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Forvis Mazars, an international partner in the field of audit, taxation and consulting, announced the launch of its activity in the Republic of Moldova in a special event called “Symphony of New Beginnings”. The event took place on October 15 at the Organ Hall in Chisinau.
Experts note that the problem in Moldova is not so much the lack of money as the inability to utilize it. In their report on budget execution in the first half of 2025, experts from the Ministry of Finance also point this out. The decrease of revenues in the implementation of projects with international financing has become a trend that is observed almost monthly. Auditors of the Accounts Chamber (AC) also confirm these statements.
Moldova will become a full member of the Single Euro Payments Area (SEPA) next week. This was said during a meeting that the president of the National Bank of Moldova, Anca Dragu, held in Brussels with the director general of the European Commission’s Directorate General for Economic and Financial Affairs (DG ECFIN), Martin Verwey.
“Financial independence starts with a simple rule: half of your income goes for current expenses, about a third for personal needs, and at least 20% for savings. If there is a ‘safety cushion’ for at least three months, you are free to choose a job, are not tied to circumstances and can afford a pause between hard stages,” says Anca Dragu, Governor of the National Bank of Moldova.
Chisinau hosted Taxcon’25 – the largest conference on taxation, where regulators, business and international experts assessed the country’s fiscal course. This year, the main topics were the harmonization of taxes and excise duties with EU legislation, digitalization of tax administration, and the impact of artificial intelligence on the automation of fiscal systems. For Moldova, which is on its way to the EU, these issues are of key importance: not only the fulfillment of European requirements, but also the ability to support economic growth depends on how the country adjusts its tax levers.
According to the vision of the Ministry of Finance, the country should increase tax revenues by 10% annually over the next three years. The share of taxes in GDP will grow from 32.2% in 2025 to 33.6% in 2028. At the same time, the grant component in budget revenues will gradually decrease. This trend can already be traced in the current year’s budget execution and will intensify in the following years.
Sireţi commune (Straseni district) intends to attract 3 million lei by issuing securities to finance road repairs. The value of one bond is 1 thousand lei. This is the first experience of issuing its own bonds by a rural settlement.
The total income tax declared by legal entities-residents of Moldova for 2024 amounted to 7.5 billion lei. The data are presented in the report of the State Tax Service.
Technologies are firmly entering all spheres of social and economic life. At the same time, their development is so rapid that the authorities do not have time to fit them into the regulatory and legal framework. New payment instruments are especially difficult to legalize. Recently, the government has opened the legislative floodgates with regard to PayPal (and not only).
According to the National Bureau of Statistics, there are 1446 companies and 2815 specialists providing accounting services in Moldova. The market turnover amounts to 1,237 million lei. These are the latest NBS data for 2023, which represent the number of companies involved in accounting and legal consulting. But they reflect the general trend, because these services tend to correlate with each other.
After five months of methodical reduction, the official foreign exchange reserves in June were significantly replenished – by 221.49 million euros. The assistance from the EU has arrived. However, the size of the “piggy bank” (5,070.24 million euros) is not yet at the height it was at the beginning of the year (5,164.1 million euros). Although by generally accepted standards the reserves are quite sufficient to serve as a “safety cushion”. The debate – for what and for whom – is still raging.
Why don’t we use international reserves to invest in the economic development of the country? This question arises quite often. The Expert grup analytical center has prepared a detailed commentary on this issue. Here are its main theses.
