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Category: Banks & Finance
As part of the finalization of the tax policy for 2027, the Ministry of Finance organized consultations with representatives of the banking sector. The ministry will analyze their proposals and comments made during the constructive dialogue.
The total volume of loans to households and businesses in Romania in July amounted to 472.4 billion RON. Overall, it increased by 7.6% over the past year, according to the National Bank of Romania (BNR).
Finance Minister Victoria Belous met with Ulrich Schmitt, the World Bank Group’s Country Manager for Moldova. During the meeting, they discussed priorities for cooperation in the coming period.
Parliament voted in the first reading in favor of a draft law on central depositories of financial instruments, developed by the National Commission for the Financial Market (NCFM) and the National Bank of Moldova (NBM). The bill aims to harmonize national legislation with European Union regulations.
Another round of consultations on the 2027 Tax Policy Draft took place with postal and courier service providers. Current issues related to cross-border e-commerce were discussed.
Amendments have been made to the Regional State Aid Scheme; they have been published and have taken effect. These amendments will improve the monitoring of investment projects implemented in the regions and enhance their economic performance. The new measures will also help improve discipline and the efficiency of public funds.
Spaniards had to wait until August 20 to reach what is known as Tax Freedom Day—the date that marks the point in the year when, on average, citizens have earned enough money to cover all their taxes and social security contributions.
Delays in the receipt of promised tranches from external partners are leading to a temporary liquidity shortfall in Moldova’s state treasury. This is forcing the Ministry of Finance to juggle domestic borrowing and cuts to non-essential spending to cover cash shortfalls amid a record projected budget deficit. And the government is having to forgo planned spending on teachers’ salaries and infrastructure investments.
Companies operating in the natural gas sector are suspected of tax evasion totaling approximately 4 million lei
The National Commission for the Financial Market (NCFM) has issued a license and authorization to the market operator “BURSA INTERNATIONAL A MOLDOVEI” SA to administer and operate a regulated market and a multilateral trading facility. At the same time, the NFCM approved the structure of qualified shares in the operator’s share capital and confirmed the composition of its governing bodies.
The State Tax Service has included in the Consolidated Database of Tax Practice guidelines on the use of cash registers when waiters receive tips.
The Ministry of Finance has approved new payment notice forms for a number of taxes and fees. These forms will include a QR code and will take effect on January 1, 2027.
The requirement to report transactions worth more than 100,000 lei to a tax official has been extended to all tax offices, not just mobile ones.
As part of the draft tax and customs amendments for next year, the Ministry of Finance has prepared several changes regarding customs procedures. Specifically, the Customs Service will be able to provide goods storage services at the temporary storage facilities and customs warehouses it manages.
This proposal is included in the draft budget, tax, and customs policy for 2027.
As a result of inspections conducted by customs officials, the violators will pay an additional 81.62 million lei into the budget.
There is no need for foreign exchange interventions by the National Bank. In July, net demand for foreign currency in Moldova was fully met. The regulator reported this for the first time in a long period of observation.
As part of the tax and customs amendments planned for next year, several changes have been drafted regarding customs administration. Specifically, the Customs Service (CS) will cooperate with counterparts from other countries and international organizations to prevent and detect violations.
Prime Minister Vasile Tofan filed a declaration of assets and personal interests in connection with his appointment to the position, listing his income for 2025 earned both in Moldova and abroad.
Government assistance will encourage employers to provide vocational training for their employees. Whether allocated by the government on a one-time basis or as part of a government assistance program, any amount exceeding 3 million euros will be subject to a general review by the Competition Council.
