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Category: Banks & Finance
Deposits in the national currency remain the primary form of household savings in banks. In July 2026, time deposits in MDL accounted for 76.4% of the total volume of time deposits. These figures were provided by the National Bank, which released statistics on changes in bank accounts over the past month.
In July 2026, banks issued new loans totaling approximately 7.4 billion lei. The real sector of the economy accounted for the lion’s share (62.4%) of this financing. Data from the National Bank of Moldova (NBM) for July 2026 reflects the distribution of borrowed funds within the economy.
The VAT on natural gas and electricity may be increased for consumers who exceed the established consumption limits. Energy Minister Dorin Jungietu made this statement during an appearance on a local television channel.
Moldova’s banking system ended 2025 with a net profit of approximately 4.93 billion lei—23.5% more than the previous year. These figures sparked a public debate about the role that lending to the economy, investments in government securities, and deposits with the National Bank of Moldova play in banks’ revenues.
Through August 25, 2026, employers in the passenger transportation sector (taxi services) are required to report and pay social insurance contributions for July in accordance with the rules that apply to all taxpayers.
The National Bank of Moldova has already been granted greater independence. Back in the spring, changes took effect that further insulated the central bank from the government, parliament, and other government bodies. Now, a bill has been introduced in parliament proposing to remove four external members from the NBM’s Supervisory Board and replace them with employees of the National Bank itself.
In July, the European Central Bank unveiled designs for new banknotes that differ dramatically from those currently in circulation. This is the first time the ECB has made such a significant departure from the familiar design of the banknotes Europeans are used to seeing in their wallets.
The Ministry of Finance is simplifying the rules governing certain financial transactions. The changes will affect the requirement to obtain authorization from the National Bank of Moldova to carry out these transactions. The threshold amount will increase tenfold.
The Ministry of Finance continues to receive proposals from representatives of various sectors, which are being discussed as part of consultations on tax policy. This was reported by the Ministry of Finance, which is discussing the draft tax policy for 2027 with the business community.
The Ministry of Finance is structuring its 2027 tax reform around two objectives: reducing the tax burden on labor while simultaneously generating additional revenue for the budget. The government is proposing to raise the personal exemption and maintain tax incentives for investment, while at the same time revising a number of tax breaks and increasing excise taxes.
Nearly half of the tourist vessels selected for inspection by the Greek tax authority on the island of Santorini were found to have violated tax laws.
Moldova’s Ministry of Finance is revising budget expenditures due to a slowdown in economic growth and a decline in projected revenue. The 2026 state budget deficit is estimated at more than 20 billion lei, with revenues of 79.6 billion lei and expenditures of 100.5 billion lei, which is forcing the ministry to exercise stricter control over the country’s financial capacity and identify internal reserves.
The government has drafted amendments to the regional state aid program. Under these amendments, the amount of funding under the program will double.
Once Moldova joins the EU, the National Bank of Moldova and the National Commission for the Financial Market will begin exchanging information with the Joint Committee of European Supervisory Authorities, the European Central Bank, and the European Systemic Risk Board.
This is outlined in the draft budget and tax policy for 2027. Specifically, the mandatory state social insurance contribution rate for employers in budgetary agencies and local government institutions will be reduced from 29% to 24%.
According to the report on the execution of the state social insurance budget, revenues totaling 31,396.1 million lei were recorded for the first 7 months of 2026. This represents 61.0% of the annual target.
The EU is proposing to raise taxes on cigarettes and, for the first time, establish a uniform minimum excise tax on e-cigarettes, heated tobacco products, and nicotine pouches. A recent review has shown that current anti-tobacco regulations are outdated.
On Monday, the French will find out whether they are among the approximately 678,000 individual and business users of the “impots.gouv.fr” website affected by a major tax data breach.
On Finance Professional Day, which is celebrated annually on August 15, the Moldovan Ministry of Finance organized an informational session for about 70 young people interested in the financial sector. Participants learned about how the public finance system works, the budget formulation process, and career opportunities in this field.
The National Bank of Moldova reported growth in the payment card market. The number of cards increased by 12.2% to 4.21 million. The number of non-cash transactions rose by 26.1% compared to last year. Cashless payments are becoming more popular among the country’s residents.
