CREDITE DE VARA

Finances

NBM APPROVES 6-OF-7 MEMBERS OF NEW VICTORIABANK BOARD

NBM APPROVES 6-OF-7 MEMBERS OF NEW VICTORIABANK BOARD
17 august, 2018

The first president and founder of Victoriabank (VB), Victor Turcan, has good chances for preserving his current position of VB Administrative Board Chairman in its new personal composition.

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MICB SELLING 63.89% SHARES AS PER LAW ON BANKING ACTIVITIES

MICB SELLING 63.89% SHARES AS PER LAW ON BANKING ACTIVITIES
14 august, 2018

The Republic of Moldova’s second largest Moldindconbank is selling out at the public market 63.89% of its recently issued shares in conformity with the Law on Banking Activities put into force on January 1, 2018.

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NBM PRESIDENT SAYS THAT KROLL COMPANY WILL CONTINUE COOPERATION WITH MOLDOVA, BUT FURTHER REPORTS ARE NOT STIPULATED BY CONTRACT

NBM PRESIDENT SAYS THAT KROLL COMPANY WILL CONTINUE COOPERATION WITH MOLDOVA, BUT FURTHER REPORTS ARE NOT STIPULATED BY CONTRACT
10 august, 2018

The Kroll Company will be further collaborating with Moldova, but no further Kroll Reports on the situation in the Moldovan banking system have been stipulated by contract, Moldovan National Bank President Sergiu Cioclea stated in the interview composed of the answers he gave to the questions send in to him by various media outlets.

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​CHISINAU TROLLEYBUS FLEET BUILDS UP REVENUES

​CHISINAU TROLLEYBUS FLEET BUILDS UP REVENUES
08 august, 2018

By the beginning of August, this year’s revenues of the Chisinau Municipal Electric Transport Company (RTEC) amounted to 113 million lei, which figure was 7 million lei greater compared with the equivalent period of 2017.

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FILIP SAYS IT WILL BE HARD WITHOUT EU MACRO-FINANCIAL ASSISTANCE, BUT GOVERNMENT WILL MANAGE

FILIP SAYS IT WILL BE HARD WITHOUT EU MACRO-FINANCIAL ASSISTANCE, BUT GOVERNMENT WILL MANAGE
06 august, 2018

It will be indeed hard for Moldova to work and live without the European Union’s macro-financial assistance, but the Government will manage the hardships, Prime Minister Pavel Filip stated to journalists on Friday after the ceremony of opening the detour road around Ungheni build thanks to the European Union’s financial assistance.

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NATIONAL BANK’S NEW INFLATION FORECAST: 3.2% FOR CURRENT YEAR AND 4.9% FOR 2019

NATIONAL BANK’S NEW INFLATION FORECAST: 3.2% FOR CURRENT YEAR AND 4.9% FOR 2019
03 august, 2018

The average level of inflation in Moldova in 2018 will come out of the NBM-set ‘inflation corridor’ of 5% ±1.5%, and will reach 3.2%.

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MOLDOVAN GOVERNMENT PUTS UP 41.09% MAIB SHARES FOR SALE

MOLDOVAN GOVERNMENT PUTS UP 41.09% MAIB SHARES FOR SALE
03 august, 2018

The Republic of Moldova’s Public Property Agency has put up for sale 41.09% shares of the country’s largest financial institution – Moldova Agroindbank (MAIB) at a starting price of 1,059.3 lei per a 200-lei share.

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REMITTANCES TO MOLDOVA INCREASE BY 16%

REMITTANCES TO MOLDOVA INCREASE BY 16%
02 august, 2018

As of July 1, the volume of remittances to Moldova through banks from abroad in favor of individuals amounted to US$640.3 million, i.e. 16% more compared with the equivalent period of 2017.

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IMF TECHNICAL MISSION TO COME TO MOLDOVA IN SEPTEMBER

IMF TECHNICAL MISSION TO COME TO MOLDOVA IN SEPTEMBER
02 august, 2018

No visit of the IMF Assessment Mission to Moldova is planned till the end of 2018, Parliament Chairman Andrian Candu stated at the news conference he convened on Wednesday to draw up the results of the parliamentary Spring-Summer Session that ended last week.

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PUBLIC PROPERTY AGENCY SELLS AIR MOLDOVA FOR COMPANY’S DEVELOPMENT

PUBLIC PROPERTY AGENCY SELLS AIR MOLDOVA FOR COMPANY’S DEVELOPMENT
01 august, 2018

Vladimir Baldovici, Director of the Public Property Agency, reported at a press conference that the Air Moldova company has been put up for sale in order to find an investor interested in the company’s development.

