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Category: Banks & Finance
The government’s desire to borrow more from the domestic market is not supported by commercial banks despite a stable supply of yields, Logos Press reported.
In the new episode of the National Bank of Moldova’s “The Meaning of Money” podcast, the NBM Governor Anca Dragu and International Finance Corporation representative Galina Cicanci discuss why the ability to save is becoming the foundation of personal independence, how financial discipline is formed, and what role women and digitalization play in this process.
Large-scale tax reforms are planned for 2027 to ensure thorough preparation, extensive consultation with the business community, and stability and predictability for entrepreneurs, Logos Press reported.
With the support of the World Bank Group, finances in Moldova will become widely accessible to the most diverse segments of society, presumably by 2030, when a strategic document on this subject will appear, Logos Press reports.
The situation in the economy forces the National Bank to increasingly use the “safety cushion” of the state to ensure its viability, reports Logos Press.
In October, after a September respite (6.9%), annual inflation returned to an upward trajectory of 7%, Logos Press reported.
Citizens have become more active in lending to the government, having recently bought over 40 million lei worth of government securities through an online platform, Logos Press reported.
Despite the fact that the country’s cryptocurrency legislation is under regulation, blockchain-based financial transactions are making their way into Moldovan life and practice in various ways.
This year’s fall has been fruitful for forecasts of the country’s economic development. Updates followed from both international partners – IMF, WB – and local experts. All of them show cautious optimism about overcoming stagnation. However, they are unanimous that sufficient recovery growth should not be expected.
The Executive Committee of the National Bank of Moldova at its meeting on November 6 unanimously decided to keep the prime rate at the current level, reducing the mandatory reserve requirements for banks
The World Bank considers the financial situation of the Moldovan banking sector as sustainable and capable of supporting economic activity while maintaining financial stability, Logos Press reports.
In case of unjustified overstatement of VAT or discrepancy in the purchase price, the State Tax Service will send a notice to the taxpayer explaining possible sanctions, Logos Press reported.
