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Category: Banks & Finance
From December 26, the National Bank of Moldova (NBM) will put into circulation two new commemorative coins: “Petre Teodorovici – 75 years since his birth” and “80 years since the foundation of the State Medical and Pharmaceutical University named after Nicolae Testemitanu”, – reports Logos Press.
The dollar value of foreign debt rose by the end of November due to changes in world currencies, causing more than 60% of the total addition to the country’s external debt, Logos Press reported.
There is a paradoxical situation in the municipal council. Since December 3, attempts have been made to hold a meeting, but it cannot not only take place, but even close due to the lack of quorum. Therefore, the meeting is constantly postponed. Even more paradoxical is the fact that about a month has passed since the last, ninth attempt to approve the municipality’s budget for 2025. But neither it, nor the budget for the next year 2026 is discussed in the council today.
The year 2025 will go down in the history of Moldova’s financial system as the year when the country took a decisive step towards European integration by joining the Single Euro Payments Area (SEPA), Logos Press reports.
Experts warn of billion-dollar cryptocurrency schemes damaging the budget, and the National Bank of Moldova (NBM) promises to present the law only by December 2026, Logos Press reported.
The decline in official foreign currency receipts to the population from abroad, despite the cheapening of remittances, has affected the situation on the cash foreign exchange market: sales have been declining for four months, – reports Logos Press.
The taxpayer will have the right to submit objections to the Tax Audit Report within 3 business days of its receipt, Logos Press reports.
Next year, the Fund for Guaranteeing Deposits in the Banking System (FGDSB) plans to launch an online platform to compensate guaranteed bank deposits in the event of a banking crisis, Logos Press reported.
Despite the general growth of citizens’ savings in the banking system, the interest in placing funds in accounts is falling, which indicates a decline in confidence and profitability of such savings, – reports Logos Press.
Demand for new financial products is falling due to stagnating real incomes and tighter credit conditions, Logos Press reported.
From December 19 this year, the National Bank of Moldova has put into circulation a commemorative coin “Moldova in the Single Euro Payments Area”, – reports Logos Press.
The Moldovan government will apply to the European Bank for Reconstruction and Development for an additional loan of 150 million euros to complete the repair and reconstruction of two roads of strategic importance, Logos Press reported.
