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Category: Banks & Finance
The state’s annual borrowing limits have been lowered, but remain the main tool for raising funds for the budget, including from the public’s money, Logos Press reported.
October marked the 10th anniversary of the revocation of licenses of the three banking institutions involved in the “theft of a billion”, but this time was not enough to recover the stolen funds: it was possible to recover about 3 billion lei in emergency loans, but the remaining debt exceeds 11 billion lei, Logos Press reported.
A threefold increase in any indicator in the banking market can hardly be considered an ordinary event. This also applies to the National Bank’s increase in the countercyclical capital buffer rate for exposures from loans in Moldova from 0.5% to 1.5% of the total value of the exposure to risk. This wording seems complicated to explain, but it is not difficult to understand.
The Moldovan Parliament adopted in the second reading amendments to the Law on State Budget for 2025, increasing its deficit by 304.6 million lei (+1.7%) – up to 18 billion 211 million lei.
A bill that hands the president of Moldova the final decision to recall the leadership of the National Bank has sparked controversy in parliament. Opposition MPs warned that the National Bank could now find itself outside the “orbit of the country and parliament”.
Today marks the 32nd anniversary of the introduction of the Moldovan leu into circulation, Logos Press reports.
Moldovan citizens saved 1.4 million euros on transfer fees in the first month after Moldova joined the Single Euro Payments Area (SEPA), – reports Logos Press.
The stock option plan program was approved by the parliament last year, but it has not been in effect so far due to the lack of regulations with a written procedure for its application. This has been repeatedly pointed out by representatives of the business community. The Ministry of Finance has developed a relevant regulation on the Long-Term Incentive Program (stock option plan).
In 2026, the lump-sum allowance for childbirth will be increased to 21,886 lei, Logos Press reported.
The profitability of the insurance business continues to decline due to the outpacing growth in costs associated with the insurance business, according to Logos Press.
A parliamentary initiative to abolish legal provisions restricting the use of cash when buying real estate has been recorded in Parliament, Logos Press reported.
Adjustments to this year’s budget changes have affected the income of first-tier local elected officials, Logos Press reported.
