Moldova’s gross external debt increased in the first quarter of 2025 by 3% (+$303.82 million) and amounted to $10,517.15 million, which is 57.4% of GDP (+1.3 p.p. since the beginning of the year). The rate of external debt accumulation is still inferior to the rate of domestic borrowings – they are at least twice as fast, although they still account for about 40% of the total government debt.
In the first quarter of 2025, services exports showed 10% growth to $626 million, accounting for a 44.5% share of total exports,” Logos Press reported.
Foreign trade statistics indicates a significant decline in export revenues. And the structure of demand for foreign currency on the part of business demonstrates an increasingly pronounced gap with import dynamics, analysts of the National Bank record. According to their estimates, the current account deficit in the first quarter shows more than twofold increase on paper. In life, it has to be “covered” with something.
The International Finance Corporation (IFC), a member of the World Bank Group, will provide technical assistance for the implementation of the National Bank’s Sustainable Development Roadmap for 2024-2028, Logos Press reports.
Based on the application of the client of CB OTP Bank, the National Commission of Financial Market (NCFM) has established the fact of violation by the bank of the rights of the consumer of financial services and applies to the courts to protect him from abuse, – reports Logos Press.
Significant differences amounting to 43.6 million lei were revealed by the Court of Accounts during the audit of the reports submitted to the Ministry of Finance and the World Bank on the utilization of donor funds of the project “Improving the quality of education”, Logos Press reported.
Ulrich Schmitt, a German citizen, will succeed Inguna Dobroja as Country Manager of the World Bank Group in Moldova from July 1, 2025, – reports Logos Press.
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.
