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Category: Banks & Finance
The National Bank of Moldova (NBM) ended 2025 with a loss of 873 million lei, while the year before, the regulator posted a record net profit of 6 billion lei. Over the year, the financial result deteriorated by almost 7 billion lei, according to the published financial statements.
The World Bank can provide the Moldovan government with specialized technical assistance in assessing the impact of reforms, phasing in tax changes, and analyzing compensatory measures.
Moldova is required to transpose the provisions of Regulation (EU) 2023/1114 on crypto-asset markets and amending Regulations (EU) No. 1093/2010 and (EU) No. 1095/2010, as well as the MiCA Regulation, by December 2026.
As part of the fiscal and tax policy for 2027, the Ministry of Finance is proposing to repeal the provision requiring regulatory authorities to give advance notice of upcoming tax audits at businesses. Business representatives disagree with this change.
A flat VAT rate of 20% on natural gas, electricity, and heating will lead to the impoverishment of citizens and the weakening of the national economy.
The total volume of net remittances from abroad to individuals in May exceeded $170 million. Nearly 80% of these transfers were denominated in the euro. Such volumes of remittances have a multifaceted impact on macroeconomic indicators, serving as a key component of the balance of payments and a source of support for consumer demand.
The rise in global oil and food prices is indeed putting inflationary pressure on Moldova’s economy. However, the key risks facing the country right now are different: inefficient borrowing and rising budget expenditures—this is precisely what sets Moldova apart today.
The World Bank Group announced that it is closing its official Facebook page dedicated to the Republic of Moldova in order to focus its communications on projects in that country on the regional platform for Europe and Central Asia.
The list of jurisdictions with which Moldova automatically exchanges information on financial accounts will be significantly reduced. The relevant draft order has been developed by the Ministry of Finance and is open for public comment through July 6, 2026.
As of the end of May, Moldova’s total public debt had risen to 143.1 billion lei, compared with 122.1 billion lei a year earlier. Over the course of the year, the country’s debt burden increased by 21 billion lei. Nevertheless, according to estimates by the Ministry of Finance and the IMF, the current ratio of total public debt to GDP remains within a safe range (around 37–38% of GDP).
The state budget deficit at the end of May stood at approximately 7.7 billion lei. This represents an increase of 777.1 million lei (or 11.4%) compared to the same period last year. The Ministry of Finance reported this while summarizing the results for the first five months.
The city government has provided clarification on the procedure for paying property tax for this year. The deadline for payment is June 30, 2026.
The Congress of Local Authorities of Moldova (CALM) has expressed its strong opposition to the draft budget and tax policy for 2027.
Parliament passed the first reading of a bill to ratify a loan agreement with the International Bank for Reconstruction and Development (IBRD) in the amount of 218.2 million euros. The funds are intended to support the Sustainable Growth Policy Operations Program.
The acquisition of significant stakes or shares in non-bank payment service providers will be permitted only with the prior authorization of the National Bank of Moldova (NBM). Amendments to the Law on Payment Services and Electronic Money were adopted in the second reading.
Vlad Batrincha, Deputy Speaker of the legislature, called for parliamentary hearings with the participation of Anca Dragu, Governor of the National Bank of Moldova (NBM), during a plenary session. He demanded clarification regarding the monthly salaries and the actual contributions of each member of the NBM Supervisory Board.
The implementation of the Public Finance Management Development Strategy for 2023–2030 and Moldova’s progress in the context of the EU accession process were discussed at the Ministry of Finance on June 25 during the third meeting of the Public Finance Management Dialogue.
A bill proposing amendments to the Tax Code and other Moldovan laws, scheduled to take effect on January 1, 2027, has sparked widespread debate within the professional community.
This change is included in a draft set of amendments proposed by the Ministry of Finance for inclusion in the ministry’s rules of procedure. They will soon be reviewed by the Cabinet of Ministers.
The European Commission today unveiled a new package of proposals to simplify tax rules. It is expected to save businesses 8 billion euros annually, including 3.3 billion euros in administrative costs.
