European Union. The forum thus approved in two readings straightaway the bills on Credit Agreement ratification and on the Memorandum on mutual understanding between the Republic of Moldova and the European Union concerning the macro-financial assistance.

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PARLIAMENT APPROVES IN FIRST READING MEASURES TO SUPPORT AGRARIANS AND EDUCATION SPHERE

PARLIAMENT APPROVES IN FIRST READING MEASURES TO SUPPORT AGRARIANS AND EDUCATION SPHERE
11 september, 2020

The parliament approved measures to support agrarians and education in the first reading on Thursday. Minister of Finance Serghei Puscuta, presenting the project, said that the package of measures related to agricultural producers provides for subsidies for interest on loans in banks, subsidies for VAT on land tax and other fees, the introduction of a moratorium on tax audits until the end of 2020. These measures will require the allocation of an additional 100 million lei.

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​PARLIAMENT ADOPTS DRAFT LAW ON AMENDMENTS TO BUDGET LAW IN FIRST READING

​PARLIAMENT ADOPTS DRAFT LAW ON AMENDMENTS TO BUDGET LAW IN FIRST READING
11 september, 2020

At a meeting on Thursday, the Moldovan Parliament adopted in the first reading a bill on amendments to the law on the state budget.

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NATIONAL BANK CHANGES MONETARY REGULATION INSTRUMENTS RATES "FOR INCENTIVE PURPOSES"

NATIONAL BANK CHANGES MONETARY REGULATION INSTRUMENTS RATES "FOR INCENTIVE PURPOSES"
10 september, 2020

The Executive Committee of the National Bank adopted a number of stimulating measures of the monetary policy aimed at achieving the main goal of the regulator.

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ACCOUNTANTS INFORM PREMIER ABOUT OBSTACLES IN WORK DUE TO PANDEMIC

ACCOUNTANTS INFORM PREMIER ABOUT OBSTACLES IN WORK DUE TO PANDEMIC
09 september, 2020

The obstacles faced by the accounting community due to the pandemic were the subject of a remote discussion between Prime Minister Ion Chicu and representatives of the Group of Accountants of the RM.

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