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Category: Banks & Finance
Fighting the shadow economy and reducing the VAT gap is a key goal for Moldova. This was stated at the TAXCON-2025 conference in Chisinau by Alin Marius Andrieş, professor at the Alexandru Ioan Cuza University from Iasi and former Secretary of the Romanian Ministry of Finance.
The development and promotion of payment infrastructure in Moldova will now officially depend on the global payment technology company Mastercard, which will promote digital payments MPay and EVO, financial education and implementation of modern data management technologies in the payment infrastructure, – reports Logos Press.
Despite the declared increase in transfers, the Customs Service’s procedure for administering state budget revenues for the period 2023-2024 is riddled with shortcomings, causing the state to lose revenue, Logos Press reported.
As a result of the seasonal decline in prices of some groups of goods, annual inflation slowed from 7.9% to 7.3% in August, Logos Press reported.
As planned, in the third quarter, the Ministry of Finance offered citizens to invest in government securities with longer maturity and lower yields, – reports Logos Press.
International rating agency Fitch Ratings in early September affirmed Moldova’s rating at B+ with a stable outlook, which corresponds to an average ESG (RS) relevance level of “5” on both political stability and rights indicators, as well as on indicators of the rule of law, quality of institutional and regulatory framework and the fight against corruption, Logos Press reports.
The National Bank is expanding the “School of Modern Finance” program for future economic journalists by offering them a course of specialized training in Romania, Logos Press reports.
In the period from January to June 2025, VAT totaling 2.06 billion lei was refunded from the state budget, which is about 19.9 million lei (0.98%) more than in the same period of 2024. In the first 6 months of 2025, the cumulative volume of VAT refunded amounted to 7.29% of the total VAT revenues to the state budget, Logos Press reported.
The European Parliament’s tax subcommittee is looking for ways to tax artificial intelligence (AI) given its impact on the labor market and consumption of resources, including electricity, Logos Press reports.
Sireţi commune (Straseni district) intends to attract 3 million lei by issuing securities to finance road repairs. The value of one bond is 1 thousand lei. This is the first experience of issuing its own bonds by a rural settlement.
After a July decline, official reserve assets rose again in August thanks to budget support from the World Bank, Logos Press reported.
Moldova ranked second (after Ukraine) in Chainalysis’ population-adjusted ranking of cryptocurrency adoption, Logos Press reported.