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NBM DISSOCIATES ITSELF FROM POLITICAL STATEMENTS

NBM DISSOCIATES ITSELF FROM POLITICAL STATEMENTS
01 august, 2018

The National Bank of Moldova regards as unacceptable whatever political statements, does not recognize whatever pressing in the course of its work to cleanse the Moldovan banking system and to preserve the position of an independent institution working in pubic interests.

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STATISTICIANS CORRECT DATA ON 2017 INVESTMENTS IN LONG-TERM TANGIBLE ASSETS

STATISTICIANS CORRECT DATA ON 2017 INVESTMENTS IN LONG-TERM TANGIBLE ASSETS
01 august, 2018

Investments in long-term tangible assets accounted for over 23,498 million lei (US$1,398 million) in 2017, which is 3.5% more than a year before.

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KROLL REPORTS CONTAIN SUPPOSITIONS, BUT NOT PROOFS – BRITISH LAWYER

KROLL REPORTS CONTAIN SUPPOSITIONS, BUT NOT PROOFS – BRITISH LAWYER
31 july, 2018

The Kroll 1 and Kroll 2 reports on financial offenses in Moldova on stealing money from three banks contain not proofs and arguments, but simple presumptions and impressions, presented as absolute truth. Such an opinion was expressed by British regal lawyer James Ramsden at the Tuesday’s press conference.

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NBM KEEPS MONETARY POLICY INSTRUMENT RATES UNCHANGED

NBM KEEPS MONETARY POLICY INSTRUMENT RATES UNCHANGED
30 july, 2018

The National Bank of Moldova Administrative Board decided to preserve the base rate on short term transactions at the level of 6.5%, the rate on overnight deposits – at 3.5%, overnight credits – 9.5%. The required reserve ratio from funds attracted in the national currency and in nonconvertible currencies was also left at 40% (since May 2017), while in convertible – at 14% (since May 2011). The decision was taken on the basis of the latter macroeconomic analysis and the regular correction of the mid-term inflation forecast. The targeted annual inflation will fall to 2% on average in 4Q2018. The annual forecasted inflation was lowered by 0.1% – to 3.2% in 2018, while for 2019 – was left unchanged (4.9%). The next Administrative Board meeting on monetary policy will take place on September 24.

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MONEYVAL DID NOT ANALYSE LAWS ADOPTED BY MOLDOVAN PARLIAMENT

MONEYVAL DID NOT ANALYSE LAWS ADOPTED BY MOLDOVAN PARLIAMENT
30 july, 2018

A special Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) refuted the Moldovan authorities’ statements that the committee experts would have allegedly analyzed the recently adopted tax reform laws.

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FINANCE MINISTER PRESENTS CONCEPT OF FISCAL REFORM TO IMF

FINANCE MINISTER PRESENTS CONCEPT OF FISCAL REFORM TO IMF
26 july, 2018

The concept of financial reform, proposed by the ruling Democratic Party, was presented to the leadership of the International Monetary Fund in Washington.

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GOVERNMENT TO START NEGOTIATIONS ON DRAFT AGREEMENT ON TECHNICAL BARRIERS IN TRADE IN CIS

GOVERNMENT TO START NEGOTIATIONS ON DRAFT AGREEMENT ON TECHNICAL BARRIERS IN TRADE IN CIS
26 july, 2018

The Moldovan Government will start negotiations on the draft Agreement on technical barriers in trade between CIS member countries. A corresponding decision was taken at the Wednesday's Government sitting.

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CMC APPROVES REPORT ON EXECUTING 1H2018 CHISINAU BUDGET

CMC APPROVES REPORT ON EXECUTING 1H2018 CHISINAU BUDGET
25 july, 2018

The Chisinau Municipal Council approved on Tuesday the report on fulfillment of the budget over the first quarter of the year.

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CONSUMPTION GROWTH SNAPS MOLDOVAN BANKING SYSTEM OUT OF TORPOR - IDIS VIITORUL

CONSUMPTION GROWTH SNAPS MOLDOVAN BANKING SYSTEM OUT OF TORPOR - IDIS VIITORUL
25 july, 2018

Consumption growth progressively snaps the Moldovan banking system out of the torpor, said expert Veaceslav Ionita from the "Viitorul" [Future] Institute for Development and Social Initiatives (IDIS).

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DRAFT LEGISLATIVE AMENDMENTS IMPLY SELLING OF NEWLY ISSUED SHARES OF INSURANCE SOCIETIES

DRAFT LEGISLATIVE AMENDMENTS IMPLY SELLING OF NEWLY ISSUED SHARES OF INSURANCE SOCIETIES
25 july, 2018

The draft law on amending the Law on insuring, clearly regulates the procedure of selling the newly-issued share of insurance societies, which was conducted at the regulator's prescription.

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