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Category: Banks & Finance
In May, Moldova’s foreign exchange market saw a decline in trading volumes, reflected in a 16% drop in net demand from companies. At the same time, 91.1% of the net demand from economic agents (legal entities) was met by supply from individuals. The National Bank publishes data on foreign exchange market conditions, noting that it did not intervene in the market during the reporting month.
Ahead of major changes that are set to revamp the functioning of the Moldovan capital market, LOGOS PRESS presents an interview with Dumitru Budianschi, chairman of the National Commission for the Financial Market.
Despite a significant slowdown in economic growth in the first quarter of the year (+0.4%), the central bank nevertheless identified a host of pro-inflationary factors and made the fight against inflation its top priority.
Starting in 2026, the law will establish new rules for the administration of the sanitation fee, including the deadlines for its payment.
According to information from the Ministry of Finance, Moldova’s external public debt balance as of the end of April 2026 had increased by $151.7 million (+3.2%) since the beginning of the year, reaching approximately $5 billion. Of this amount, 93% consists of loans from the European Commission, to which Moldova’s debt has increased ninefold over the past five years.
The Ministry of Finance proposes that the relevant provisions of the Law on Limited Liability Companies (LLCs) governing the application of the incentive capital mechanism be repealed. This proposal is included in the 2027 Tax Policy Package.
The proposed changes to the 2027 tax policy are raising more and more questions and comments. Ion Sturza, former Prime Minister of Moldova (1998–1999), has also shared his views on social media. Here are his main points.
Moldova will establish an Insurance Guarantee Fund designed to ensure compensation payments to victims of traffic accidents in the event of the insolvency, bankruptcy, or liquidation of insurance companies. The management of this fund will be entrusted to the Deposit Guarantee Fund within the banking system.
The government has approved a mechanism for determining the degree of completion of construction projects for tax purposes.
Starting January 1, 2027, the minimum rate for property tax and land tax may be 0.1%, and the maximum rate may be 1%. This amendment is included in the draft tax policy for 2027.
The authorities are proposing to introduce an income tax of 3% on the revenue of the state-owned gambling operator (the National Lottery of Moldova).
Consumers will be able to compare the fees charged by all banks and payment systems for free on a special, unified online platform. The corresponding bill, which requires financial institutions to make their fees fully transparent, was passed by parliament on its first reading.
Fines for illegal business activities, violations of accounting rules, and non-compliance with cash register regulations may also increase.
The Ministry of Finance intends to streamline the system of tax regimes and revise the rules for independent entrepreneurs working in the retail sector. It plans to maintain a preferential tax regime for them while raising the tax rate to 3%.
A public discussion on the draft budget and tax policy for 2027 will be held this week at various venues. The document has been discussed by the Economic Council under the Prime Minister and is scheduled to be reviewed by the tripartite commission on collective bargaining, comprising the government, employers’ associations, and labor unions.
Starting in 2027, the Moldovan authorities intend to streamline the system of tax regimes by reducing their number and revising the conditions for their application. The general tax regime, the independent entrepreneurship regime, and preferential regimes for special economic zones and the information technology park will remain in place.
At its meeting on June 18, 2026, the Executive Committee of the National Bank of Moldova unanimously raised the base rate from 6.5% to 7% per annum. The reserve requirement ratios for funds raised in Moldovan lei and in convertible foreign currency were maintained at their current levels—18% and 26% of the reserve base, respectively.
The authorities are proposing to review the system of business deductions and simplify it by amending Article 24 of the Tax Code.
The Egyptian pound has become the world’s best-performing currency following a sharp drop in oil prices resulting from the U.S.-Iran agreement to reopen the Strait of Hormuz — a move that is expected to restore supplies and ease inflation fears, according to Bloomberg.
Prime Minister Alexandru Munteanu on Tax Policy 2027: We are proposing a reform developed through dialogue that will support economic development, investment, and growth in people’s incomes.
