Finances

CAPITAL REQUIREMENT FOR BANKS IN MOLDOVA IS TWICE AS HIGH AS IN EU COUNTRIES - HORIZON CAPITAL FUND (USA) PARTNER

CAPITAL REQUIREMENT FOR BANKS IN MOLDOVA IS TWICE AS HIGH AS IN EU COUNTRIES - HORIZON CAPITAL FUND (USA) PARTNER
26 april, 2024

“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%.

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PARLIAMENTARY OPPOSITION ONCE AGAIN PROPOSES TO INCREASE THE PROFIT TAX FOR BANKS FROM 12 TO 18%

PARLIAMENTARY OPPOSITION ONCE AGAIN PROPOSES TO INCREASE THE PROFIT TAX FOR BANKS FROM 12 TO 18%
25 april, 2024

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%.

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NEW EBRD MANAGING DIRECTOR FOR UKRAINE AND MOLDOVA WAS APPOINTED ARVID TUERKNER

NEW EBRD MANAGING DIRECTOR FOR UKRAINE AND MOLDOVA WAS APPOINTED ARVID TUERKNER
25 april, 2024

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.

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NATIONAL PROGRAM “CASHLESS PAYMENTS” STARTS IN MOLDOVA ON APRIL 25

NATIONAL PROGRAM “CASHLESS PAYMENTS” STARTS IN MOLDOVA ON APRIL 25
24 april, 2024

In 2023, Moldova recorded more than 185 million non-cash transactions, which according to experts' estimates, constitutes an “unprecedented growth” for the republic.

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ACCORDING TO TRANSNISTRIAN DATA, SUGAR IMPORTS FROM MOLDOVA INTO REGION INCREASED 35 TIMES IN FIRST QUARTER OF 2024

ACCORDING TO TRANSNISTRIAN DATA, SUGAR IMPORTS FROM MOLDOVA INTO REGION INCREASED 35 TIMES IN FIRST QUARTER OF 2024
23 april, 2024

According to Transnistrian customs officials, sugar imports from Moldova to the region increased 35 times in the first quarter of 2024.

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ATTRACTING MONEY BY BANKS IN INTERNATIONAL CAPITAL MARKETS IS STYMIED BY A SIGNIFICANT RESTRICTION OF 1%

ATTRACTING MONEY BY BANKS IN INTERNATIONAL CAPITAL MARKETS IS STYMIED BY A SIGNIFICANT RESTRICTION OF 1%
22 april, 2024

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.

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​IMF MISSION ARRIVES IN MOLDOVA AND WILL STAY FROM APRIL 22 TO MAY 2

​IMF MISSION ARRIVES IN MOLDOVA AND WILL STAY FROM APRIL 22 TO MAY 2
19 april, 2024

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.

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CNPF TO CONDUCT CAPITAL MARKET DIAGNOSTICS WITH USAID SUPPORT

CNPF TO CONDUCT CAPITAL MARKET DIAGNOSTICS WITH USAID SUPPORT
18 april, 2024

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.

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MOLDOVA TO RECEIVE GRANT AND LOAN FROM THE COUNCIL OF EUROPE DEVELOPMENT BANK FOR THE IMPLEMENTATION OF THE “STATE HOUSING III” PROJECT

MOLDOVA TO RECEIVE GRANT AND LOAN FROM THE COUNCIL OF EUROPE DEVELOPMENT BANK FOR THE IMPLEMENTATION OF THE “STATE HOUSING III” PROJECT
17 april, 2024

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.

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FINANCE MINISTRY PLACED TWO- AND THREE-YEAR GOVERNMENT BONDS TOTALING 128 MILLION LEI (7.3 MILLION USD)

FINANCE MINISTRY PLACED TWO- AND THREE-YEAR GOVERNMENT BONDS TOTALING 128 MILLION LEI (7.3 MILLION USD)
15 april, 2024

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.

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RUSSIAN PAYMENT SYSTEM “MIR” IS IMPOSSIBLE TO USE IN MOLDOVA - CONCLUDES THE NATIONAL BANK

RUSSIAN PAYMENT SYSTEM “MIR” IS IMPOSSIBLE TO USE IN MOLDOVA - CONCLUDES THE NATIONAL BANK
15 april, 2024

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.

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BY THE END OF 2024, MOLDOVA'S DEBT TO GDP RATIO WILL NOT EXCEED 38% - FINANCE MINISTER PETRU ROTARU

BY THE END OF 2024, MOLDOVA
12 april, 2024

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).

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ECONOMIST: IN 2024, CITIZENS' INCOMES WILL INCREASE SIGNIFICANTLY AND WELFARE WILL BE TWICE AS HIGH AS IN 1991

ECONOMIST: IN 2024, CITIZENS
12 april, 2024

“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.

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​BROADCASTING COUNCIL IMPOSED FINES AMOUNTING TO 3.14 MILLION LEI IN 2023

​BROADCASTING COUNCIL IMPOSED FINES AMOUNTING TO 3.14 MILLION LEI IN 2023
11 april, 2024

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.

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BURSA DE VALORI DIN MOLDOVA ARE ȘANSE BUNE DE DEZVOLTARE – GUVERNATORUL BNM, ANCA DRAGU

BURSA DE VALORI DIN MOLDOVA ARE ȘANSE BUNE DE DEZVOLTARE – GUVERNATORUL BNM, ANCA DRAGU
11 april, 2024

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.

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MOLDOVA'S STOCK EXCHANGE HAS GOOD CHANCES FOR DEVELOPMENT - NBM GUVERNOR ANCA DRAGU

MOLDOVA
11 april, 2024

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.

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​ANNUAL INFLATION IN MOLDOVA REACHED 3.94% IN MARCH

​ANNUAL INFLATION IN MOLDOVA REACHED 3.94% IN MARCH
10 april, 2024

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.

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NATIONAL BANK GOVERNOR ANCA DRAGU DISCUSSES IN BUCHAREST INTERCONNECTION OF CAPITAL MARKETS OF TWO COUNTRIES

NATIONAL BANK GOVERNOR ANCA DRAGU DISCUSSES IN BUCHAREST INTERCONNECTION OF CAPITAL MARKETS OF TWO COUNTRIES
09 april, 2024

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.

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NATIONAL BANK CURRENCY RESERVES INCREASED IN MARCH BY 4.68 MLN. USD

NATIONAL BANK CURRENCY RESERVES INCREASED IN MARCH BY 4.68 MLN. USD
08 april, 2024

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.

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TURKISH LOW-COST CARRIER EXPANDS NUMBER OF REGULAR FLIGHTS FROM CHISINAU FROM BEGINNING OF MAY

TURKISH LOW-COST CARRIER EXPANDS NUMBER OF REGULAR FLIGHTS FROM CHISINAU FROM BEGINNING OF MAY
05 april, 2024

The Turkish low-cost company Pegasus Airlines will increase the frequency of regular flights from/to Chisinau from May 5.

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