The government’s desire to borrow more from the domestic market is not supported by commercial banks despite a stable supply of yields, Logos Press reported.
With the support of the World Bank Group, finances in Moldova will become widely accessible to the most diverse segments of society, presumably by 2030, when a strategic document on this subject will appear, Logos Press reports.
The situation in the economy forces the National Bank to increasingly use the “safety cushion” of the state to ensure its viability, reports Logos Press.
In October, after a September respite (6.9%), annual inflation returned to an upward trajectory of 7%, Logos Press reported.
Citizens have become more active in lending to the government, having recently bought over 40 million lei worth of government securities through an online platform, Logos Press reported.
The functions of monitoring the quality of state policy in the context of the country’s future accession to the EU will be taken over by the Economic Council under the Prime Minister in a new format, Logos Press reports.
This year’s fall has been fruitful for forecasts of the country’s economic development. Updates followed from both international partners – IMF, WB – and local experts. All of them show cautious optimism about overcoming stagnation. However, they are unanimous that sufficient recovery growth should not be expected.
The Executive Committee of the National Bank of Moldova at its meeting on November 6 unanimously decided to keep the prime rate at the current level, reducing the mandatory reserve requirements for banks
Changing the legislation on possibly allowing women to serve conscripted military service in the army is under discussion, judging by the publications of the Moldovan Defense Ministry, Logos Press reported.
The World Bank considers the financial situation of the Moldovan banking sector as sustainable and capable of supporting economic activity while maintaining financial stability, Logos Press reports.
Speaking at the opening of the Leaders’ Summit in Bucharest “Roadmap for the Future”, Anca Dragu, Governor of the National Bank, emphasized the structural changes in Moldova’s economy: from a significant dependence on agriculture in 2001 (a quarter of GDP) to a diversified structure today, where the service sector accounts for 58% of GDP and the IT sector is prominent – about 8%.
The representative office of the World Bank Group in Moldova has revised the country’s economic development forecast for the medium term, raising the expected GDP growth in 2025 from 0.9% to 1.5%, – reports Logos Press.
The government today announced the opening of registration for energy compensation payments for the 2025-2026 heating season, which will be made in cash, Logos Press reports.
Financial market regulators, capital market regulators and enforcement authorities are preparing for legal regulation of the cryptocurrency market under Europe’s single MiCA, Logos Press reported.
The total project budget is $59.8 million. The project is financed by a loan from the International Bank for Reconstruction and Development (IBRD) and two grants ratified by Parliament in 2023. The project implementation period is from October 2023 to December 2029. Its main objective is to strengthen the educational infrastructure and improve the quality of the teaching and learning process.
The state has not learned to spend even other people’s money on the development of the country. Foreign aid is spent mainly on salaries and pensions and other current expenditures. In other words, it is eaten up. It is not always possible to “digest” the money for capital investments. The Accounts Chamber gives figures and reasons for such “indigestion”.
In the 2024 Census, people were most likely to cite their difficulties with vision, mobility, hearing and memory, Logos Press reported.
The representation of women and men in the management bodies of companies listed on the stock exchange will try to equalize with the introduction of European requirements in the national legislation, – reports Logos Press.
The judiciary lacks internal controls over spending, which the Audit Chamber said led to “significant irregularities in both the use of budget allocations and the management of state property” in 2022 – 2023, Logos Press reported.
The state budget execution at the end of September ended with a deficit of about 7 billion lei against 7.5 billion lei at the end of August, thanks to the outpacing growth of the revenue side, Logos Press reported.
