Moldova’s gross external debt increased in the first quarter of 2025 by 3.0% (+$303.82 million) and amounted to $10,517.15 million, which is 57.4% of GDP (+1.3 p.p. from the beginning of the year), – reports Logos Press.
According to preliminary data from the NBM, in the first quarter of 2025, the current account deficit of the balance of payments of the Republic of Moldova increased by 2.3 times over the year, exceeding the domestic production of goods and services by more than a quarter, Logos Press reports.
Full-fledged emergency response work is impossible because the transfer of the 112 emergency call service’s assets to the Ministry of Internal Affairs has not yet been completed, according to Logos Press.
With technical support from the World Bank, the government is embarking on reforming the public procurement system by centralising functions in line with European and international practice, according to Logos Press.
The National Anti-Fraud System, a new tool developed by the State Financial Control Inspectorate (SFCI), was presented last week during a meeting of the resumed Anti-Fraud Commission, Logos Press reported.
The low level of utilization of external loans for the implementation of investment projects continues to be a major problem. Having conducted an audit of public debt management, the Accounting Chamber noted underutilization of credit resources in the fulfillment of debt repayment obligations. Thus, for 12 projects with a low level of utilization, the state nevertheless paid interest and commissions in the amount of about 4.6 million euros.
In the first half of 2025, the Court of Accounts of the Republic of Moldova has found, based on the results of inspections, violations that may indicate fraud and corruption in central institutions and local authorities. Based on reasonable suspicions, 11 packages of documents were sent to the prosecutor’s office for further investigation.
The Court of Accounts of Moldova has completed an external audit of ministerial reports on the responsible management of state assets in 2024. Overall, the financial discipline of the executive bodies of the central government is far from perfect.
The National Commission for Financial Market will apply to the court regarding the discriminatory nature of the deposit agreement concluded by COMERȚBANK,” Logos Press reports.
The first issue of municipal bonds worth 4.5 million lei is being prepared by the Municipality of Costeşti locality from Ialoveni district,” Logos Press reported.
Over 3 thousand workers without valid labor contracts were found by the State Labor Inspectorate as a result of raids on enterprises conducted since the beginning of the year, – reports Logos Press.
The FSAP mission for an in-depth and comprehensive assessment of the financial sector sustainability has completed its work in Moldova, but the conclusions will be presented later,” Logos Press reports.
Transfers to Moldovan citizens from abroad through payment systems continue to decline, hampering domestic demand, inflation expectations and consumption,” Logos Press reports.
Monthly summaries of the Ministry of Finance show a decrease in the size of the external public debt – in May it amounted to $4.232 billion and, compared to April, decreased by $123 million or 2.8%. – reports Logos Press.
While during May 2025 the positive dynamics of lending was maintained, thanks to consumer borrowing, the first week of June saw a decline in the volume of loans issued in local currency,” Logos Press reported.
About 80 percent of the newly attracted funds in the banking system are in the national currency, and the same percentage of funds reflect the saving sentiment of individuals,” Logos Press reported.
Execution of surplus budgets for Social Security and Medicare in 2024 could have been even better if not for shadow payments by businesses,” Logos Press reports.
At the end of May, at the invitation of the Moldovan government, Vienna Insurance Group (VIG) applied for the acquisition of 80% of MOLDASIG S.A. shares, – reports Logos Press.
This week, the government approved a single package of amendments to a number of laws establishing standards of activity on the financial and capital markets. Consumers of financial services will receive real protection: the powers of the National Commission for Financial Market (NCFM) will be expanded.
In May, demand for foreign currency from business entities was covered by supply from individuals by 86.4%, compared to 91.8% in April,” Logos Press reported.
