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Category: Banks & Finance
Residents of Moldova will be able to carry out a number of foreign exchange transactions related to capital movements, totaling up to 100,000 euros, without authorization from the National Bank of Moldova (NBM). The current limit is 10,000 euros.
The government will not be able to fulfill its commitment to raise salaries for public sector employees effective September 1 of this year, in accordance with the new Law on Wages in the Public Sector. The reason is a revision of the fiscal and tax policy for 2027.
A fund of funds established to develop Moldova’s capital market has attracted the attention of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). This was announced by Minister of Economic Development and Digitalization Eugeniu Osmochescu during a meeting with representatives of the Moldovan diaspora.
According to data from the National Bank of Moldova, as of July 31, 2026, official reserve assets totaled 5,197.74 million euros, down 18.35 million euros from the end of June (5,216.09 million euros).
Last month, the National Bank of Moldova (NBM) transferred nearly one billion lei to the state budget from its profits for the 2025 fiscal year, following an independent external audit of the institution’s financial statements. This amount represents half of the central bank’s distributable profits. The other half will be used to increase the NBM’s authorized capital.
Finance Minister Victoria Belous provided some details regarding the taxation of individuals in their dealings with legal entities.
Finance Minister Victoria Belous revealed some details of the draft budget and tax policy for 2027 that pertain to businesses.
The increase in the corporate income tax rate for banks from 12% to 18% does not pose a major risk to the economy, especially since the tax is scheduled to be in effect for one year. This view was expressed by the President of the Republic of Moldova, Maia Sandu.
Russians sharply increased the amount of cash in circulation in July. According to the Bank of Russia, the figure rose by ₽643.4 billion (approximately €7.2 billion), which is nearly one and a half times the increase seen in June. Since the beginning of the year, the amount of cash has increased by ₽2.1 trillion (about €23.5 billion).
Our approach is not to raise taxes, but to shift the tax burden in the right direction: lower taxes on labor, and higher taxes on vices and excess profits.
The government has revised the most controversial proposal in the previous draft budget and tax policy for 2027—the plan to raise the VAT rate to 20 percent. VAT rates will be differentiated.
One of the key priorities of the Republic of Moldova’s new tax policy for 2027, presented by Prime Minister Vasile Tofan on August 6, will be a review of the approach to personal income taxation. The reform focuses primarily on creating conditions for the growth of disposable income for citizens who receive official wages and participate in the formal economy. This principle is reflected in the very title of the draft: “Labor. Investment. Justice.”
During a press conference today, Moldovan Prime Minister Vasile Tofan confirmed that the new fiscal and tax policy framework includes an increase in the income tax rate for banks from the base rate of 12% to 18%.
The personal tax deduction will be increased by approximately 35%—from the current 29,700 lei to 40,000 lei per year. Prime Minister Vasile Tofan made this announcement during the presentation of the tax policy draft titled “Labor. Investment. Justice.”
The National Bank of Moldova raised its benchmark interest rate from 7% to 7.5% per annum. The decision was adopted unanimously at a meeting of the NBM Executive Committee on August 6, 2026. The reserve requirement ratio remains at 18% for lei and 26% for foreign currency.
In Moldova, the thresholds within which residents may conduct foreign exchange transactions without permission from the National Bank of Moldova (NBM) will be raised from 10,000 to 100,000 euros, and from January 1, 2028, to 250,000 euros.
Foreigners with residence permits will be able to become members of credit unions. This will strengthen and expand their opportunities—including financial and economic ones—for integration in Moldova.
The Bank of Russia has revised downward its forecast for the Russian economy in 2026: inflation may turn out to be higher, and GDP growth weaker, than previously expected.
The concept for the new tax reform will be officially presented on August 6, but the authorities have already revealed its main provisions. The previous version of the document was withdrawn following a wave of criticism from the public and the business community and is said to have been one of the reasons for the government’s resignation.
Requirements for companies to prepare sustainability (ESG) reports are being introduced into legislation. In this context, it is proposed that a separate chapter be added to the Law on Accounting and Financial Reporting.
